A properly structured trust can help protect your family's financial future, simplify asset transfers, preserve privacy, and set clear instructions for managing your wealth.

At Lomba P.A., our Florida trust attorneys help individuals, families, entrepreneurs, and business owners establish customized trusts that align with their financial goals, family circumstances, and long-term estate planning objectives.

Whether you need a revocable living trust to help your family avoid probate, an irrevocable trust for advanced estate planning, or a sophisticated strategy for transferring business interests and generational wealth, our firm provides legal guidance tailored to your needs.

Serving clients throughout Florida, including Fort Lauderdale, Broward County, Miami-Dade County, Palm Beach County, and the Tampa Bay area.

Schedule a Free Trust Planning Consultation

Call (954) 280-6992 or contact Lomba P.A. to discuss your estate planning goals.

What Is a Trust, and How Can It Protect Your Assets?

A trust is a legal arrangement in which a trustee holds and manages assets for the benefit of designated beneficiaries according to instructions established by the person creating the trust.

Under Florida law, trusts can be designed to accomplish several important objectives:

• Avoiding probate: Assets properly transferred into certain trusts may pass to beneficiaries without going through probate.

• Protecting family wealth: Certain trust structures may help preserve assets for children, grandchildren, and future generations.

• Maintaining privacy: Unlike wills submitted to probate, trust agreements generally do not become part of the public probate record.

• Planning for incapacity: A successor trustee can manage trust assets if the original trustee can no longer act.

• Controlling distributions: Trusts can establish when, how, and under what circumstances beneficiaries receive assets.

• Supporting asset protection: Properly structured irrevocable trusts may protect against certain future creditor claims, subject to applicable law.

• Addressing estate taxes: Advanced trust planning may help qualifying families manage federal estate and gift tax exposure.

Not every trust provides every benefit. The right structure depends on the assets involved, beneficiary needs, tax considerations, and the degree of control you wish to retain.

At Lomba P.A., we evaluate your circumstances before recommending a trust arrangement.

Our Florida Trust Planning Services

Lomba P.A. assists clients with foundational estate planning trusts and more sophisticated structures designed for wealth preservation, family protection, and business succession.

Revocable Living Trusts

Maintain control of your assets while simplifying their transfer to your beneficiaries.

A revocable living trust is one of the most commonly used estate planning tools in Florida.

As the person establishing the trust, you can generally serve as trustee, manage trust property, and amend or revoke the arrangement during your lifetime while you have legal capacity.

A properly funded revocable living trust may help:

• Avoid probate for assets held in the trust.

• Maintain greater privacy over asset distribution.

• Establish a successor trustee to manage assets during incapacity.

• Provide clear instructions for distributing property after death.

• Reduce administrative delays and potential family disputes.

• Coordinate the transfer of real estate, financial accounts, and business interests.

Important: A revocable living trust does not ordinarily protect assets from your own creditors during your lifetime or automatically reduce estate taxes.

Our attorneys help clients establish living trusts, coordinate beneficiary designations, and address the steps necessary to fund their trusts properly.

Irrevocable Trusts

Advanced estate planning for wealth preservation and long-term asset management.

An irrevocable trust generally limits the creator's ability to modify or terminate the arrangement, although Florida law may allow certain changes.

Depending on its structure, funding, beneficiaries, and applicable legal requirements, an irrevocable trust may offer benefits such as estate tax planning, creditor protection, and multigenerational wealth transfers.

Lomba P.A. helps clients evaluate irrevocable trusts for:

• Long-term family wealth preservation.

• Estate and gift tax planning.

• Protection of assets intended for beneficiaries.

• Structured transfers of business and investment interests.

• Charitable giving and philanthropic planning.

• Long-term distribution and succession strategies.

Because transferring assets into an irrevocable trust can have significant legal and tax consequences, careful planning is essential.

Our firm evaluates the advantages, restrictions, and potential risks before recommending an irrevocable trust.

Dynasty Trusts

Create a lasting financial legacy for children, grandchildren, and future generations.

A dynasty trust is designed to preserve and manage family wealth across multiple generations.

