Living Trusts

Living Trusts Attorney In Orlando, Florida

What Is A Living Trust?

David Scott Glicken and Timothy Wilson, hailing from Orlando, Florida, are proficient in the world of Estate Planning Law. Their adeptness encompasses living trusts, a type of estate planning tool that you can initiate and support even while you're alive. Contrarily, a testamentary (contingent) trust only comes into play after you pass away. Embarking on a living trust is a cost-effective and streamlined process that ensures the well-being of your heirs, providing you with utter tranquility of mind. You'll maintain full authority over the assets within your trust as though they were still under your name, even as you live. This means that you'll retain complete control over how your assets are used and distributed.

Not only does a living trust offer peace of mind, but it also allows for privacy in the distribution of assets. Unlike a will, which becomes part of the public record after death, a living trust remains private. This can be especially beneficial for those with high-value estates or complex family dynamics.

But what exactly is a living trust? Essentially, it's an agreement between the person creating the trust (known as the grantor) and a designated trustee who manages the assets within the trust on behalf of the beneficiaries. The grantor can also serve as their trustee if they wish to maintain full control during their lifetime.

Get in touch with David Scott Glicken and Timothy Wilson, your committed living trust attorneys, to uncover more.

What Benefits Do Living Trusts Provide to My Heirs?

Does a Living Trust Benefit Me Now?

David Scott Glicken and Timothy Wilson, both seasoned Law attorneys residing in Orlando, Florida, offer a concrete solution for your needs: the living trust. This legal structure allows you to retain absolute charge of the assets you pour into it, making it a flexible tool for asset management.

If a disability comes knocking, it's comforting to know that a living trust will ensure your needs are looked after. Without having such a trust or a financial proxy, the probate court could potentially have sway over how your family takes care of you.

Designating a trustee – usually a trusted companion or a relative – through a living trust, provides for administration of your assets should disability set in. The beneficial aspect of a living trust lies in its revocability: you can freely modify the terms or altogether nullify it, depending on how your needs evolve.

The living trust stands as a simple yet robust legal tool for ensuring that your loved ones may manage your assets when you are unable to do so. Discover the tranquility that accompanies a secured living trust. We invite you to discuss your needs further in a consultation with either David Scott Glicken or Timothy Wilson.