Florida Land Trust Attorney

The florida land trust if often misunderstood by individuals and lawyers and most believe it provides great asset protection to the beneficiary.

Florida land trust attorney.

There is a fee for setting up a new trust for a client and an annual fee to serve as your trustee. When you need justice the bouis law firm will protect your rights. Land trusts are a unique asset protection tool for real estate holdings. Land trusts are only available in a number of states and florida s land trust laws were adopted to mirror illinois which is the originator of the land trust concept.

Your tampa bay lawyer. While this is true often the bigger issues are that the beneficiary can create a liability that attaches to the property in the florida land trust. Land trusts for florida properties. Land trust services land trust service corporation offers land trust trustee services.

This means that for a fee we will serve as trustee of your florida real property just as any bank trust company or attorney would. The material and information contained on these pages and on any pages linked from these pages is intended to provide general information only and not legal advice. This is why you need an experienced florida trust and estate planning attorney as your partner and guide. The two reasons it is not used by every investor are that few know much about it and those who know about it do not know where to obtain trust services at a reasonable cost.

You should consult with an attorney licensed to practice in your jurisdiction before relying upon any of the information presented here. The florida land trust is an amazing device which offers numerous benefits to property owners. Some think that this type of legal planning is only for the wealthiest of americans. Trust and estate planning is a term that is all too often misunderstood and this can lead to needless heartache and complications for families.

Florida land trusts operate under section 689 071 of florida law also known as the florida land trust statute or the florida land trust act. A land trust agreement is a legal agreement under which the trustmaker appoints another person to serve as trustee and the trustee holds legal title to real estate property for the benefit of the. Orlando estate planning attorney.