Funding Your Trust

Funding Your Trust

Your assets may be subject to probate if you fail to properly “fund” your trust. Funding a trust is the process of transferring the legal title of assets from your name, individually, into the name of your trust. An un-funded trust is like an empty bank account. If a...
The Hierarchy of Creditors

The Hierarchy of Creditors

When a person passes away and they owe more money than they have, Florida law controls which creditors get paid first. Each creditor is ranked by class, and creditors of the highest class are paid in full before lower subsequent creditor classes. This procedure...