Hillsborough Florida Living Trust for individual, Who is Single, Divorced or Widow or Widower with Children

Name: Hillsborough Florida Living Trust for individual, Who is Single, Divorced or Widow or Widower with Children
Brand: US Legal Forms
Rating: 4.65 (434 reviews)

Category:

Florida Trusts - Living Trusts

State:

Florida

County:

Hillsborough

Control #:

FL-E0176

Format:

Instant download

Description

This form is a living trust form prepared for your state. It is for an individual who is either single, divorced or widowed with one or more children. A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. The trust then owns and manages the property held by the trust through a trustee for the benefit of named beneficiary, usually the creator of the trust (settlor). The settlor, trustee and beneficiary may all be the same person. In this way, a person may set up a trust with his or her own assets and maintain complete control and management of the assets by acting as his or her own trustee. Upon the death of the person who created the trust, the property of the trust does not go through probate proceedings, but rather passes according to provisions of the trust as set up by the creator of the trust.

How to fill out Hillsborough Florida Living Trust For Individual, Who Is Single, Divorced Or Widow Or Widower With Children?

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FAQ

While a person can get a free or low-cost will form online, or a simple will with an attorney, a living trust is a more complicated document that legally must be prepared by an attorney in Florida.

The length of time it takes to settle the trust really depends on the provisions of any particular trust document and what types of assets you're dealing with. If the assets need to be liquidated, it can take up to six months.

Yes, a deed to a trustee requires acknowledgement by a notary to be recorded in the public records.

Establishing a trust agreement and opening an associated account can be complicated in Florida and may require the services of a financial or legal professional.

When you create a living trust in Florida you are the grantor of the trust, the one who decides its terms and places assets in it. You select a trustee who manages the assets. It is common to choose yourself as trustee, but you can pick anyone you want.

If your main goal is to avoid probate court, so long as you have assets that will not pass through probate then you will not need a trust. However, if you have assets that will pass through probate, the a Florida revocable living trust will be a good idea.

If you use an online program, it won't cost more than a few hundred dollars. The other option is to enlist the help of an attorney. Though this option will make the process easier, it's also much more expensive. The exact cost will depend on the attorney's fees, but you could end up paying more than $1,000.

SERVICESFEESTRUST - SINGLE$600TRUST - MARRIED$650TRUST - A/B$1,850INSURANCE TRUST$95015 more rows

While a person can get a free or low-cost will form online, or a simple will with an attorney, a living trust is a more complicated document that legally must be prepared by an attorney in Florida.

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Hillsborough Florida Living Trust for individual, Who is Single, Divorced or Widow or Widower with Children

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Do you need an attorney to prepare a living trust in Florida?

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Do you need a lawyer to set up a trust in Florida?

Can I prepare my own living trust in Florida?

Is a trust a good idea in Florida?

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

How much does it cost to set up a trust in Florida?

Do you need an attorney to prepare a living trust in Florida?

How long does it take to form a trust in Florida?

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Hillsborough Florida Living Trust for individual, Who is Single, Divorced or Widow or Widower with Children

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How to fill out Hillsborough Florida Living Trust For Individual, Who Is Single, Divorced Or Widow Or Widower With Children?

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