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Putnam County Trust Attorney

What is a Trust in Florida?

A trust can be thought of as a special kind of contract where someone agrees to oversee and manage certain assets for the benefit of someone else. The person who agrees to manage trust assets is called a “trustee.” A trustee has legal rights to use the trust assets as long as they do so for the benefit of the trust.

An effective estate plan will use a revocable living trust naming you as trustee for life, as well as other “successor trustees.” When you pass away, your successor trustee will then have use and control over the trust assets. Trust assets are not subject to probate because they are legally “owned” by the trust. As a result, using a trust will simplify probate administration issues by keeping certain assets out of your testamentary estate upon your death.

Our trust attorneys can provide you with advice and services for the following:

  • Trust formation
  • Trust administration
  • Marital trusts
  • Spendthrift trusts
  • Revocable living trusts
  • Irrevocable life insurance trusts

For more information about our estate planning services, contact us at (386) 200-6547 or contact us online to request a free consultation.

What is the Difference Between a Will and a Trust in Florida?

A trust is a useful estate planning tool that serves as an alternative to a will. Trusts have the benefit of having effect while you’re alive, unlike a will which only becomes effective upon a person’s death.

If you are interested in getting a head start on planning you and your family’s future, you should contact a Putnam County trust attorney to discuss your legal options. At Hedstrom Law, P.A., we have years of experience handling matters relating to probate and estate planning. We are dedicated to providing you with quality legal counsel to help you reach an informed decision about the important things in your life.

What is the Difference Between a Revocable Trust and an Irrevocable Trust?

A revocable, or living trust, is a trust that can be altered at anytime by the trustee. However, the trust itself is susceptible to creditors in the event that trustee owes any judgement due to lawsuits as well as state & federal taxes in the event the trustee dies.

An irrevocable trust is the opposite, it is a trust that cannot be altered under any circumstances. However, the benefit of this trust is that it typically is shielded from creditors or taxes freeing the beneficiaries of all tax responsibilities. Irrevocable trusts can be difficult to set up though and does need the services of an experienced attorney.

Helping Putnam County Residents Establish a Lasting Legacy

Talking about wills and estates can be uncomfortable. After all, making plans for what happens after you die can be very difficult. However, when you can leave behind a lasting legacy that will help promote the future well-being of your loved ones, you can take solace in the fact that your actions will have a positive impact on the people you care about that endures beyond your death. This is best accomplished with an estate plan. To ensure your legacy provides your loved ones with maximum benefit, your estate plan should contain a living trust.

Why Call Our Trust Lawyers?

  • Free Consultations
  • Relationship-Based Legal Representation
  • Strong Work Ethic & a Proven Track Record
  • Genuine, Experienced & Compassionate Counsel

You can find the guidance you deserve with one of our experienced Putnam County trust attorneys. At Hedstrom Law, P.A., we proudly provide Putnam County residents with comprehensive estate planning services, including matters related to trusts. We take our role as your advisor seriously. It is our job to make sure that you have the best information at your disposal when you have to make an important decision.

To schedule a free consultation with one of our experienced trust attorneys, call us at (386) 200-6547 or contact us online today.

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