Under Florida law, the “terms of a trust” determine how assets placed into a trust are to be managed and distributed at the time of the settlor’s death. Section 736.0103(21) of the Florida Trust Code defines the “terms of a trust” as:
“he manifestation of the settlor’s intent regarding a trust’s provisions as expressed in the trust instrument or as may be established by other evidence […]
For many people, downloading a do-it-yourself will can seem like an attractive option. It costs less than hiring an attorney, it is easier than hiring an attorney, and it can be done in a matter of hours – if not minutes. You don’t have to take time off from work to go to an attorney’s office, you don’t have to tell some stranger about your finances […]
When it becomes apparent that your marriage is ultimately destined for a divorce, even if the option of an uncontested divorce is on the table, you may discover that you are running into a whole litany of significant challenges that you hadn’t initially accounted for. You might be concerned regarding the impact the impending divorce proceedings will have on your financial standing, how this option will […]
As you navigate the important process of organizing the eventual administration of your estate, it is essential that you have a solid understanding of the distinction between probate and non-probate assets. Preparing for future probate matters can be a complex and highly-involved undertaking, but having a solid grasp of this concept will help alleviate some of the inherent stress and uncertainty that is typical for those […]
Were you aware that, when your disabled or special needs child reaches the age of 18 (which is the recognized legal age of majority in the State of Florida), your parental rights (including those related to medical, educational, living, and financial decision making) expire – regardless of the extent of your child’s disabilities? In order to retain the power to make all of the critical decisions […]