Do I Need a Trust in My Estate Plan?
A trust can be one of the most powerful tools in estate planning—but that doesn’t mean everyone needs one.
At Buro Law Group, PLLC, we guide Florida residents through the estate planning process with care and clarity. If you’re unsure whether a trust is right for your goals, you’re not alone—and we’re here to help.
What Is a Trust?
A trust is a legal arrangement that allows you to place assets under the control of a trustee, who manages them for the benefit of your chosen beneficiaries. Unlike a will, which only takes effect after death, certain trusts can be used during your lifetime to manage and protect your assets.
Trusts are highly customizable and can be designed to:
-
Control how and when beneficiaries receive their inheritance
-
Avoid or simplify Florida probate
-
Provide for minor children or family members with special needs
-
Reduce estate tax exposure
-
Protect assets from creditors, lawsuits, or divorce
-
Ensure children from prior marriages are provided for
Common Types of Trusts in Florida
We help clients design the right trust based on their unique needs. Some common options include:
-
Revocable Living Trusts – Can be changed during your lifetime and help avoid probate
-
Irrevocable Trusts – Offer stronger asset protection and tax benefits
-
Special Needs Trusts – Preserve government benefits while providing supplemental support
-
Spendthrift Trusts – Protect beneficiaries from irresponsible spending or creditors
-
Trusts for Minors – Manage inheritances for children until they reach a responsible age
-
Medicaid Asset Protection Trusts – Help preserve eligibility for long-term care
-
Land Trusts – Hold title to Florida real estate while maintaining privacy
Benefits of a Trust-Based Estate Plan
If carefully drafted, a trust can provide significant benefits:
-
✅ Avoid probate court delays and reduce legal costs
-
✅ Keep your affairs private (unlike a will, which becomes public record)
-
✅ Protect assets from creditors or divorce claims
-
✅ Control the distribution of your legacy over time
-
✅ Support loved ones with complex needs
-
✅ Minimize estate taxes and streamline administration
Attorney Iulianna Bukovskaya will take the time to understand your goals, explain your options in plain language, and create a customized trust that protects your family and your legacy.
Schedule a consultation with Buro Law Group, PLLC, and take the next step toward a secure and thoughtful estate plan.
How Much Does It Cost to Set Up a Trust in Florida?
The cost of establishing a Revocable Living Trust in Florida typically starts from $2,000 to $2,500 for a basic estate plan, and can vary depending on the complexity of your family situation and assets.
Because every legacy is unique, a comprehensive trust requires individual analysis. The final cost depends on factors such as the types of assets being transferred, specific distribution instructions, and the inclusion of companion documents (Power of Attorney, Wills).
At Buro Law Group, we provide transparent, customized pricing after evaluating your specific needs. Schedule a Free Case Evaluation to get an exact quote for your family asset protection strategy.