What is a Florida revocable trust?
A Florida Revocable Trust is a trust that is prepared by a Florida Grantor who is domiciled in Florida and the trust can be altered, amended or revoked. A revocable trust may also be known as a living trust or a revocable living trust. Prepared by a Florida grantor the person making the trust for their property they would be known as a Florida living trust or a Florida Revocable living trust. A Revocable Trust is a technique a that can be used for administration of assets, both during the grantor’s lifetime and after death. FLORIDA REVOCABLE TRUST Structure A revocable trust is created when an individual (typically called the grantor in Florida but also known as settlor, or trustor) signs a trust agreement naming a person(s), a corporation, or both to administer the trust (the trustee or corporate trustee). In Florida and many other jurisdictions the Grantor can also serve as a trustee, the grantor and the trustee can be the same person. Generally a grantor does serve as the initial tr
