Living Trusts

Create a lasting legacy for your heirs with a living trust
Contact Us Today

Living Trusts Attorney In Hollywood, Florida

What Is A Living Trust?

Living trusts are an essential component of estate planning that can be established and funded during your lifetime. Unlike testamentary (contingent) trusts, which only take effect upon your death, living trusts offer a cost-effective and streamlined method to ensure your heirs' needs are met, offering you complete peace of mind. While you are still alive, you maintain complete control over the assets within your trust as if they were still under your name. Michael Greenwald, P.A., an experienced attorney in Hollywood, Florida, is available to offer detailed insights into living trusts.

Contact Michael Greenwald, P.A. to schedule a consultation with a lawyer today. 954-289-6318

What Benefits Do Living Trusts Provide to My Heirs?

Living trusts present an efficient way of securing your children's or other heirs' financial future, bypassing the time-consuming and expensive probate process. This can be particularly advantageous if your heirs reside at a distance, simplifying the paperwork involved. Moreover, living trusts can potentially reduce the tax burden for your heirs, lifting financial concerns during a period when their energies would be better devoted to navigating the grieving process. If you wish to explore this further, feel free to schedule an appointment with Michael Greenwald, P.A. Based in Hollywood, Florida, Michael carries over two decades of experience in the field of Estate Planning Law.

Does a Living Trust Benefit Me Now?

Retaining full control over the assets you place into a living trust, this legal mechanism also offers provision for your needs in the event of a disability. Without a living trust or financial power of attorney, probate court could end up determining how your family takes care of you. However, with a living trust, you're able to designate a trustee—usually a family member or trusted friend—to manage your assets should you become disabled. The living trust is revocable, allowing you to modify its provisions or even revoke it entirely depending on your shifting needs. It stands as one of the most straightforward and potent means to ensure that your loved ones can manage your assets when you're unable to do so. Experience the tranquility that comes with a well-crafted living trust. Discuss your needs in a consultation with Michael Greenwald, P.A., an established figure in estate planning law in Hollywood, Florida.

Contact Us Now
Share by: