Sometimes
life can take a tragic turn and render a person incompetent
to manage his or her own assets or make decisions regarding
healthcare. When this occurs, a legal process must be initiated
so that someone can be authorized to step in for the person
and make important decisions to protect assets and provide
personal care.
When
it comes to managing a person’s assets, the administration
of a guardianship is the most restrictive. That is why many
people seek alternative and more flexible forms to accomplish
the same objectives. This is usually done with the following
documents:
Trust—
Declaration created by a grantor for the benefit of designated
beneficiaries which appoints a trustee to manage the trust
assets and income for the economic benefit of all the beneficiaries.
Such a trust may be revocable or irrevocable. Sometimes a
revocable trust is called a "Living Trust."
Durable
Power of Attorney—
Appoints another person as an agent and confers authority
on that person to perform certain acts or kinds of acts on
your behalf.
If the person who needs help in managing his or her assets
is domiciled in the State of Florida, we should be able to
help you.
Click
here
to complete our Probate Administration Questionnaire for an
evaluation of the administration of the
guardianship of an estate or creation of documents allowing
you to manage another person’s affairs. Or you may call
us toll-free at 1.888.FL.TRUST.
