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Jurado & Associates, P.A. Your Trusted Florida Probate Lawyers (305) 921-0976 Romy@juradolawfirm.com

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Probate

How to Prevent Your Property from Getting Caught in the Probate Process in Florida

ByRomy Jurado Hours July 11, 2025June 2, 2025

When someone passes away in Florida and leaves a will, many family members believe that the document alone is enough…

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Avoiding Probate for Real Estate
Probate

How to Avoid Probate for Your Real Estate

ByRomy Jurado Hours July 9, 2025July 10, 2025

Probate is the legal process through which a will is validated, and a deceased person’s assets are transferred to their…

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Property inheritance planning in Florida
Estate Planning Probate

How to Plan the Inheritance of Your Property in Florida

ByRomy Jurado Hours July 7, 2025May 29, 2025

Planning the inheritance of your property in Florida is one of the most important decisions you can make to protect…

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Tenants during a probate with a will
Probate

From Tenants to Heirs: How Probate Will Affect Occupants of a House

ByRomy Jurado Hours July 4, 2025May 29, 2025

In estate and succession planning, one common question is what happens to the occupants or tenants of a property after…

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Will Probate in Multiple States
Probate

Do You Own Properties in Different States? How Will It Affect Probate?

ByRomy Jurado Hours July 2, 2025May 28, 2025

If you own real estate in more than one U.S. state, you may wonder how this impacts the probate of…

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conflicts among heirs in real estate
Probate

Disputed Real Estate: How to Manage Conflicts Among Heirs

ByRomy Jurado Hours June 30, 2025May 28, 2025

Disputes among heirs over real estate are a common situation that can cause stress, delays, and high legal costs during…

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Protecting Real Estate Investment with a Will in Florida
Estate Planning Probate

How to Protect Your Real Estate Investment with an Effective Will

ByRomy Jurado Hours June 27, 2025June 13, 2025

Investing in real estate is one of the most important financial decisions you can make. In Florida, many people acquire…

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Transferring Real Estate Without Probate
Estate Planning Probate

How to Transfer Real Estate Without Probate Complications

ByRomy Jurado Hours June 25, 2025May 28, 2025

The transfer of real estate after a person’s death can be a complicated, lengthy, and costly process if not properly…

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Debts After Death
Estate Planning Probate

What Happens to Debts After Death?

ByRomy Jurado Hours January 6, 2025December 9, 2024

When a person passes away, many questions arise about how their assets and debts will be managed. Handling the deceased’s…

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Retirement Accounts in the Probate Process
Probate

How Retirement Accounts Are Handled in the Probate Process

ByRomy Jurado Hours December 9, 2024December 4, 2024

Retirement accounts, such as 401(k)s and Individual Retirement Accounts (IRAs), are essential tools for long-term financial planning. However, they also…

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Intestate Succession in the United States
Probate

How Is Succession Managed When Someone Dies Without a Will?

ByRomy Jurado Hours November 18, 2024November 1, 2024

When a person dies without leaving a will, they are considered to have died “intestate.” This means they did not…

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A revocable trust is a popular estate planning tool that allows an individual (called the “grantor”) to transfer their assets into a trust, which is managed by a trustee for the benefit of the grantor and their heirs. Unlike an irrevocable trust, a revocable trust can be modified or even dissolved at any time during the grantor's lifetime. This type of trust offers several significant benefits, making it an attractive option for those seeking more control and flexibility over their assets. Below, we explore the primary benefits of establishing a revocable trust. Avoiding Probate One of the main benefits of a revocable trust is that it helps avoid the probate process. When assets are held in a trust, they are not subject to probate upon the grantor’s death, saving time and money for the beneficiaries. Additionally, probate can be a public and complex process, but a revocable trust allows for a quicker and more private transfer of assets to heirs. Flexibility and Full Control The revocable trust offers the grantor the ability to modify or revoke the trust at any time, as long as they are alive and mentally capable. This means you can change beneficiaries, add or remove assets, or even dissolve the trust if your circumstances or wishes change. This level of flexibility allows the grantor complete control over their estate, making adjustments as necessary. Incapacity Protection Setting up a revocable trust can provide protection in the event the grantor becomes unable to make decisions due to illness or accident. In this case, the trustee designated in the trust can take control of the assets and manage them for the grantor’s benefit, ensuring medical expenses and other important financial matters are covered. This protection is particularly useful for those planning for the long term and aiming to avoid the need for a guardianship in case of incapacity. Privacy Unlike a will, which becomes a public document during probate, a revocable trust remains private. This means that details about assets and beneficiaries are not publicly disclosed, which can benefit those who wish to keep their financial and family information confidential. Privacy is especially important for individuals with high-value assets or complex family situations. Cost Savings While setting up a revocable trust may involve initial legal advice and document preparation costs, this type of trust can save money in the long run. By avoiding the probate process and minimizing associated legal fees, beneficiaries can receive their assets more quickly and economically. Additionally, the costs associated with incapacity are reduced by avoiding the need for additional court processes to manage the estate if the grantor can no longer make decisions. Eases Distribution of Assets to Beneficiaries A revocable trust allows for a quicker and more specific distribution of assets to beneficiaries. With this type of trust, the grantor can set specific rules on how and when assets should be distributed, which is useful for families with minor children or beneficiaries who may need ongoing management. This flexibility also allows the grantor to make special provisions for beneficiaries with particular needs or to plan donations to charitable causes. Possibility of Conversion to an Irrevocable Trust While the revocable trust provides flexibility during the grantor’s lifetime, it also offers the option of converting to an irrevocable trust after the grantor’s death. This allows beneficiaries to benefit from additional advantages, such as greater asset protection and tax planning. A revocable trust can be designed to automatically become irrevocable upon death, ensuring that assets are protected and control over distribution is maintained. Ready to Protect Your Estate? Discover the Benefits of a Revocable Trust! Benefits of a Revocable Trust
Estate Planning Probate

Benefits of a Revocable Trust: Protection and Flexibility for Your Estate

ByRomy Jurado Hours October 30, 2024October 28, 2024

A revocable trust is a popular estate planning tool that allows an individual (called the “grantor”) to transfer their assets…

Read More Benefits of a Revocable Trust: Protection and Flexibility for Your EstateContinue

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  • Home
  • Team
    • Romy B. Jurado, Esq.
    • Diana L. Collazos, Esq.
  • Probate
    • Formal Administration
    • Summary Administration
    • Disposition Without Administration
    • Probate for Foreign Nationals
    • Probate Services for Realtors
    • Guardianship Probate Services
    • Homestead Property Protection in Florida
  • Estate Planning
    • Wills
    • Trusts
    • FAQ
  • Blog
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Phone (305) 921-0976Email [email protected]

10800 Biscayne Boulevard
Suite 850
Miami, Florida 33161

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