Kathryn Hawkins • February 8, 2023

Cornerstone Law Firm

A living trust can help you avoid the cost and delay of probate. It can also avoid risks associated withjointly owning assets. A r revocable living trust won’t however protect you from lawsuits.

Though a revocable trust won’t protect you from lawsuits - you have the comfort of knowing that you can change or revoke your living trust as often as you can revise your will. Whether you and your spouse should create joint or separate trusts will depend on your creditor exposure and your jurisdiction.

There are trade-offs between the different ways to title assets. Without a revocable living trust, the court will distribute your assets under your will. This can be expensive, time- consuming, and cumbersome. (Probate costs can consume as much as 4% of an estate and delay estate distributions). If you bequeath $1 million through your will, your heirs may pay

$40,000 in probate costs, and wait years for their inheritances. 

A living trust  circumvents the probate process. Your assets immediately transfer to your beneficiaries.

You can take further steps to protect your assets lawsuit by titling them to a limited partnership. Your living trust (which avoids probate) can own your limited partnership. When you die, your ownership in the limited partnership immediately transfers through the living trust to your heirs, and avoids probate. During your lifetime your assets would be creditor-protected by the limited partnership.

An experienced attorney can help you implement a customized.  CLF is dedicated to providing you with quality legal counsel for all your estate planning needs. To learn more about how we can help you plan for and protect your assets, contact us today to schedule a complimentary consultation.

Partition: When You Own Property Together and Can’t Even Agree on Pizza

By Jason O'Neal • January 15, 2026
A partition is a legal process that lets a co-owner of property force a division of that property when the owners can’t agree on what to do with it.

Residential Contract for Sale and Purchase Revisions

By Jason O'Neal • February 19, 2025
Effective January 1, 2025, substantial revisions to the Florida Realtors/Florida Bar (FR/Bar) Residential Contract for Sale and Purchase are in effect. The revisions aim to improve clarity, bring the contract into compliance with recent legislative changes, and ensure fairness in real estate transactions.

Navigating the Due-on-Sale Clause: A Guide

By Jason O'Neal • January 24, 2025
If you own property in Florida and are exploring creative ways to transfer ownership while carrying an existing mortgage, you may encounter a potential roadblock: the due-on-sale clause. This clause, found in most mortgage agreements, gives your lender the right to demand full repayment of the loan if the property is sold or transferred without their consent. Understanding how this clause works and how it applies to specific scenarios is crucial to avoid financial pitfalls.

Florida Legislative Changes for 2025

By Jason O'Neal • January 6, 2025
As Florida ushered in the new year, several laws took effect on January 1, 2025, impacting various aspects of daily life. Here are a few of the legistative changes to be aware of in the Sunshine State:

Wills or Trusts? What’s in it for me?

By Jason O'Neal • October 7, 2024
When it comes to securing your assets and ensuring your wishes are honored after your passing, understanding the differences between wills and trusts is essential. Both estate planning tools serve the critical purpose of directing how your property is distributed, but they function in distinct ways and offer varying benefits. It is helpful to look into the key features, advantages, and potential drawbacks of each, to determine which option may be best suited for your individual circumstances and goals. Whether you're looking to minimize probate complications, protect assets, or provide for loved ones, a thorough understanding of wills and trusts will empower you to make informed decisions about your estate planning strategy.

Do I really need an operating agreement for my LLC?

By Kathryn Hawkins • June 30, 2023
An LLC (Limited Liability Company) operating in Florida without an operating agreement may encounter several issues that could potentially disrupt the business's operations and create legal and financial challenges. Some of the issues that can arise for an LLC without an operating agreement in Florida include:

20 Reasons Why A Business Attorney is Your Best Friend.

By Kathryn Hawkins • June 20, 2023

School’s Out! Things To Do This Summer

By Kathryn Hawkins • June 14, 2023
Are you ready to make the most out of your summer in Orlando? Look no further! We've compiled a comprehensive list of 101 thrilling activities that will keep you entertained all season long. From theme parks to outdoor adventures, cultural experiences to water parks, there's something for everyone. Get ready to create lasting memories with friends and family as you embark on an incredible summer journey in Orlando.

Trust Us, You May Actually Need a Trust

By Kathryn Hawkins • May 24, 2023
Revocable trusts, also known as living trusts, are a popular estate planning tool in Florida. A revocable trust is a legal document that allows individuals, referred to as grantors or settlors, to transfer their assets into a trust during their lifetime, with the flexibility to modify or revoke the trust at any time. One of the main benefits of a revocable trust is that it allows for the avoidance of probate, which is the court-supervised process of distributing a person's assets after their death. In Florida, where probate can be time-consuming and costly, a revocable trust can be a valuable tool for estate planning.

20 Ways to Organize Your Life

By Kathryn Hawkins • May 19, 2023
Use a planner or calendar to keep track of important dates and appointments.Create a to-do list each day to prioritize tasks.Declutter your physical space regularly to reduce stress and increase productivity.Use digital tools such as productivity apps to stay organized.Keep important documents and information in a designated folder or file.Automate repetitive tasks like bill payments or email responses.Break down larger tasks into smaller, more manageable steps.Set achievable goals and track your progress.Delegate tasks to others when possible.Keep a tidy workspace to improve focus and motivation.Use time-blocking to schedule specific activities throughout the day.Create a morning routine to start the day off on the right foot.Take breaks throughout the day to avoid burnout and increase productivity.Use a meal planning system to simplify grocery shopping and meal prep.Set boundaries with your time and learn to say no to commitments that don't align with your priorities.Practice mindfulness and meditation to reduce stress and improve focus.Use a budgeting tool to keep track of expenses and finances.Keep a journal to reflect on your thoughts and emotions.Learn to effectively manage your email inbox and avoid getting overwhelmed.Prioritize self-care activities like exercise, hobbies, and spending time with loved ones.