Currents
February 2019
By: Martin Zevin, P.A.
Florida Trust also Works for Out of State
Property
Many of my snowbird clients own a home in
Florida and another state. Some of them have their
homestead in Florida; others declare their legal resi-
dence in another state.
In either case, a Florida Revocable Living Trust is
very useful to avoid probate in
both states. If you are a Florida
resident, you can own your home-
stead property via a Revocable
Living Trust without losing your
homestead exemption. In addi-
tion, you are eliminating the need
for probate when you pass away.
You can also transfer real estate
owned in any other state to your
Florida Trust. Generally, a Florida
lawyer will prepare the Revocable
Living Trust and Quit Claim Deed
to transfer the Florida property
into the Trust. If you are a Florida
resident, the lawyer will also pre-
pare a new Florida Last Will and
Testament called a Pourover Will.
This provides for the transfer to
your Trust upon your death of any
other assets not in the Trust or
which do not have beneficiaries
already designated. It is a secu-
rity blanket to cover any assets
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