Articles Posted in trust

By Phil Rarick,  Trust and Business Law Attorney Note:  Our firm, Rarick Trusts & Wills, P.A., is dedicated to helping families protect their hard-earned wealth regardless of size – we provide basic estate planning for families with modest savings and advanced planning for those with substantial wealth. _____1.           Asset Protection.  Do you have any rental…

What Happens if a Trustee Dies in Florida? By Phil Rarick, Miami Trust Attorney and Jasmine Benitez, Legal Assistant If you’re the beneficiary of a trust — or you’ve created one — and wonder what happens when a trustee passes away in Florida, you are not alone. This is a common concern, and thankfully, Florida…

Curve Balls to Watch for In New Florida Trust Director Law By Phillip B. Rarick, Miami Trust Attorney, and Hannah S. Rarick, J.D. Candidate Effective as of last year July 1, 2021, Florida is now 1 of 15 states to enact the Uniform Directed Trust Act (FUDTA), F.S. §§736.1401 to .1416, that allows a third…

______ #1. Trust Funding. After we signed your trust, we reviewed the funding of your trust and I gave you detailed Funding Notes. Have you followed up on these instructions? Funding is simply the transfer of your assets into your trust. It is a good idea to annually review the funding of your trust. It…