16 March 2017 Currents
EAGLE PACK & SHIP CENTER
“ We Can Pack and Ship Anything, Anywhere”
Mailboxes for Business & Personal Use
Boxes / Tubes Fax Office Supplies Notary Packing Materials Keys VHS / Slides to DVD Stamps
Shop our wide variety of As Seen On TV items. Got Big Stuff? We’ ll pick it up, Crate it and Freight it.
Don’ t lug your luggage home, Ship it!
Golf Anyone? Ship your Clubs home, Bags and All.
Happy St. Patrick’ s Day 10 % OFF ALL SHIPMENTS 954-973-1690 1245 S. Powerline Road Pompano Beach, FL 33069
> continued from page 15 by a lawyer in the state in which you have your legal residence. In addition, that lawyer can prepare a Deed to transfer the out of state property into the Florida Trust.
For Canadian citizens, there are possible tax aspects to be considered before you create a Florida Trust. These should be discussed with your Canadian accountant or tax attorney. In general, you will have to weigh the tax consequences versus the money and time that your heirs would save by avoiding probate in Florida.
Another favorable factor in creating a Revocable Living Trust is that you can always amend the Trust without having to change the Deed. In addition, once you create the Trust, you can always buy new properties in any state in the name of the Trust.
The Revocable Living Trust is recommended by most lawyers over a Deed which includes names of other persons, either as joint tenants, tenants in common or a Life Estate Deed. Once another person’ s name is on a Deed, there are potential risks to you and your property. These include the possibility that the other person may undergo a divorce, bankruptcy, have a judgment against that person, or die before you or with you in a common accident. It may also affect your homestead exemption. All of these risks should be discussed with your attorney before deciding to put someone else’ s name on your Deed. By contrast, the Revocable Living Trust elimicontinued on page 18 >