ESTATE PLANNING AND TRUST VS PROBATE ADMINISTRATION
Probate administration is the court process required when someone dies with assets in their own name. Probate is time consuming and very expensive. Probate comes with built in delays on loved ones collecting their money and assets. Probate can be prevented with proper trust planning.
WHY IS FUNDING YOUR TRUST A MUST?
Funding your trust is a must! If a trust is not funded, or in simple language, if assets in a person’s name alone are left outside of the trust with no direct paid-on death beneficiary, probate court is required. Trusts and estate planning when done properly, can prevent Miami probate court from getting involved in your loved ones and assets.
DO I HAVE TO PUT MY REAL ESTATE IN TRUST?
Yes, real estate must be placed inside your trust. This is often done easily with a recorded quit claim deed. Your Florida trust can hold real estate in any other state by recording a quit claim deed in that state.
HOW DO I HANDLE THE REAL PROPERTY? WHAT IF MY REAL PROPERTY IS NOT IN MY TRUST?
A client of mine recently passed away. Sadly, he has two real estate properties and stocks that were never transferred to trust. I followed up with emails and phone calls, but in the end, the client must be ready. He died before this time and his loved ones are now dealing with a probate case for some assets and trust administration for the other assets. Thus, creating delays and extra expenses that could have easily been avoided.
SHOULD I USE ALLY M. GLASER, PA TO HANDLE MY WILLS AND TRUSTS, ESTATE PLANNING, AND PROBATE MATTERS?
As an Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach, Florida with over twenty-eight years of experience and both a Psychology and Law degree, I handle these matters with knowledge and sensitivity. I am familiar and comfortable with both the Miami-Dade probate court system and Broward County probate court and I know how to get things done. I handle both estate planning and probate cases, thus, I am familiar with the challenges of each and provide my clients with additional protections. Call or email me today to discuss your matters. I am happy to help you and your loved ones during this important process.