With a living Trust you will be able to maintain control over the respective assets you transfer to the Trust, which means that you will be able to include and remove any assets you want during your lifetime.
Further, you will be able to modify the Trust’s terms and conditions as the years go by in order to better reflect new events and circumstances.
Another important probate feature provided by Florida law, similar to other U.S. States, is the possibility to keep the living Trust private since there is no registration requirement. For example, the settlor would have only to appoint a Trustee that would be in charge of managing your assets in the event of incapacitation or an early death.
HAYMAN-WOODWARD Global Tax will be happy to clarify any doubt you may have in connection with a living Trust. We are also able to assist in the formation of the living Trust itself, so you can rest assured that the transfer of your wealth to your heirs will be carried out in an efficient and cost-effective manner.
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