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Tampa Trust Attorney
Protect Your Assets and Secure Your Legacy

Trusts come in various forms in Florida, each serving unique purposes in estate planning. At Knudsen Law, our
experienced Tampa trusts attorneys are here to guide you through the complexities of trust planning, ensuring that your
assets are protected, and your wishes are carried out.

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Tampa Trust Attorney

Our trust attorneys in Tampa and Pinellas will work closely with you to understand your unique circumstances and goals. We will develop a comprehensive trust plan that protects your assets, minimizes taxes, and ensures your legacy is preserved.

Revocable Living Trust: Flexibility and Control

A revocable living trust provides flexibility for the grantor during their lifetime. As the grantor, you retain control over your assets and have the ability to modify or revoke the trust as long as you are mentally competent. Upon your death or incapacitation, the trust becomes irrevocable, and the assets are distributed according to the instructions in the trust document. By avoiding probate, a revocable living trust ensures a seamless transfer of assets and privacy for your loved ones.

Irrevocable Trust: Protecting Assets and Reducing Taxes

An irrevocable trust offers asset protection and potential tax benefits. Once created, this type of trust generally cannot be modified or revoked without the consent of the beneficiaries. By transferring assets out of your estate, you may reduce estate taxes and protect those assets from potential creditors. Various irrevocable trusts, such as irrevocable life insurance trusts (ILITs), charitable trusts, and asset protection trusts, provide tailored solutions for specific needs.

Testamentary Trust: Managing Assets and Protecting Beneficiaries

A testamentary trust is established through your last will and testament, taking effect upon your death. It allows you to specify how your assets should be managed and distributed, ensuring the well-being of your beneficiaries. Testamentary trusts are particularly valuable when minor beneficiaries or beneficiaries with special needs require ongoing support and management of their inheritance

Special Needs Trust: Ensuring Care and Preserving Benefits

A special needs trust, also known as a supplemental needs trust, provides for individuals with disabilities while preserving their eligibility for government benefits like Medicaid or Supplemental Security Income (SSI). This trust structure allows for the use of trust assets to enhance the beneficiary’s quality of life without jeopardizing their essential assistance programs.

Charitable Trusts: Supporting Causes and Receiving Tax Benefits

Charitable trusts offer a way to support charitable organizations or causes while potentially receiving tax benefits. Examples include charitable remainder trusts (CRTs) and charitable lead trusts (CLTs). These trusts allow for the distribution of income or assets to both charitable organizations and beneficiaries over a specified period, aligning your philanthropic goals with your estate planning.

Contact An Experienced Tampa Trust Attorney Today

Secure your assets and shape your legacy. Contact Knudsen Law today to schedule a consultation with our knowledgeable Tampa trusts lawyer. Call us at 727.398.3600 or fill out our contact form to get started. Build your future with confidence.

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Build your future with confidence.

Secure your assets and shape your legacy. Contact Knudsen Law today to schedule a consultation with our knowledgeable Trusts attorneys in Tampa.

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