If you live in Delray Beach, Florida, you’re part of a dynamic and culturally rich community that blends beachside charm with a vibrant downtown atmosphere. Known for its lively Atlantic Avenue, beautiful coastline, and welcoming neighborhoods, Delray Beach attracts a wide range of residents, from young professionals and growing families to retirees enjoying Florida’s coastal lifestyle. Whether you own a historic home near Pineapple Grove or a waterfront property along the Intracoastal, protecting your assets and ensuring they are passed down according to your wishes is crucial. A carefully prepared estate plan is key, and working with a trusted legal advisor is the first step toward peace of mind.

One essential estate planning tool is the revocable trust, which provides flexibility by allowing you to modify the trust as your life circumstances change—unlike an irrevocable trust. At The Millman Law Group, Aaron D. Millman, Esq., CPA, works with Delray Beach residents to create personalized estate plans designed to preserve wealth, provide for loved ones, and protect your legacy.

If you’re considering your estate planning options or want to set up revocable trusts in Delray Beach, contact The Millman Law Group today to consult with a skilled estate planning attorney.

How to Include a Revocable Trust in Your Florida Estate Plan

Because revocable trusts offer flexibility and control, your estate planning attorney may recommend creating one as part of your strategy in Delray Beach. When you move assets into a revocable living trust, ownership of those assets is transferred to the trust itself.

You remain the trustee for as long as you are alive and mentally competent, which means you continue to manage your assets. If you become incapacitated or pass away, a successor trustee you’ve appointed will take over. You may still need a will to cover any assets not included in the trust. Keep in mind, however, that since the trust is in your name, it won’t shield you from creditors during your lifetime or provide tax advantages while you are living.

The Benefits of Revocable Trusts in Delray Beach

There are many reasons why establishing revocable living trusts in Delray Beach may be a wise decision. Benefits include:

• Avoid Guardianship Court: Placing assets in a trust helps avoid court-appointed guardianship if you become incapacitated.
• Maintain Control: A living trust gives you flexibility in how your assets are distributed. You can set terms that delay distributions until a beneficiary reaches a certain age or maturity.
• Protect Beneficiaries’ Assets: A spendthrift provision can help shield assets from a beneficiary’s creditors.
• Skip Probate Court: Assets placed in the trust can be distributed directly to heirs, helping your loved ones avoid the lengthy and costly probate process.
• Support Individuals with Special Needs: With a special needs trust, a beneficiary can still qualify for Medicaid or other government programs without being disqualified due to their inheritance.
• Provide for Minors: If a minor inherits more than $15,000, a guardian is required. A trust can eliminate this need by holding the inheritance under specific conditions.

If you own significant real estate in Delray Beach, have minor children, or wish to avoid probate for your loved ones, revocable living trusts in Delray Beach offer a smart and effective solution to ensure your intentions are honored.

Explore Further Estate Planning Tools

In addition to revocable trusts, your Delray Beach estate planning attorney at The Millman Law Group may recommend other tools that can help fulfill your long-term goals. These might include:

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

When you’re ready to build a comprehensive and secure estate plan tailored to your unique needs in Delray Beach, reach out to The Millman Law Group. Let us help you take the next step in protecting your future and your family’s well-being.

Read Reviews From Our Clients

To learn more about the assistance and support we offer to our clients in Florida, read a few of our client testimonials: 

• “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
• “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

Contact The Millman Law Group To Create Revocable Trusts in Delray Beach, 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.