Will vs. Trust

Wills

  • A Will allows transfers of property to your beneficiaries when you pass
  • In a Will, you, and not the State of Florida, get to name your beneficiaries
  • A Will permits a parent to name a guardian
  • A Will permits you to name your Personal Representative (Executor)
  • A Court process called Probate will be necessary to transfer your assets when you pass

Revocable Trusts

  • Like a Will, a Revocable Trust allows transfers of property to your beneficiaries when you pass
  • Like a Will, you, not the State of Florida, get to name the beneficiaries
  • With a Revocable Trust, you can plan for future incapacity by designating a Trustee to manage your assets
  • With a Revocable Trust, your beneficiaries will not have to be involved with Probate in order to receive title to your assets when you pass
  • A Revocable Trust does not require any court filings so your assets and values remain private
  • A Revocable Trust is harder to challenge.

Questions? The Law Office of Debra Simms is here to help. Call us today 386.256.4882

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