A common question we encounter in estate planning revolves around flexibility: "Can an irrevocable trust be changed?" While the nature of an irrevocable trust is rigid, there is significant flexibility when it comes to creating  one using assets you already own. Specifically, many clients ask if they can change ownership from a revocable trust  to an irrevocable trust  at any time. The short answer is yes . Because a revocable trust allows you to maintain control of your asse

Inheriting a home from a parent is a significant life event, but it often comes with complex questions—especially if the property is in a revocable trust and has an existing mortgage. If you are a beneficiary ready to make the home your primary residence, you might be asking: Can I just keep paying the mortgage? Do I have to refinance? This guide breaks down exactly how the situation works under Florida law and federal statutes based on expert insights. 1. How the Transfer of

Estate planning is a crucial step for protecting your assets and ensuring your wishes are carried out smoothly. But one of the most...

Discover how a revocable living trust in Florida can help your beneficiary avoid capital gains tax with a step-up in basis and bypass probate. Learn the benefits today!