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Living Trusts Lawyers in St. Petersburg, FL

Helping You Safeguard Your Legacy And Avoid Probate

A living trust can be a powerful tool for managing assets and protecting wishes. However, it involves complex legal and financial considerations that require professional legal guidance.

The Law Offices of Mitchell A. Sherman, Esq., has over two decades of estate planning legal experience. I am attorney Mitchell A. Sherman, and I understand that estate planning isn’t a one-size-fits-all process. That’s why I provide personalized living trust and estate planning services tailored to each client’s unique situation and goals in Tampa Bay and central Florida.

What Is A Living Trust?

A living trust is a legal entity created during your lifetime to hold and manage your assets. Your appointed trustee oversees the trust and its assets for your named beneficiaries. The two primary types of living trusts include:

  • Revocable trust: Allows the grantor, or creator, to modify or terminate the trust at any point while they are still alive and mentally capable.
  • Irrevocable trust: The terms cannot be altered unless all your named beneficiaries consent first.

Understanding the above differences can help you determine which type of trust best aligns with your estate planning goals and needs.

Reasons To Consider A Living Trust

Whether revocable or irrevocable, living trusts are powerful estate planning tools that provide several important benefits over relying solely on a will, such as:

  • Reduction of estate taxes
  • Assists in the event of incapacitation
  • Asset protection from creditors and legal judgments
  • Protecting your privacy
  • Avoiding the probate process

While living trusts offer significant benefits, they aren’t always the right fit for everyone. I can help you determine if a living trust aligns with your estate planning goals.

Find Out More About Living Trusts

Whether you are in St. Petersburg, Tampa Bay or central Florida, call the Law Offices of Mitchell A. Sherman, Esq., through 727-616-0365 to schedule a free virtual consultation about creating a living trust as part of your comprehensive estate plan. As your local estate planning lawyer, I will take the time to truly understand your needs and advise you on the best strategies to protect your legacy.