As regular readers of our Brevard County Legal Blog know, we recently wrote in this space about why a revocable living trust might be right for you and your family. We know from past experience that many people understand that probate can be a long, difficult and expensive process that adds to a family’s burden in a difficult time, but they are not sure how a revocable trust helps to avoid probate.
Do you need to update your will?
Creating a will is one of the most important steps you can take in your adult life, offering your loved ones and beneficiaries clear understanding of your wishes for your property and your legacy. Once you create your will, you may feel some relief, but it is important to understand that your will requires occasional maintenance in order to remain effective.
Why a revocable trust might be right for you and your family
It is simply true that the vast majority of people who have accumulated substantial financial assets in Brevard County did not do so by accident. Rather, they worked hard, saved, invested wisely or ran a successful business.
What are Florida probate assets?
As our Brevard County readers undoubtedly know, Florida probate is a court-supervised process in which assets are identified, gathered and then distributed to beneficiaries. Those assets will also be used to cover the cost of probate, funeral expenses and outstanding debts before the remainder is distributed.
