Revocable trusts, which are sometimes referred to as revocable living trusts, offer many benefits with the primary one being the ability to control your assets during your lifetime. Of course, the other main benefit is the ability to dissolve the trust if and when necessary. There are, of course, other advantages as well as some disadvantages that you should consider. At VIA Lawyers, we want you to make the best decisions about your assets and estate planning. During a introductory discovery consultation, our revocable trust lawyer will listen to your wants and expectations and will advise you accordingly. Contact us either online or at 305-425-1565 to learn more about the opportunities trusts can offer you.
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When a couple divorces in Florida, their debt and marital property – the property they have accumulated and shared during their marriage – is subject to property distribution. Depending on your jurisdiction, it is either split equally (community property states) or equitably (equitable distribution states). Florida is an equitable distribution jurisdiction. Sometimes, marital property includes a business that the couple started together or, alternatively, one spouse started either before or during the marriage and continued to grow during the marriage. The business, under these circumstances, will also likely become subject to property division unless you take steps to safeguard it. Read more on how to safeguard your business.