Legal Question in Wills and Trusts in Florida
My accounts are currently titled as POD/TOD and my house is titled as a life estate. If I wanted to limit the distribution of assets just in my investment/money/bank accounts how would I arrange to have a certain amount paid out each year to my daughter, then if her husband were to pre-decease her she would get the full amount in a lump sum. Or if she were to pre-decease him the full amount would go to another beneficiary or if no beneficiary remained, a charity?
Thank you.
Asked on 2/11/12, 7:01 am
1 Answer from Attorneys
Frank J. Pyle
Probate Attorney Throughout Florida
You would have to set up a Trust to receive the money, with a Trustee of your choosing.
Answered on 2/20/12, 7:48 am
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