what attorney in boca can set up a trust for me

Where can I find the best Trust attorneys near me?

Kochman & Ziska PLC. Trusts Lawyers | West Palm Beach Office | Serving Boca Raton, FL. Average. Avg. Experience: 35 years. 561-815-8952. 222 Lakeview Ave, Suite 1500, West Palm Beach, FL 33401. Contact Kochman & Ziska PLC in Boca Raton, Florida for experienced legal assistance in Trusts. Contact Us Visit Website View Profile.

What is a trust in real estate?

PAMELA HIGER POLANI, LLC Attorney at Law 9851 Savona Winds Drive DELRAY BEACH, FLORIDA 33446 TELEPHONE (561) 504-4533 CELLULAR (561) 496-4222 EMAIL: [email protected] Don’t empty your pocket book seeing high-overhead attorneys; con...

How to set up a trust in the US?

If you need a Will or Revocable Living Trust in South Florida, it can be frustrating to find an experienced estate planning attorney that you can trust to protect the future of you and your loved ones. With over 40 years of combined experience in Will and Trust planning, Attorney Barry D. Siegel and his team at The Siegel Law Group, P.A. can help you plan, create or update your …

How much does it cost to set up a revocable trust?

Nelson Mullins Riley & Scarborough LLP. Recognized Since: 2013. Location: Boca Raton, Florida. Practice Areas: Litigation - Trusts and Estates Tax Law Trusts and Estates. Lawyer. Charles D. "Chuck" Rubin. Gutter Chaves Josepher Rubin Forman Fleisher Miller P.A.

Is it worth it to set up a trust?

A trust allows you to be very specific about how, when and to whom your assets are distributed. On top of that, there are dozens of special-use trusts that could be established to meet various estate planning goals, such as charitable giving, tax reduction, and more.Oct 6, 2021

What should you not put in a trust?

Assets that should not be used to fund your living trust include:Qualified retirement accounts – 401ks, IRAs, 403(b)s, qualified annuities.Health saving accounts (HSAs)Medical saving accounts (MSAs)Uniform Transfers to Minors (UTMAs)Uniform Gifts to Minors (UGMAs)Life insurance.Motor vehicles.

How do I set up a trust in my name?

Decide how you want to set up the trust. You can set up a trust by hiring an estate planning attorney, using an online service, or opening one on your own. ... Create a trust document. ... Sign and notarize the agreement. ... Set up a trust bank account. ... Transfer assets into the trust. ... For certain assets, name the trust as beneficiary.

Can a paralegal prepare a living trust?

Only Registered Legal Document Assistants or an Attorney can legally accept money from the public to prepare legal documents. A paralegal that is not registered as a Legal Document Assistant, should not prepare any legal documents for the public.May 26, 2020

Should my bank account be in my trust?

Some of your financial assets need to be owned by your trust and others need to name your trust as the beneficiary. With your day-to-day checking and savings accounts, I always recommend that you own those accounts in the name of your trust.

What assets can you put in a trust?

What Type of Assets Go into a Trust?Bonds and stock certificates.Shareholders stock from closely held corporations.Non-retirement brokerage and mutual fund accounts.Money market accounts, cash, checking and savings accounts.Annuities.Certificates of deposit (CD)Safe deposit boxes.Jan 16, 2022

What are the 3 types of trust?

To help you get started on understanding the options available, here's an overview the three primary classes of trusts.Revocable Trusts.Irrevocable Trusts.Testamentary Trusts.More items...•Aug 31, 2015

What are the three types of trust?

While there are a number of different types of trusts, the basic types are revocable and irrevocable.Revocable Trusts. ... Irrevocable Trust. ... Asset Protection Trust. ... Charitable Trust. ... Constructive Trust. ... Special Needs Trust. ... Spendthrift Trust. ... Tax By-Pass Trust.More items...•Mar 18, 2020

Why would a person want to set up a trust?

The main purpose of a trust is to transfer assets from one person to another. Trusts can hold different kinds of assets. Investment accounts, houses and cars are examples. One advantage of a trust is that it usually avoids having your assets (and your heirs) go through probate when you die.Feb 22, 2022

How much does it cost to set up a living trust?

Establishing a trust requires serious legal help, which is not cheap. A typical living trust can cost $2,000 or more, while a basic last will and testament can be drawn up for about $150 or so.

How much is a living trust in Oregon?

A basic trust plan may run anywhere from $2,000 to $3,000 or more, depending on complexity. There are additional costs for making changes and administration costs after your death.

How do I become a legal document assistant in California?

The basic requirements to be an LDA are: A high school diploma or general equivalency diploma, and either a minimum of two years of law-related experience under the supervision of a licensed attorney, or a minimum of two years experience, prior to January 1, 1999, providing self-help service.

Why do you need an attorney for estate planning?

Because Estate Planning laws vary from state to state, and you need an experienced attorney to make sure you are protected wherever your property and heirs are located, and where you die or become ill.

What happens if you die without a will in Florida?

If you die without a Will or Trust, or your estate will be intestate and the state of Florida will decide how your assets will be distributed – not you. While they function similarly, each has its own advantages and disadvantages.

Who is Siegel Law Group?

The Siegel Law Group, P.A. provides assistance with Estate Planning documents throughout South Florida. Give us a call today at 561-955-8515 to get started with a complimentary consultation. Schedule a Complementary Estate Planning Session.

Is a will public or private?

When probated, a Will becomes part of the public record, while a Trust remains private and only the beneficiaries know the contents of the Trust. Setting up a Will is initially less expensive, but when it comes time to distribute property, a Will requires the costly Probate process while a funded Trust does not.

What is a trust agreement?

A Trust is a fiduciary relationship in which one party gives another party, known as the Trustee, the right to hold the property or assets for the benefit of another party, the beneficiary. The Trust should be documented by a written Trust Agreement, outlining how the Trust assets will be distributed to the beneficiaries.

Can you have a living trust and a will?

A Living Trust has benefits while you’re still alive, while a Will only becomes effective upon death. Many people have both a Will and one or more Trusts. An experienced Will and Trust Attorney can help you evaluate your situation and what documents are best to meet your goals.

What is a living will in Florida?

A Florida Living Will is a legal document that states whether someone wants to be on any artificial life-sustaining devices to prolong their life , provided they are in any of the following three conditions: terminal condition. end-stage condition. persistent vegetative state.

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Our Boca Raton Trust Attorney Outlines the Benefits of Creating a Florida Trust

As mentioned above, placing property in a trust allows it to be transferred to beneficiaries in the manner set forth in the trust documents, allowing you a great deal of control. Some of the other reasons people choose to create trusts are:

Factors to Consider When Choosing Between a Trust and a Will

Our legal team considers your unique situation when planning your estate and considering the benefits of both wills and trusts. Some of the factors we consider may include:

How a Boca Raton Trust Attorney Can Help

Properly planning and setting up trusts is full of legal complexities, which is why it is wise to discuss your options with an experienced Boca Raton trust attorney. Our team has decades of estate planning experience and understands the laws that govern trust and estate planning.

Contact Ellis Law Group for Guidance with Your Trust Today

There are many benefits to working with your Boca Raton trust attorney to create one or more Florida trusts as part of your estate plan. If you are considering including a trust in your estate plan, a lawyer from the Ellis Law Group can help. Please call us at 561-910-7500 or reach out to us online.