Rather than distributing all inherited assets outright, a dynasty trust can establish long-term rules for how property is managed, invested, and distributed.

Depending on its terms and applicable law, a dynasty trust may help:

• Preserve family wealth over the long term.

• Provide structured distributions to future generations.

• Reduce the risk of irresponsible spending or mismanagement.

• Protect certain trust assets from beneficiaries' creditors.

• Support estate and generation-skipping transfer tax planning.

• Establish a long-term family wealth management framework.

When creating these structures, evaluate Florida's trust duration rules and federal tax considerations.

Lomba P.A. helps families and business owners determine whether dynasty trust planning fits their assets and legacy goals.

Spousal Lifetime Access Trusts (SLATs)

Transfer wealth while preserving a potential source of financial support for your spouse.

A Spousal Lifetime Access Trust, commonly called a SLAT, is an irrevocable trust one spouse establishes for the benefit of the other spouse and potentially additional family members.

When properly structured, a SLAT may help transfer assets outside the grantor's taxable estate while allowing the beneficiary spouse to receive distributions under the trust's terms.

SLAT planning may be appropriate for married couples who want to:

• Address potential federal estate tax exposure.

• Transfer appreciating assets to future generations.

• Establish long-term family wealth planning arrangements.

• Preserve limited indirect access to trust assets through a beneficiary spouse.

SLATs involve important considerations, including gift tax rules, trustee selection, divorce, the beneficiary spouse's death, and the federal reciprocal trust doctrine.

Lomba P.A. helps clients evaluate whether a SLAT fits their estate planning strategy and coordinates with tax advisors when appropriate.

Special Needs Trusts

Provide financial support for a loved one without unnecessarily jeopardizing public benefits.

A special needs trust allows assets to be managed for a beneficiary with a disability while potentially preserving eligibility for certain means-tested government benefits.

These trusts may be especially valuable for families planning for a child or adult who receives Supplemental Security Income (SSI), Medicaid, or other needs-based assistance.

Depending on the trust type, funding source, and applicable benefit rules, a special needs trust can provide resources for supplemental expenses without automatically disqualifying the beneficiary from public assistance.

Our firm helps families evaluate trust provisions that support a beneficiary's quality of life while meeting applicable benefit eligibility requirements.

Irrevocable Life Insurance Trusts (ILITs)

Coordinate life insurance proceeds with your long-term estate planning strategy.

An irrevocable life insurance trust is designed to own life insurance policies and manage the distribution of insurance proceeds according to established trust instructions.

When properly structured and administered, an ILIT may help:

• Reduce potential federal estate tax exposure.

• Provide liquidity for estate-related obligations.

• Establish controlled distributions for beneficiaries.

• Support business succession and family wealth transfer planning.

• Protect certain inherited assets through continuing trust arrangements.

Tax treatment depends on policy ownership, retained powers, timing of transfers, and applicable federal law.

Lomba P.A. helps clients evaluate ILIT planning as part of a comprehensive estate strategy.

Charitable Lead Trusts

Support charitable organizations while planning for the transfer of family wealth.

A charitable lead trust pays qualifying charitable organizations for a specified period, with the remaining trust assets generally passing to designated noncharitable beneficiaries.

These arrangements may suit individuals who want to combine charitable giving with long-term family wealth transfer planning.

Our firm helps clients evaluate charitable lead trusts and coordinate their legal structure with applicable tax considerations.

Charitable Remainder Trusts

Combine charitable giving with an income distribution strategy.

A charitable remainder trust generally provides distributions to designated noncharitable beneficiaries for a specified term or lifetime, with the remaining assets ultimately passing to qualifying charitable organizations.

Depending on its structure, a charitable remainder trust may offer planning opportunities involving appreciated assets, income distributions, and charitable tax deductions.

These arrangements require compliance with specific federal tax rules and ongoing administration requirements.

Lomba P.A. helps clients determine whether charitable remainder trusts fit their financial and philanthropic objectives.

Which Type of Trust Is Right for You?

The right trust depends on your family structure, financial circumstances, estate planning goals, and the types of assets you want to protect or transfer.