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Category Archives: Trusts

couple discussing with lawyer about estate plan

Real Estate Can Be Put in a Trust

By Nici Law Firm, P.L. |

Trusts are valuable estate planning tools that have many different uses. Without the help of a attorney well versed in trusts, it can be difficult to know when to use a trust, what type of trust to create, and what property to transfer into the trust. One question that often arises is whether you… Read More »

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charitable trust in naples

What is a Charitable Remainder Trust?

By Nici Law Firm, P.L. |

A charitable remainder trust (CRT) is a type of irrevocable trust that creates an income stream to a named beneficiary (yourself or other named beneficiaries) for a specified term of up to 20 years or the life of one or more beneficiaries. At the end of that period, the remaining assets in the trust… Read More »

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supplemental trust

What is a Special Needs Trust or Supplemental Needs Trust?

By Nici Law Firm, P.L. |

Simply put, anyone who has a disabled child or family member can benefit from the use of a supplemental needs trust. A supplemental needs trust, sometimes also referred to as a special needs trust or an SNT, allows a family to provide additional assets to the disabled individual without endangering the benefits the disabled… Read More »

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irrevocable trust lawyer

Advantages of an Irrevocable Trust in Naples, FL

By Nici Law Firm, P.L. |

When considering your estate plan, there can be advantages of an irrevocable trust. It can provide you with solid protection for your assets while offering certain valuable protections. Creating an estate plan in Florida takes careful consideration and knowledge, and knowing if you should have an irrevocable trust will require the advice of an… Read More »

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living trust contract

How Do you Dissolve a Trust in Naples FL?

By Nici Law Firm, P.L. |

People create trusts for a range of reasons, but their basic purpose is primarily to hold assets or property outside of an estate. A trust exists to serve the needs of the beneficiaries until it is no longer needed. But if the trust isn’t serving those needs, or it wasn’t set up properly, it… Read More »

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lawyer discussing about estate planning to couples

Types of Trusts in Estate Planning

By Nici Law Firm, P.L. |

One of the easiest ways to ensure that your assets are handed down to your beneficiaries is to establish at least one trust in your estate plan. Aside from a will, trusts are also one of the best ways to ensure that your affairs are handled in the way you dictate. You’ll avoid handing… Read More »

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two people discussing about charitable trust

Two Types of Charitable Trusts

By Nici Law Firm, P.L. |

A charitable trust refers to a type of trust created to benefit three specific parties: yourself, your beneficiaries, and a charity of your choosing. Irrevocable upon creation, a charitable trust operates by selling the assets within the trust and distributing them based on the terms created by the trust. While the inner workings of… Read More »

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Trusts

What Is A Florida Revocable Living Trust?

By Nici Law Firm, P.L. |

When most people think about estate planning, they will execute a will and be done with the entire process. In reality, there are multiple different types of estate planning instruments, and many will actually serve your purposes much better than a simple will. One of these instruments is a trust, and perhaps the most… Read More »

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