It is flexible because you can specify when you want the property or assets distributed i e.
Revocable living trust forms for florida.
The revocable or living trust is often promoted as a means of avoiding probate and saving taxes at death and is governed by chapter 736 florida statutes.
Florida revocable living trust form.
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Download this florida revocable living trust form in order to set aside certain assets and property of your choosing in a separate flexible entity for the benefit of your chosen beneficiaries.
The florida revocable living trust is a legal form created by a person a grantor into which assets are placed with instructions on who will benefit from them the grantor appoints a trustee to manage the trust in the event they become mentally incapacitated.
The florida living trust is an estate planning tool designed to avoid probate while providing long term property management.
Florida irrevocable living trust form.
A revocable living trust is created by an individual the grantor for the purpose of holding their assets and property and in order to dictate how said assets and property will be distributed upon the grantor s death.
The grantor maintains ownership over their assets and they can make alterations to the document or choose to revoke the trust at any point in their lifetime.
The grantor may appoint themselves trustee which is an advantage over the irrevocable living trust.
Upon your death or when the beneficiary reaches a certain age.