Revocable And Irrevocable Trust Lawyers

Drafting a will and other documents that speak to your wishes in life and following death is the foundation of any estate plan. Beyond that, however, there may be more specific goals you have in mind. In many cases, it may be necessary to ask, "Would my estate plan benefit from one or more trusts?"

Our attorneys can help you answer that question, and more importantly, give you comprehensive guidance in drafting any trusts that you may require. We understand from experience that beyond simple wills and perhaps health care directives, many people find it difficult to grasp the function and benefits of trusts and other more sophisticated legal documents. Our goal is to remove the mystery from these important tools and help you use them to benefit your and your family's financial outlook.

Learn More About Trusts In Florida

Trusts can have important benefits for you and your potential beneficiaries alike. These include:

  • Streamlining the probate process
  • Reaping tax benefits
  • Providing consistent, long-term financial support to loved ones, including those with substantial health care or other financial needs

Trusts can be divided into two basic categories: revocable and irrevocable.

  1. As the name suggests, revocable trusts are ones that can be revoked by the person establishing it at any time. An individual may have personal or strategic reasons for wishing to retain this authority, but there are drawbacks to setting up a revocable trust as well.
  2. Unlike revocable trusts, irrevocable trusts cannot be changed once they have been established. While the individual setting one up may have less flexibility in this regard, those who set up irrevocable trusts can reap rewards through reduced estate tax liability and charitable gifts.

As part of our estate planning counsel, we will determine whether your plan is best served using one or more trusts. Learn your options in a free consultation: Send an email or call our Fort Myers office at 239-344-9430 (877-243-1624 toll free) to speak with a lawyer.