Trusts

Florida Trust Lawyers

Future Planning with the Right Legal Tools

You can place certain assets of your estate into a trust for legal safekeeping. Making a trust that works for you and your family is a little more complicated than it sounds, though. You will likely have various types of trust from which to choose based on your assets and intentions. To eliminate the guesswork in making a trust as part of your estate plan, call on the Florida trust attorneys of The Dellutri Law Group, PA. We make creating a trust simple, whether it is the body of your estate plan or just one part of it, by walking you through everything, step by step.

Call (800) 391-4337 or contact us online to learn more.

Main Functions of a Trust

When a trust is created, it acts as a contract between the person who made the trust – called a grantor or settlor in many legal contexts – and the trustee. Until the trust is to be acted upon, the trustee has the unique task of holding or overseeing the assets and instructions in the trust.

There are many benefits made possible through a legally sound trust, including:

  • Avoiding probate when you pass away, allowing your estate to be distributed sooner
  • Uncovering and using methods to lower your estate tax, giving your finances to your family
  • Creating plans in the event that you become disabled or incapacitated
  • Distributing certain assets to named beneficiaries

Many people prefer trusts because a trust can distribute property to beneficiaries while the grantor is still alive. However, trusts can also trigger upon the grantor’s passing if preferred.

Revocable Trusts & Irrevocable Trusts

A revocable trust is one that can be changed at the grantor’s wishes. Many people use revocable trusts if they create them earlier in their life and know that changes might be necessary later. For example, the growth of your wealth or family could warrant adjusting the details laid out in a revocable trust.

An irrevocable trust is a trust that is essentially “set in legal stone” once it is made. There can be no additions, changes, or deletions to the trust once it is created, so it is important not to rush into making one. You should only prepare an irrevocable trust with an experienced trust attorney like ours. The main benefit of making an irrevocable trust is that it allows assets contained within it to become effectively separate from the grantor’s assets, which can be a boon for tax implications and other issues that affect items in a revocable trust. The downside being, of course, that it cannot be changed once finalized.

How to Fund a Trust

Placing an item into your trust is called “funding” it. By funding a trust, you will make it so that any assets placed into that trust will be controlled by the trust’s terms and conditions. We recommend you work closely with our attorneys when deciding how to fund your trust and in what order.

How an asset can be placed into a trust depends on its type, such as:

  • Financial accounts: To fund a bank account, you usually must transfer funds from your private account into your trust.
  • Titled assets: Vehicles and other pieces of property with titles are usually funded once you get a new title that lists the trust as the owner, not you.
  • Real estate: Quitclaim deeds are usually needed to place real estate into a trust. You might also have to work with a third party like a bank or homeowners’ association to fund the trust with real estate if you are still paying off your house or belong to an HOA.
  • Miscellaneous property: Assets with no title, which might be most of your valuables, can be funded into a trust by signing an official Assignment of Property documents.

Trust in Our Florida Trust Attorneys

There is no better time than today to think about your future and that of your loved ones. Creating a trust might be exactly what you need to do to start planning and give yourself peace of mind. The Dellutri Law Group, PA would be happy to help you discover all the benefits of a trust and which one would likely be best for you.

Contact us online or call (800) 391-4337 to speak with a Florida trust lawyer.

The Dellutri Difference

  • A Healthy Firm Culture

    When our employees are happy to come to work, we know that they are capable of overcoming any challenge on behalf of our clients.

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    We believe that our clients deserve clear and consistent communication every step of the way, without any unnecessary "legalese."

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    In order to give back to our community, each employee at our firm is granted the opportunity to sponsor a charitable cause of their choosing.

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    Our dedicated team of lawyers, paralegals, assistants, & staff have been fighting on behalf of our clients since 1998.

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Meet Your Attorneys

Committed to Making Our Community a Better Place
  • Carmen  Dellutri Photo
    Carmen Dellutri

    Attorney

    If you know Carmen Dellutri, you know he is passionate about a lot of things. He gives back often- to his community, his employees, and his loved ones. Carmen has mentioned time and time again that the reason he became an Attorney, and specifically a Personal Injury and Bankruptcy Attorney, is because he loves to help others.
  • Amanda  Downing Photo
    Amanda Downing

    Attorney

    Amanda Downing doesn’t mince words and says what she means when it comes to the opposing side. She has the biggest heart and will fight tooth and nail to bring justice for her clients. “I hate having to go to bat for those victims, because they never should have been put in that situation to begin with. It’s just completely unfair.”
  • David  Lampley Photo
    David Lampley

    Attorney

    David Lampley is a father of four. He knows that becoming a father has strengthened his professional life. He has greater compassion for parents who have to move life around to accommodate their children. “I wish other attorneys would remember that people who come to them looking for advice are parents too, just trying to do what is best for their families.”

  • David W. Fineman Photo
    David W. Fineman

    Attorney

    Before David W. Fineman became an attorney, he was a deputy for CCSO and PGPD. David’s lifelong devotion to helping others, mixed with his empathy for people going through hard situations, is what makes him a fantastic attorney. Being a man of his word is something David stands by and you can always count on him to get the job done and get it done right!
  • Joe  LoTempio Photo
    Joe LoTempio

    Attorney

    Joe LoTempio is referred to as the office superhero to many of our clients who need defending against evil creditors in our consumer protection department. Joe has always had a passion for standing up for those who need a voice, protection, and justice after being taken advantage of, so it’s no shock as to why he decided to go into consumer law.
  • Mark  Martella Photo
    Mark Martella

    Attorney

    Mark Martella was born and raised in the town of Belleville, New Jersey, a suburb of New York City, in a small, tight knit, Italian-American community. Mark is licensed to practice in all state courts in the state of Florida as well as the United States District Court for the Middle District of Florida. He is also licensed in the State of New Jersey and Commonwealth of Pennsylvania.
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