Currents
October 2016
15
Executive Car Service
ONLINE RESERVATIONS
WWW.GO-AIRPORTSHUTTLE.COM
The Official Shared Ride Shuttle
and Express Service of the
Ft. Lauderdale/Hollywood Int’l Airport
Conveniently located curbside
outside baggage claim
FOR RATES AND RESERVATIONS CALL
954-561-8888
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 residence 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 homestead
property via a Revocable Living Trust without losing
your homestead exemption. In addition, 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 prepare 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 security blanket to
cover any assets payable to your Estate, such as
insurance or personal injury proceeds, which you
could not have anticipated prior to your death.
If you are not a Florida resident, you can still create a Florida Revocable Living Trust and execute a
Quit Claim Deed to put your Florida property into
the Trust. Your Last Will and Testament will be done
by a lawyer in the state in which you have your legal
residence. In addition, that lawyer can prepare a
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continued on page 16 >
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