Broward Florida Contrato de Fideicomiso Revocable con Fideicomisario Corporativo - Revocable Trust Agreement with Corporate Trustee

• Category: Fideicomisos - Convenios - Irrevocables
• State: Multi-State
• County: Broward
• Control #: US-0377BG
• Format: Word

Description

A revocable trust is a trust that can be modified or revoked by the settler. In such trusts, the settler reserves the right to terminate the trust and recover the trust property and any undistributed income. Revocable trusts are considered grantor trusts and therefore the income is taxed to the settler and the assets in the trust at the time of settlers death are included in the settlers taxable estate. A Broward Florida Revocable Trust Agreement with a Corporate Trustee is a legal document that establishes a trust in Broward County, Florida. This type of trust gives individuals the ability to manage and distribute their assets during their lifetime and transfer them to beneficiaries upon their death. The inclusion of a Corporate Trustee provides professional management and oversight of the trust assets. The Broward Florida Revocable Trust Agreement with Corporate Trustee is a legal instrument that allows the granter (the individual creating the trust) to retain control over their assets, while designating a Corporate Trustee to handle the administrative duties of managing the trust. This Corporate Trustee can be a financial institution or a trust company, which has the expertise and experience to manage the trust assets effectively. There are different types of Broward Florida Revocable Trust Agreements with Corporate Trustees. Some commonly used types include: 1. Individual Revocable Trust: This is a trust agreement where an individual acts as both the granter and the trustee, retaining control over the trust assets during their lifetime. 2. Joint Revocable Trust: In this type of trust, a married couple creates a trust agreement together and acts as contractors and co-trustees. The trust assets are managed jointly by both spouses for the duration of their lifetimes. 3. Pour over Will Trust: This involves a combination of a revocable trust agreement and a pour-over will. The assets that are not titled within the trust during the granter's lifetime are transferred to the trust upon their death through the pour-over will provision. 4. Irrevocable Life Insurance Trust: This type of trust is designed specifically to hold life insurance policies. It removes the value of the policy from the granter's estate, providing the opportunity for tax savings. 5. Charitable Remainder Trust: A charitable remainder trust is established to benefit a charitable organization. The granter designates a charity as the ultimate beneficiary, but retains the right to receive income from the trust during their lifetime or a specified period. The Broward Florida Revocable Trust Agreement with Corporate Trustee provides a valuable estate planning tool for individuals seeking to protect and manage their assets efficiently. By utilizing a Corporate Trustee, individuals can ensure professional management, impartial decision-making, and adherence to legal requirements in the administration of their trust.

A Broward Florida Revocable Trust Agreement with a Corporate Trustee is a legal document that establishes a trust in Broward County, Florida. This type of trust gives individuals the ability to manage and distribute their assets during their lifetime and transfer them to beneficiaries upon their death. The inclusion of a Corporate Trustee provides professional management and oversight of the trust assets. The Broward Florida Revocable Trust Agreement with Corporate Trustee is a legal instrument that allows the granter (the individual creating the trust) to retain control over their assets, while designating a Corporate Trustee to handle the administrative duties of managing the trust. This Corporate Trustee can be a financial institution or a trust company, which has the expertise and experience to manage the trust assets effectively. There are different types of Broward Florida Revocable Trust Agreements with Corporate Trustees. Some commonly used types include: 1. Individual Revocable Trust: This is a trust agreement where an individual acts as both the granter and the trustee, retaining control over the trust assets during their lifetime. 2. Joint Revocable Trust: In this type of trust, a married couple creates a trust agreement together and acts as contractors and co-trustees. The trust assets are managed jointly by both spouses for the duration of their lifetimes. 3. Pour over Will Trust: This involves a combination of a revocable trust agreement and a pour-over will. The assets that are not titled within the trust during the granter's lifetime are transferred to the trust upon their death through the pour-over will provision. 4. Irrevocable Life Insurance Trust: This type of trust is designed specifically to hold life insurance policies. It removes the value of the policy from the granter's estate, providing the opportunity for tax savings. 5. Charitable Remainder Trust: A charitable remainder trust is established to benefit a charitable organization. The granter designates a charity as the ultimate beneficiary, but retains the right to receive income from the trust during their lifetime or a specified period. The Broward Florida Revocable Trust Agreement with Corporate Trustee provides a valuable estate planning tool for individuals seeking to protect and manage their assets efficiently. By utilizing a Corporate Trustee, individuals can ensure professional management, impartial decision-making, and adherence to legal requirements in the administration of their trust.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.