Tom Moss breaks down the real differences between wills and trusts in Florida, with a clear focus on probate, privacy, cost, and long-term control. He explains how probate works, why trusts can help families avoid court oversight, and how proper planning can speed up asset distribution while protecting sensitive family and financial details. Early in the discussion, Tom Moss draws on his experience in estate planning to clarify common misconceptions and highlight when a trust can offer meaningful advantages over a simple will.
The conversation covers trust funding, execution mistakes, trustee selection, and how small wording choices can create major legal consequences. Tom also shares practical guidance on updating estate plans after moving to Florida, navigating homestead laws, and avoiding costly errors from DIY or outdated documents.
This is a concise, practical episode for anyone deciding between a will and a trust or revisiting their estate plan.
In this episode, you will hear:
- How probate works in Florida and why it can be costly and public
- Key differences between wills and trusts for control, speed, and privacy
- Why properly funding a trust is essential to avoid probate
- Common mistakes in DIY estate planning and improper document execution
- How trustee selection can make or break an estate plan
- Florida homestead laws and risks when moving from another state
- When and why to revisit and update estate planning documents
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