Go for it! You could call it peanut butter and jelly trust if you want... sure there may be some grinding in the gears, but the name of the trust is UP TO YOU!
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First of all, congratulations! It is great that you are actively choosing how to handle your estate now, than later. As for you specific question, I agree with Attorney Carrier; your trust can be named any way you wish. The transparency of what type of trust agreement it is will be less, but, as you say, anyone receiving a copy of the trust will be able to read the pertinent pages to determine that in any case. The only caveat is to ensure that those "pertinent" parts are described fully and accurately; if not, then the trust may fail to accomplish what you want it to do. Your attorney is likely trying to err on the side of caution just in case the trust fails to do just that. If you are still bent on having it way, then remember you pay to retain your attorney's counsel but do not have to follow it. Good luck!
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It is awkward for attorneys to give you advice when you are currently represented by an attorney.
Most trusts that I create for my clients do not use the word revocable in the title and the language in the trust controls what type of trust that is created.
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I agree with my colleagues. Those attorneys were probably not estate attorneys.
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I've had a Florida Department of Revenue Documentary Stamp Tax Auditor tell me that her rule of thumb is to presume that Florida Documentary Stamp Taxes are not imposed on real estate record transfers to revocable trusts or their trustees, but are imposed on transfers to irrevocable trusts or their trustees. If you are dealing with a revocable trust, and you will be recording deeds in Florida, I'd therefore vote for use of the word "revocable" in the name of the trust. The audit request letters and any follow up in person meeting with the FDOR required in the event of an audit or review are a hassle. Why not try to avoid that up front? Also, if you ever have to finance or refinance any Florida real property related to the trust, the word "revocable" in the trust name may also help increase the lender's comfort level from the start, and speed up the process. Beyond those considerations, we are talking personal and professional preferences versus legal effect of the name chosen.Ask a similar question
I also agree with the attorneys answering your question. You can choose any name for your trust. The operative terms will be in the body of the trust and not the title. In order for a trust to be irrevocable, it must contain specific language (not just a title). Additionally, the statutes in Florida state that a trust is deemed revocable, unless the trust specifically states it is an irrevocable trust. Please see 736.0602 Revocation or amendment of revocable trust.—
(1) Unless the terms of a trust expressly provide that the trust is irrevocable, the settlor may revoke or amend the trust. This subsection does not apply to a trust created under an instrument executed before the effective date of this code
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