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Daily Archives:Friday, December 12, 2014

Trust Options For Florida Estate Planning

December 12, 2014

There are two main types of trust that an individual may choose from when creating an estate plan. The first type of trust is referred to as a living trust, and its terms may take effect while a person is still alive. Alternatively, a testamentary trust may be established, which is part of a will and takes effect after an individual passes on.

A trust may be either a revocable trust or an irrevocable trust. Revocable trusts can be changed at any time, and the person who creates the trust can change its terms….