Fleming Island Trust Attorney

Fleming Island Trust Lawyer

Deciding how and who to distribute your assets to can be a daunting and complex task. Having to worry that your wishes are followed through can add stress to the situation. A trust is a legal document that dictates how to transfer your assets. That’s why it’s important to hire a Fleming Island trust attorney to help you with the whole process and make sure your plan comes to fruition.

The team of Fleming Island estate planning lawyers at the Law Office of Douglas A. Oberdorfer, P.A. has great experience and success in these matters. Our Fleming Island law firm is ready to assist you with your trust law needs.

Fleming Island Trust Attorney Services

A Fleming Island trust attorney at the Law Office of Douglas A. Oberdorfer, P.A. provides many services to their clients. We have significant experience creating and managing trusts, as well as handling probate matters, asset protection, and related real estate planning. Our trust lawyer is skilled in navigating all the complexities of trust law, helping those looking to protect and preserve assets while minimizing tax liabilities.

For those living in Fleming Island, Florida, our attorney can provide services such as:

• Trust Creation and Structuring. Our legal team is familiar with a variety of different trusts and helps our clients structure them to meet their specific needs. The three main types are revocable trusts, irrevocable trusts, and specialty trusts.
  • Revocable trusts allow the creator to modify the trust throughout their lifetime in the event they need or want to make changes.
  • Irrevocable trusts cannot be modified after they have been created. They are generally used for asset protection and estate tax planning.
  • Specialty trusts are used to create a trust for a very specific reason, such as special needs trusts or charitable trusts.
• Estate Planning. Estate planning is an important part of any person’s life, especially those who may have a complex estate or very specific wishes. Through estate planning, a Fleming Island trust attorney can help with drafting a will, establishing a power of attorney (or acting as one themselves), and offering advice on tax planning for clients.
• Trust Administration. Oftentimes, clients choose their trust lawyer to act as their trust administrator. This involves overseeing how assets are distributed, ensuring compliance with the terms of the trust, and making sure all taxes and debts are handled properly. If another trust administrator has been chosen, our attorney can also provide guidance for them while handling their duties.
• Probate and Trust Litigation. Probate is a costly and lengthy process. Having a trust can help families avoid probate by ensuring all legal requirements are being met within the trust. In the event that the trust is contested, the Fleming Island trust attorney at Douglas A. Oberdorfer, P.A., can represent clients through mediation and trial.
• Asset Protection. Depending on your situation, a trust can be structured to provide asset protection from legal claims, creditors, and a divorce settlement. When qualifying for Medicaid or other long-term care, trusts can help provide asset protection for elderly clients.
• Ongoing Legal Counsel. Once the trust is created, the client-lawyer relationship doesn’t end. Our trust attorney keeps the relationship going by ensuring estate planning documents are up to date and making adjustments to any documents when necessary and advised to do so.

Why Hire a Fleming Island Trust Attorney?

Although hiring a lawyer can be a stressful and thought-provoking task, choosing to have the Fleming Island trust attorney from the Law Office of Douglas A. Oberdorfer, P.A., is an easy decision.

We can help you with all your trust-related needs and provide guidance through the process and beyond.

• Local Knowledge. We are familiar with and well-versed in Florida state laws and regulations. Our attorney in Fleming Island can provide advice that is specific to Florida and tailored to you.
• Comprehensive Services. Trust lawyers are able to provide numerous services including trust creation, asset protection, estate planning, and tax planning, making it a one-stop shop for your needs.
• Peace of Mind. Hiring a knowledgeable attorney who strives for trust and communication can give you peace of mind that your trust and assets will be protected and handled appropriately.

Fleming Island Trust FAQs

Q: How Much Does It Cost to Set Up a Trust in the State of Florida?

A: The complexity of the trust, assets involved, and attorney’s fees all contribute to the cost of setting up a trust in the state of Florida. The more complex and high-value assets involved in the trust, the higher you can expect to pay for the creation. If you plan to use your hired attorney as the trust administrator, that may add to the overall cost.

Q: Do I Need an Attorney to Set Up a Trust in Florida?

A: Although it is not technically required to have an attorney to set up a trust in Florida, it is highly recommended due to the state’s complex laws. Having an experienced trust lawyer help in the creation of the trust can also help the client avoid challenges and provide peace of mind. These knowledgeable attorneys are able to guide clients in choosing the appropriate trust and ensuring it is drafted properly.

Q: How Much Does a Trustee Get Paid in Florida?

A: The exact amount a trustee will be paid should be agreed upon and specified in the trust. However, in the event that it is not, the trustee should be paid an amount that is reasonable for their services and under the circumstances. Compensation may depend on the type of trust and the assets associated with it. The exact payment is a reflection of the size and complexity of the trust, type of trustee, level of training, and whether the trustee is a professional.

Q: How Long Does It Take to Settle a Trust in Florida?

A: The time frame for settling a trust varies. The trust type, assets involved, taxes and debts, possible legal claims, and the estate tax all contribute to the time it takes to settle a trust in Florida. Simple trusts can be settled fairly quickly, whereas more complex trusts for larger estates and trusts that will need to go through a liquidation period to pay debts can take much longer.

Contact Our Fleming Island Trust Attorney and Law Firm

The Law Office of Douglas A. Oberdorfer, P.A., is experienced, knowledgeable, and successful when it comes to creating trusts and helping our clients through the entire trust process. Our skilled lawyer knows the unique trust laws for the state of Florida and is able to provide services that exceed the expectations of our clients.

Anyone living in Fleming Island or the surrounding areas should contact our office today to get started working on a trust that reflects their wishes and needs.