Florida Real Estate Attorneys Provide Assistance in Drafting Real Estate Trusts

How will all the property and assets that you own be managed after your death? Are your wishes protected in a legally binding and comprehensive Real Estate Trust? Everyone needs to plan for the future, and it is important to obtain peace of mind regarding real estate property and assets. Dean and Dean, LLP, Attorneys at Law will put our more than 25 years of experience, savvy, and skill to work for you to develop an estate plan, tailored to your wishes and unique situation.

I Already Have a Will – Why Do I Need a Trust?

You may think your wishes are protected in a Will since you gave a spouse or trusted loved one Power of Attorney in case of your illness or death. While it is true that a Will is often used to communicate the wishes of a person, including the transfer of real estate, a Real Estate Trust has many advantages over having just a Will.

For instance, Wills are still subject to probate – a lengthy legal process in which the Will is examined by and approved in court. Only then is it legally enforceable. Probate can be costly and can freeze the ability to sell or transfer property involved in the Will. In addition, a Will may also be contested, adding another layer of complication.

Is a Trust Subject to Probate?

With a Real Estate Trust, you can avoid the probate process by providing legally binding, specific instructions regarding transfer of assets and real estate property management. A Trust provides assurance that your real estate will be handled the way you wish.

A Trust will prevent lengthy probate proceedings, in which the distribution of your property is taken to a judge. After your death, your successor trustee simply distributes your assets according to the Trust. The process takes only a few weeks, and there are no lawyer or court fees to pay. In the difficulties and complications that follow death, a Trust will ensure your loved ones have fewer things to worry about.

Contact Florida Estate Planning Attorneys Dean & Dean Today

We offer expert, knowledgeable legal guidance on real estate, probate, estate planning, business law and more in the The Villages, Ocala, and Beverly Hills area. To make your appointment today, please contact us at (352) 515-9221