The creation of a revocable living trust in Florida is very important for two purposes. The first thing is, while you’re alive you have total control over your assets as you name yourself as trustee. Secondly, when you pass away you have dictated, in the document, who the beneficiaries are and you have avoided probate. Probate can be timely, it can be costly, and your assets can be a matter of public knowledge of record.
With a trust, those costs and that time and most importantly the public aspect is done away with as the trust is much more private in nature. The beneficiaries get their money a lot quicker than through the probate process.