Quote:
Originally Posted by bowlingal
absolutely you need to revise your will here in Florida and you need an attorney to do it. Do not use an internet piece of paper. Also, you need a trust here as probate will take a long time and cost lots of money. I used Patrick Smith in Fruitland Park for a trust....cost $695. The attorneys in the villages charge thousands for the exact same thing. Be wise.
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Not everyone needs a trust. Trusts are pushed because guess who makes money off of creating and administering trusts? The lawyers of course. We used an elder law attorney in Florida and based on our situation, we do not need a trust. He said if you have real estate out of state you want a trust. We have mostly qualified money and that cannot be placed in a trust. We were instructed to make sure we have designated beneficiaries on all accounts. On our house we got a Ladybird deed which names direct beneficiaries. When one of us dies, the death certificate is presented to all institutions and all is quickly directly distributed to beneficiaries at no administrative cost. This was what I used to help my parents with setting up their estate and probate was avoided.
I am not a lawyer so I recommend consulting a Florida Attorney for your individual circumstances. Just letting people know you might not need that expensive trust so you can question if it is truly necessary. Some lawyers may want to sell you one anyway. But two different states and the good lawyers we went to said no trust needed for our situation.