US Wills, Trusts & Probate : Florida Trusts
If you own property in more than one nation or U.S. state, having a trust may allow your estate to avoid probate in Florida and in other U.S. states.
Probate can take up to two years or more to complete. During this time, your loved ones may not have access to your assets. Probate can be expensive with costs including lawyer's fees, executor's fees (if professional), appraisal fees, court filing fees, etc.
We prepare trusts which are designed to avoid the cost and delay of the probate process. Unlike a will, the trust is effective immediately upon its execution and continues without interruption notwithstanding incapacity or death. You may change or dissolve the trust at any time. To be effective, titled property such as homes must be transferred to the trust. Unlike a will, with a trust property may be distributed upon your death.
If you own assets in the U.S. and want your loved ones to avoid multiple probates, and court involvement on your death or incapacity, you should consider a trust.
With an understanding of U.K. and U.S. law, Bennetts can help you set up a trust that best suits your needs.