Legal Question in Wills and Trusts in Florida

Re: Trusts

Create a trust, fund it (either during life or upon his death), and give the trustee the instructions to make payments to maintain the condo.

But why does your friend want to maintain a condo after his death? Who gets the condo and who will be living there?

Re: Trusts

Wow, tough to answer with such limited information...option 1.) buy an annuity

2.) purchase cd's that will ladder

3.) fund a trust with instructions

4.) create a testamentary trust in a will such that the trrust gets funded at death with instructions

The real question is what is your friend trying to accomplish? Is he giving the condo to a son and wants to make sure the maintenance fees are paid for the next 5 to 7 years? What happens then? I would advise as always that your friend consult with an experienced estate planning attorney so that his estate plan is sensible in its layout. Hope this helps.