Revocable Living Trust Attorneys In South Florida
What Is A Living Trust?
At Garcia, Miranda & Gonzalez-Rua, P.A., we help clients understand the benefits of living trusts as part of a comprehensive estate plan. A living trust is created and funded while you are alive, allowing you to maintain full control over your assets just as if they were still in your name. Unlike a testamentary trust, which only takes effect after you pass away, a living trust can provide a smoother, more cost-effective way to manage how your assets are passed on to your heirs.
With a living trust, you can simplify the transfer of your estate, helping your loved ones avoid some of the delays and costs often associated with probate. To learn more about whether a living trust fits your needs, connect with our team at Garcia, Miranda & Gonzalez-Rua, P.A.. — we’re here to guide you through the process.
Call Garcia, Miranda & Gonzalez-Rua, P.A. at 786-686-3090 to schedule a consultation with a lawyer today.
What Benefits Do Living Trusts Provide to My Heirs?
Living trusts offer a valuable means of ensuring that your children or other heirs are taken care of while simultaneously helping them navigate around the often cumbersome probate process. Probate can be a costly endeavor, and it frequently extends over many months—and in some unfortunate cases, even years—before it's finalized. For heirs who reside far away, managing all the necessary paperwork associated with probate can be an overwhelming burden, especially during such a challenging emotional time.
Setting up a living trust not only streamlines the distribution of your assets but can also help minimize the tax implications for your heirs, alleviating potential financial worries when they should instead be focusing on healing and moving forward with their lives. If you’re interested in discovering how a living trust could be seamlessly integrated into your overall estate plan, we invite you to reach out to the knowledgeable team at Garcia, Miranda & Gonzalez-Rua, P.A. to schedule a personalized consultation. We’re here to guide you through the process and answer any questions you may have.
Does a Living Trust Benefit Me Now?
When you place assets into a living trust, you retain full control over them while you’re able. Additionally, a living trust can provide important protections if you become disabled. Without a living trust or a financial power of attorney, the probate court may step in to decide how your family manages your care and finances.
With a living trust, you can name a trustee—often a trusted family member or friend—to handle your assets if you’re unable to do so yourself. Because a living trust is revocable, you can update or even cancel it as your situation changes.
It’s a straightforward way to help ensure that the people you care about have control over your assets when you can’t. To learn more about how a living trust can offer peace of mind, schedule a consultation with the estate planning team at Garcia, Miranda & Gonzalez-Rua, P.A.