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Category Archives: Trusts

lawyer talking about a special needs trust in naples florida

The Ins and Outs of a Special Needs Trust in Naples, Florida

By Nici Law Firm, P.L. |

When it comes to estate planning, creating a supportive environment for loved ones with disabilities is a priority for many families. In Naples, Florida, setting up a Special Needs Trust (SNT) is a crucial strategy to ensure that individuals with disabilities receive the care and support they need without jeopardizing their eligibility for essential… Read More »

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Does the Trustee File Tax Returns For a Trust

Does the Trustee File Tax Returns For a Trust?

By Nici Law Firm, P.L. |

If you wonder “does the trustee file tax returns for a trust,” the answer is yes! Trustees play a leadership role in the administration and management of a trust. Filing taxes is one of the many jobs a trustee must complete. Here in Naples, Florida trust lawyer James Nici can help a trustee understand… Read More »

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charitable trust lawyer

Tell Me About Charitable Trusts

By Nici Law Firm, P.L. |

Charitable trusts are legal entities designed to support charitable causes. They allow individuals to donate assets, such as cash or property, while retaining some control over how the funds are used. Charitable trusts offer tax benefits and are a powerful way to leave a lasting impact on the causes you care about. Including one… Read More »

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concept of trust fund baby. Lawyer discussing with client

What is a Trust Fund Baby?

By Nici Law Firm, P.L. |

The term trust fund baby brings to mind the stereotype of rich, spoiled young people who live off a trust set up by wealthy parents or a rich uncle. The stereotype is of entitled individuals with no work ethic. However, not all trust fund recipients fit this stereotype. In fact, most do not. Rather,… Read More »

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lawyer discussed about fiduciary relationship to female client

What is a Fiduciary Relationship?

By Nici Law Firm, P.L. |

A fiduciary relationship is one in which one party, called the fiduciary, has the legal duty to act in another party’s best interests. The fiduciary is expected to put the needs of the other party first. There are many different types of fiduciaries in Florida, including bankers, financial advisers, lawyers, doctors, and accountants. Examples… Read More »

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Couple Consulting With Professional Notary In Office

What is a Trustee for a Trust?

By Nici Law Firm, P.L. |

Trusts are a popular estate planning tool. Before you decide whether to include a trust in your Naples estate plan, it is important to have a clear understanding of the three parties involved in a trust, which include the grantor, the beneficiary, and the trustee. The grantor is the individual who creates the trust,… Read More »

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Woman Helping Senior Man To Complete Last Will And Testament At

Benefits of a Revocable Trust

By Nici Law Firm, P.L. |

A revocable trust is a type of trust that can be changed or revoked by the grantor (the person who creates the trust) at any time. Many individuals chose to include a revocable living trust as part of their Naples estate plan because of their many advantages. Below are seven benefits of having a… Read More »

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trust administration provided by lawyer to client

What is Trust Administration in Florida?

By Nici Law Firm, P.L. |

Florida trust administration is the process by which a trustee executes a trust’s terms and manages the assets within a trust. It is not court-supervised. The trustee is given certain powers and responsibilities under Florida law. Trust administration can be complicated, so if you are a trustee, it is helpful to reach out to… Read More »

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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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