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Attorney Jeffrey P. Coleman answers if a trust provides any protection to assets that are within it. Video Transcript: A revocable living trust (because by its nature can immediately be undone by you) is not something that provide asset protection. It may provide one small hurdle over which a ...
Attorney Jeffrey P. Coleman answers whether or not assets are protected from creditors when they are placed into your trust. Video Transcript: A revocable living trust does not necessarily protect your assets from creditors. The revocable living trust (because you can affect changes to the trust) is still considered your ...
Attorney Jeffrey P. Coleman explains the degree of public availability of a revocable living trust under Florida law. Video Transcript: A revocable living trust has an additional benefit that wills might not necessarily afford. That is the benefit of privacy. That means that although the public may become aware of ...
Attorney Jeffrey P. Coleman clarifies if someone can continue to control their property if that property is in a revocable living trust. Video Transcript: If you have a revocable living trust and you are acting as your own trustee, then it is absolutely certain that you will have control over ...
Attorney Jeffrey P. Coleman list a few situations when having a living revocable trust already set up can prove to be useful. Video Transcript: A revocable living trust has a number a different positive benefits. It can assist in the avoidance of probate. It can also be there should it ...
Attorney Jeffrey P. Coleman explains the relationship between someone and their revocable living trust. Video Transcript: A revocable living trust is the document that is created. It is a contract with yourself, if you will, and you are establishing yourself typically as your own trustee. You then transfer assets into ...
Attorney Jeffrey P. Coleman defines what a trustee is and points out the most important factor when choosing a trustee. Video Transcript: A trustee is that person designated, under your trust, to take care of things. In the beginning in a living trust, the trustee will frequently be yourself. When ...
Attorney Jeffrey P. Coleman describes what to consider when choosing an executor, a personal representative or trustee when creating a trust. Video Transcript: In the situation of selection of executor or personal representative, we recommend frequently that there be a family member identified in that position. In some circumstances it ...
Attorney Jeffrey P. Coleman explains how to fund a trust and why it is necessary fund it for an effective estate plan. Video Transcript: In order to fund the trust it’s necessary to place assets into that trust. Think of it as some kind of container that you’re using ...
Attorney Jeffrey P. Coleman describes those who can benefit from creating a trust. Video Transcript: Both the person creating the trust and the beneficiaries of that trust can reap substantial benefits from the creation of a trust. Avoidance of certain aspects of probate can be just one example of ...
