Aug 6, 2020 | Estate Planning, FAQs, Trust Administration
Yes, most definitely. This is your money. It’s your property. You can control how the money is going to be left to your heirs. If you want to leave it to them outright, if you want to set it up in percentages over a period of time, if you want to hold it in...
Jun 15, 2020 | Trust Administration
A revocable trust does not protect your assets from creditors. You are the grantor, you set up the trust. You are the initial trustee, you manage and administer the trust and you are the beneficiary. It’s your money, it’s your property. Because of that,...
Apr 8, 2020 | Estate Planning, Trust Administration
Funding the trust is actually probably the most important part of the process. If the trust is not funded, if the assets are not titled to the name of the trust, it’s not worth the paper it’s printed on. So, the way to fund the trust is you have to...
Nov 18, 2019 | Trust Administration
U/T/D stands for Under Trust Dated. It is one of the two identifying features for your trust. Your trust has a name so it’d be the Greg revocable trust and then it has a U/T/D date. An under trust date, that’s the date the document was signed. To learn...
Nov 4, 2019 | Trust Administration
When a person passes away here in the State of Florida, and they have a revocable trust, that document is not filed with the Probate Court, like a Will is. So whatever assets are titled or funded in that trust, the public is not going to know anything about that. They...
Jul 22, 2019 | Trust Administration
TOD, transfer on death. POD, payable on death. ITF, in trust for. Those are beneficiary designations. They’re typically seen on bank accounts. So if mom passes away and your on there as ITF, in trust for, you would just take a death certificate and your drivers...
