If you live in Boca Raton, Florida, you’re part of a vibrant and sophisticated community known for its pristine beaches, luxury real estate, and upscale lifestyle. Whether you reside in a coastal estate, an elegant country club community, or a downtown condo near Mizner Park, Boca Raton offers an exceptional quality of life for families, professionals, and retirees alike. To ensure your assets—whether local property, investments, or retirement funds—are preserved and passed down according to your wishes, it’s essential to build a thorough estate plan with the help of a trusted legal advisor.

One powerful estate planning tool is the revocable trust, which allows you to maintain control of your assets and make updates to your plan as your circumstances change—something an irrevocable trust does not offer. At The Millman Law Group, Aaron D. Millman, Esq., CPA, helps Boca Raton residents craft personalized estate plans designed to safeguard their legacy and support their family’s long-term needs.

If you’re ready to explore your estate planning options or want to establish revocable trusts in Boca Raton, contact The Millman Law Group today to schedule a consultation with a skilled estate planning attorney.

How to Add a Revocable Trust to Your Florida Estate Plan 

Since most individuals find revocable trusts in Boca Raton to be flexible, your estate planning attorney may suggest that you establish one in Florida. An asset’s title ownership changes and the trust takes over as the new owner when you transfer it into your living trust.

Until you choose someone else, you remain the trustee as long as you are alive. A new trustee is selected in the event that you become incompetent or die. In addition to the revocable trust, you may also need to prepare a will. Additionally, because the trust is in your name, it is vulnerable to creditors and does not provide tax benefits while you are still living. 

The Advantages of Revocable Trusts in Boca Raton 

For a number of reasons, you may want to think about establishing a revocable living trust in Florida. This trust can help you in the following ways: 

• Avoid Guardianship Court: If your assets are in a trust, guardianship is not required.
• Retain Control: You have more control over the distribution of assets thanks to your living trust. If a trust is maintained until the recipient reaches the age of majority, you can specify whether the trust will be distributed immediately or gradually.
• Safeguard Beneficiaries’ Assets: To shield the trust from creditors, you may incorporate a “spendthrift provision.” 
• Avoid Probate Court: Put assets under a trust instead of your name to help your family avoid probate. 
• Benefit Individuals with Special Needs: The inheritance is taken into account when assessing a beneficiary’s eligibility for government benefits if they depend on Medicare or other government support. Instead of excluding someone from eligibility, the assets might enhance the benefits when utilizing a special needs trust.
• Provide for Minors: You must designate a guardian if a minor receives more than $15,000. By placing the inheritance in a trust, you can avoid this requirement. 

If you have assets that are normally subject to probate, a Florida revocable trust makes sense as a replacement. It might also be wise if one of the beneficiaries is a minor who is incapable of managing big sums of money. Regardless of how you choose to divide your possessions, a revocable living trust helps ensure that your wishes are followed. 

Explore Additional Estate Planning Tools 

Your Florida estate planning attorney from Millman Law Group might recommend additional estate planning resources to help you accomplish your goals. You may find the following estate planning resources useful: 

• Durable Power of Attorney
• Spendthrift Trusts
• Special Needs Trusts
• Medicaid Planning
• Living Wills
• Veterans Administration Benefits
• Life Insurance Trusts

Give your Millman Law Group attorney a call if you’re prepared to draft your best estate plan.

What Do Our Clients Say? 

Read some of our client testimonials to find out more about the help and support we provide to our clients in Florida: 

• “Mr. Millman is wonderful. He assisted my family immediately and relieved us of a lot of stress and uncertainty. He answered all of our questions thoroughly and walked us through the process step by step seamlessly. I would recommend him to anyone in need of an estate attorney. Thank you so much, we are very appreciative!” – Jillian Ritter
• “Aaron Millman is the best estate lawyer to set up and amend your revocable trust. My experience has been perfect. He finds solutions tailored to your individual situation, and explains everything clearly. Don’t go anywhere else. You found the best!” – Genevieve Tastet
• “Would absolutely recommend Millman Law Group. Worked with them on Estate and Trust work and right from the outset impressed by their ability to understand the issues and provide creative thinking & solutions.” – Gary Stromberg

Contact The Millman Law Group To Create Revocable Trusts in Boca Raton, FL

Millman Law Group, PLLC is one of the only law firms that offers life planning in South Florida. From life care planning to the preparation of detailed estate plans, Millman Law Group has committed to serving Floridian elderly communities in Boca Raton, Palm Beach County, Ocean Ridge, Hillsboro Beach, and many other areas since 2018. Our dedicated team specializes in special needs trusts and catering to any age demographic because we know that it’s never too early to start preparing for your future. For the latest news in estate planning and elder care law, follow us on Facebook, Twitter, LinkedIn, and Pinterest. You can also contact us at 561-463-6480.