I want to do some estate planning. How do I create a trust?

Florida law actually describes what is necessary in order to create a trust.
"§ 736.0402. Requirements for creation
(1) A trust is created only if:
(a) The settlor has capacity to create a trust.
(b) The settlor indicates an intent to create the trust.
(c) The trust has a definite beneficiary or is:
1. A charitable trust;
2. A trust for the care of an animal, as provided in Fla. Stat. §736.0408; or
3. A trust for a non-charitable purpose, as provided in Fla. Stat. §736.0409.
(d) The trustee has duties to perform.
(e) The same person is not the sole trustee and sole beneficiary.
(2) A beneficiary is definite if the beneficiary can be ascertained now or in the future, subject to any applicable rule against perpetuities.
(3) A power of a trustee to select a beneficiary from an indefinite class is valid. If the power is not exercised within a reasonable time, the power fails and the property subject to the power passes to the persons who would have taken the property had the power not been conferred."

For information on what type of trust is right for you, contact Linde Law Group today!


Matthew A. Linde
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