"Revocable Living Trusts: Essential Concepts, Questions And Answers " - PowerPoint PPT Presentation

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Title: "Revocable Living Trusts: Essential Concepts, Questions And Answers "


1
Revocable Living Trusts IN FLORIDA
Essential Concepts, Questions And Answers
2
Probate and Privacy
3
What happens at probate?
4
After you die, the property you own through your
living trust will be distributed outside of
probate
5
Unlike distributing property through your last
will and testament, living trust property is kept
private, while probate property transfers are
open to public inspection
6
Incapacity
7
What happens if I become incapacitated?
8
You have to name a successor trustee when you
create a revocable living trust
9
Should you become incapacitated, the successor
trustee can step in and manage the trust
property for you
10
Inheritances
11
Who distributes living trust property after I die?
12
The successor trustee does
13
This person will have the responsibility to take
the living trust property and give it to the
heirs you identified when you created the trust
14
Broader Plans
15
Is a living trust all I need?
16
Absolutely not
17
A complete estate plan involves numerous pieces
that will complement the living trust and protect
your other interests
18
Learn More About Revocable Living Trusts In
Florida
19
Robert J Kulas, PA Attorneys at Law
www.kulaslaw.com
(772) 398-0720
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