How to Dissolve a Revocable Trust in Florida
Having a revocable trust in Florida can help your heirs avoid the lengthy probate process. A revocable trust allows you to change or completely remove the trust from existence at any time. People with $75,000 or less in non-exempt assets can avoid probate in Florida by having their heirs file for summary administration, which is a simplified version of probate. If you'd rather your assets went through probate or summary administration, or if you want to dissolve your trust for any reason, you are legally able to do so under Florida law.
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Instructions
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Contact your lawyer. Have him draft a document revoking the trust. This is a simple document that he should be able to prepare quickly.
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Contact your trustee. The trustee is the person who administers the assets for your trust on your behalf. You may be listed as one trustee, but there should be another who would have managed your assets in the event of your death. Ask her to meet with you.
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Explain to the trustee that you are revoking the trust. Ask her to sign the document saying that she will no longer be acting on behalf of the original trust.
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Sign the document revoking the trust yourself. Have two witnesses sign the document as well.
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Have the dissolution document notarized. Send copies to your lawyer, the trustee and anyone else who was signatory to the original trust. You should also retain a personal copy.
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References
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