As a resident of Florida, you have multiple options available for how you can have your assets handled after your passing. Naturally, you wish to ensure that your loved ones have as little trouble as possible when dealing with matters of said assets. We at the Law Offices of Frye & Vazquez, P.L., are here to help by explaining some of the benefits a living trust may provide you with.
If you are able to successfully establish a living trust, you can save your loved ones a lot of trouble. The first benefit is that you can maintain privacy. Unfortunately, court battles often leave plenty of information available to the public. Unless you seal documents, just about anyone can peruse a court’s records to look into your personal matters.
Next, there are matters of court interference. When you want your assets transferred, you usually have a plan in mind. You know who gets what, how you want things divided, and the way that you want these divisions to occur. A living trust allows you to ensure that these things happen.
Finally, there’s the amount of time and money that goes into probate. This can take a year or even longer and will usually cost a fair amount, putting extra stress on loved ones who will already be dealing with the emotional weight of grief.
If you are interested in the creation of a living trust with the hopes that it can help your family avoid unnecessary stress after your passing, consider taking a look at our web page on trusts, linked here.