The average person usually doesn’t know much about how their assets are distributed at the end of their life. How is the will handled? What does probate even mean? How can a revocable trust help you in the probate process?
These are all very good questions. This uncertainty is why you need to have them answered by an experienced Daytona Beach probate attorney.
What Is Probate?
When someone dies, the legal process of finalizing their estate and last wishes is called probate. During this process, a deceased person’s assets and debts are administered by the probate court. If there is a Last Will and Testament, that document will control what happens to the assets. If there is no Last Will and Testament, the assets will pass to the heirs at law.
In Florida, a probate case must be handled by an attorney. In addition to the attorney fees, there are additional costs such as filing fees. The process can also be time consuming.
A Revocable Trust is designed to help avoid the costly and time consuming probate process.
An estate planning attorney in Daytona Beach will be able to help you set one up.
How a Daytona Beach Probate Attorney Helps with Revocable Trusts
A revocable trust is a document that, like a Will, will determine the recipients of your assets when you pass. However, by placing you assets in the trust, your beneficiaries will be able to obtain the assets without a lawyer or a court! You will name someone you trust, a Trustee, to be in charge of this process.
The Law Office of Debra G. Simms will guide you through the process of setting up a Revocable Trust.
