Florida Trusts & Real Estate

In Jacksonville or other cities in Florida, there are many advantages to using a Revocable Living Trust or Florida Land Trust to hold title to real estate. Dyches Broddiford has an interesting article dealing with many of these issues.

In summary a real estate trust provides:
– Privacy for the owners;
– Protection of the individual owners assets (in most circumstances);
– Ability to assign an interest without changing public records;
– Avoids Guardianship of the assets when a party is incapacitated;
– Guardianship of the trustee, trusts can provide for alternate trustees;
– Privacy while living;
– Probate is not needed upon the death of the owner; and – No tax benefits
For more details click the link above or talk with a Florida Estate Planning Attorney or Jacksonville Living Trust Lawyer

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