A person or entity granted administrative control of a trust is called a trustee. If you have been appointed as a trustee in the Sunshine State of Florida, you have obligations under the law regarding administration of the trust.
Many people retire to Florida because it has the reputation of being a tax friendly state. For example, there are no state income taxes in Florida, which means pensions and retirement plans are free from taxes.
A living will is a written directive that allows you to state your wishes regarding what sort of end-of-life care you want to receive. Florida law recognizes the right of any capable adult to create a living will, which can then be used if that person becomes incapacitated and unable to communicate their wishes to their doctor and loved ones.
The state of Florida recognizes the right of any capable adult to create an advance directive known as a health care surrogate designation. This designation is typically used to allow your named surrogate (and their successors) to make every day medical care decisions like consent to surgery, consent to treatment, admission to a health care facility and the hiring and firing of doctors, nurses and therapists.
A durable financial power of attorney in Florida is a simple and reliable way to arrange for someone to manage your finances if you become incapacitated and are no longer able to make your own financial and legal decisions.
Trustee Obligations in Florida Trust Administration
Reducing Exposure to Estate Taxes in Florida
What is a Living Will and Why Do You Need One?
Health Care Surrogate Designations in Florida
Durable Financial Power of Attorney in Florida