Can a Living Trust Own S Corporation Stock?

Can a Living Trust Own S Corporation Stock?

Many people use living trusts to handle their assets. This method is vital for estate planning. But, owning stock in an S corporation has its own set of rules. First, know that most trusts can’t have S corporation stock. Yet, a few special trusts can be...
How to Put a House in a Trust in Florida

How to Put a House in a Trust in Florida

Putting a house in a trust in Florida comes with many plusses. It can lower estate taxes and skip probate. A trust is a legal way to hold and own things, like real estate. In Florida, the choices usually are revocable trusts and irrevocable trusts. Revocable trusts...
Does a Living Trust Avoid Estate Taxes?

Does a Living Trust Avoid Estate Taxes?

Many are curious about living trusts and if they can help dodge estate taxes. Estate taxes hit the wealthy when they inherit assets. But, a living trust by itself doesn’t cut estate tax costs.Estate taxes kick in for property over the IRS’ limit, which...
Living Trust in Florida: Steps and Requirements

Living Trust in Florida: Steps and Requirements

Creating a living trust in Florida is a smart move in estate planning. It brings benefits for you and your family. Knowing the steps and rules makes sure your assets go where you want. This guide is perfect if you are thinking about a living trust or just want to...
What Is an Irrevocable Trust in Florida?

What Is an Irrevocable Trust in Florida?

An irrevocable trust is a special type of living trust. Once set up, it can’t be changed or canceled. In Florida, people use irrevocable trusts for a few key reasons.They’re good for estate planning, protecting assets from creditors, and lowering estate...