Debra G. Simms is a law attorney who is certified and registered with the Florida Bar Board and runs her law firm from three locations in the State of Florida. Her first office is at Prestige Executive Center, 823 Dunlawton Ave. Unit C, Port Orange, FL 32129. The second office is located at 629 N. Dixie FW, New Smyrna Beach, FL 32168. Each of the offices operates from 9 am to 5 pm from Monday to Friday.
Debra and her team of qualified and experienced law attorneys can be reached on all working days between these timings at their toll-free numbers as well as fax and local lines. Customers with law related queries can send in their questions by filling out the form on their website and will be reverted to within two working days
Even though Debra herself specializes in elder law, the law firm of Debra Simms offers a wide variety of legal services including powers of attorney, drafting of wills and probates, guardianship related disputes, estate planning, health care directives, trust preparation and much more.
What is the concept of a trust?
A trust is a kind of promise or guarantee or declaration given by one person called the author of the trust or the trustee to another person called the beneficiary to protect, look after or take care of certain movable or immovable property belonging to the beneficiary for a certain stipulated period of time for and on his behalf or benefit. The rights, duties, obligations and liabilities of both parties are put into writing in the form of a deed called a trust deed. The property which will be looked after or administered is called the trust property. The fund or corpus that both parties will contribute money to look after the property is called trust fund. The person/s who will be in charge of managing the trust property or trust money will be the trustees.
What is a revocable trust?
A revocable trust is similar to a living will. It is a document in which one party called the settlor or grantor can transfer or express how he would like his property to be managed, transferred or distributed to his legal heirs during his lifetime (in the case of incapacitation, mental illness, etc.) or after death. Any person can be the trustee except a minor. The people to whom the trust property/assets/money will be left to are called the beneficiaries who could be the legal heirs or successors of the settlor or even charities.
What is a pet trust?
Trust funds can be created even for pets that you may leave behind in the event of your premature or unexpected death. By drafting a pet trust, you as the owner of a pet can leave behind a certain sum of money or property to any trusted person called the trustee which will be used in the proper caregiving and managing of your pet and its expenses who is the beneficiary. All the legal rights, obligations, duties and liabilities of the trustee will be put in the written form in the pet trust deed.
The lawyers at Debra G. Simms’s law firm will assist you in drafting your pet trust, special needs trust, and revocable trust deeds while understanding your legal rights, liabilities and obligations. Visit their law firm today for all your trust preparation legal services.