Make Notes On Legal Florida Living Trusts Forms For Free

While it is true that with the information available on the Internet, you might be able to draw up your own living trust, there are numerous valid reasons why you should have an experienced Ayo and Iken Florida estate attorney prepare your living trust.

Yes. If you are competent to handle your financial affairs now, there's no legal reason why you can't be the trustee of your own Living Trust. In fact, this is what most people choose to do. And if you're married, you and your spouse can act as co-trustees.

To set up a revocable living trust in Florida, you'll need to follow these requirements: The trust must be created and signed by you. You must transfer assets into the trust. There must be a successor trustee named.

Generally speaking, most trusts cost between $1,000 and $3,000 to set up. A trust is a legal arrangement in which property (such as money or property) is held by one party for the benefit of another. A trustee holds legal title to the property for the benefit of the beneficiaries.

In most places, a living trust document, unlike a will, does not need to be signed in front of witnesses. (In Florida, two witnesses are required; a witness statement automatically prints out with the Florida trust document.) But you do need to sign your living trust document in front of a notary public for your state.

The cost of setting up a trust in Florida varies depending on the complexity of the trust and the attorney's fees. A basic Revocable Living Trust generally ranges from $1,000 to $3,000. More complex trusts can cost several thousand dollars more.