Legal Question in Wills and Trusts in Florida

husband and wife have all assets (EXCEPT RESIDENCE) jointly held with right of surveyor-residemce is put into a revocable trust with wife as only guarantor----should other jointly held assists also be listed in the wife,s trust?

Leonard walters

Asked on 9/21/13, 9:50 am

2 Answers from Attorneys

David Slater David P. Slater, Esq.
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No. You would have to change title.

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Answered on 9/21/13, 9:57 am
Barry Stein De Cardenas, Freixas, Stein & Zachary
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You really need to consult with an attorney to determine whether your financial situation justifies the transfers. The transfer to the trust is usually a probate avoidance matter. You need to determine whether the handling of assets in that fashion is better for you and your family.

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Answered on 9/21/13, 10:00 am

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