A Florida Property Trust is a valuable tool for property owners who want flexibility, privacy, and peace of mind knowing what will happen to their property should they pass away or become incapacitated. Below is a brief explanation how a Florida Property Trust is formed, some of the benefits, and how it works.
A Florida Property Trust is formed by recording a Deed, which transfers the real estate to the named Trust. A trustee then holds title to the real estate on behalf of one or more beneficiaries. The names of the beneficiaries are not named in the recorded instrument, thereby providing privacy. The trustee holds title but makes no decisions affecting the property except as directed by the Beneficiaries. The Beneficiaries in turn get to use the property just as if they owned it outright.
Please fill out the trust questionnaire completely. Our Florida Property Trust Agreement contains provisions for the trustee to manage the property on behalf of the beneficiaries – just as if ownership has not changed. Select successor trustees to manage the property if the primary trustee is unavailable. Select one or more beneficiaries of the trust and the percentage of the property they receive. You may leave any special powers or desired restrictions in the Special Instructions box below.