Tampa Irrevocable Trust Attorneys
Tampa’s expanding business and real estate scene means more individuals need strong legal protection for their assets and families. At Southron Firm, P.A., our Tampa irrevocable trust attorneys have years of experience helping clients design trusts that protect wealth, lower tax liabilities, and secure family legacies. We build trust structures that comply with Florida law and reflect your personal and financial goals.
We understand that estate planning can feel complex and overwhelming — that’s why we provide clear guidance every step of the way. Serving clients across Tampa, including Hyde Park and Westshore, we are ready to help you protect what matters most.
If you’re ready to take control of your estate plan, contact our Tampa estate planning attorneys today to schedule your consultation.
What Is an Irrevocable Trust?
An irrevocable trust is a legal arrangement where you transfer ownership of your assets into a trust that cannot be changed or revoked once it’s created. Once established, the trust owns the assets, not you. This setup helps protect your assets from creditors, lowers estate taxes, and ensures your property is distributed exactly as planned.
Revocable vs. Irrevocable Trusts
A revocable trust can be changed or cancelled at any time during your lifetime. You retain control, but the assets remain part of your taxable estate and may be vulnerable to creditors. An irrevocable trust offers stronger asset protection and potential tax advantages because you give up direct control over those assets. That trade-off is often worth it for people who want long-term security for their wealth.
In Tampa, we often set up irrevocable trusts for clients who:
- Want to protect business assets from lawsuits or creditors
- Are planning for Medicaid eligibility while preserving family property
- Wish to reduce estate taxes for their heirs
- Own high-value real estate in Hillsborough County or surrounding areas
- Need to protect inheritances for children or grandchildren
By choosing the right structure, an irrevocable trust can give you peace of mind that your assets are safe and your wishes will be carried out exactly as intended.
Benefits of an Irrevocable Trust
An irrevocable trust can do more than just hold your assets — it can be a powerful tool for protecting your wealth, reducing taxes, and making sure your family is taken care of for years to come.
Here’s how our Tampa irrevocable trust attorneys help clients benefit from this planning strategy:
Asset Protection from Creditors & Lawsuits
Assets placed in an irrevocable trust are no longer legally yours, making them a powerful asset protection tool. Because of this, creditors and lawsuit judgments generally cannot reach them. In Tampa, we’ve helped business owners, landlords, and high-net-worth individuals shield property and savings from unexpected legal claims. For example, a local landlord we represented protected multiple rental properties from creditor actions by funding an irrevocable trust.
Tax Advantages
Transferring assets into an irrevocable trust can reduce the size of your taxable estate. This may lower or even eliminate estate taxes for your heirs. Our attorneys design trusts to take advantage of Florida’s estate tax exemptions and benefits while aligning with your financial goals.
Medicaid & Long-Term Care Planning
Long-term care costs can quickly drain savings. Properly funding an irrevocable trust years in advance can help you qualify for Medicaid without losing your home or important assets. Our attorneys guide Tampa clients through Florida’s Medicaid look-back rules to maximize protection. For instance, we recently helped a Tampa family secure Medicaid eligibility while preserving their primary residence through a trust.
Privacy for Your Estate
Unlike a will, an irrevocable trust doesn’t become a public record after you pass. This keeps your financial details private and out of probate court. By placing assets in an irrevocable trust, you can also help your family minimize or avoid probate, ensuring your property is distributed smoothly according to your wishes. Many Tampa families value this privacy as much as the financial advantages. To learn more about Tampa’s probate process, visit the Hillsborough County Clerk of Court.
Generational Wealth Transfer
An irrevocable trust lets you control how and when assets pass to future generations. You can set conditions—such as age or education milestones—to help guide heirs. We’ve helped families across South Tampa and nearby areas preserve property, businesses, and investments for decades.
Contact our Tampa irrevocable trust attorneys today to schedule your consultation and take the first step toward a secure estate plan.
Why Choose Southron Firm, P.A. for Irrevocable Trust Services in Tampa?
Setting up an irrevocable trust is a major decision that affects your finances and your family’s future. Tampa residents trust the Tampa irrevocable trust attorneys at Southron Firm, P.A. because we combine proven legal skill with a deep understanding of the community’s unique needs.
Whether you live in Hyde Park, Westchase, Carrollwood, or downtown Tampa, we create trusts that comply with Florida law and meet your specific goals.
Here’s why Tampa relies on Southron Firm, P.A.:
- Transparent, upfront pricing so you know exactly what to expect.
- Decades of combined experience creating trusts that hold up under legal scrutiny.
- Straightforward, practical advice tailored to your financial and personal priorities.
- Personalized guidance from your first meeting to finalizing your trust documents.
- Detailed knowledge of Florida trust laws and Hillsborough County legal procedures.
When you choose Southron Firm, P.A., you gain a legal partner committed to protecting your assets, honoring your wishes, and helping you secure a lasting legacy.
The Process: How We Help You Set Up an Irrevocable Trust
At Southron Firm, P.A., our Tampa irrevocable trust attorneys guide you through every step of creating an irrevocable trust so you feel confident and informed throughout the process.
Here’s how we work with you:
- Initial Consultation: We begin by understanding your financial situation, family needs, and long-term goals. During this meeting, we explain how an irrevocable trust can protect your assets, reduce taxes, and address your concerns.
- Asset Review and Goal Discussion: Next, we review your assets—whether real estate, business interests, or investments—and discuss the best way to structure your trust. We consider tax savings, Medicaid planning, and other objectives important to Tampa residents.
- Drafting and Legal Formalities: Our attorneys carefully draft the trust documents to comply with Florida law. This step ensures your wishes are clearly stated and legally enforceable, avoiding potential issues in the future.
- Funding the Trust: An irrevocable trust works only when assets are properly transferred into it. We assist you with retitling property, transferring accounts, and assigning ownership to the trust. We’ve helped Tampa clients transfer everything from family homes to business interests smoothly and efficiently.
- Ongoing Guidance: Once your trust is in place, we stay available to answer questions, update documents as laws change, and advise on managing the trust. Our goal is to keep your trust effective and aligned with your goals over time.
Contact our Tampa trust and will attorneys and start protecting your assets and your family’s future with a trust tailored to your needs.
Why Tampa Residents Trust Us with Their Irrevocable Trusts
Creating an irrevocable trust requires clear legal guidance to protect your assets and secure your family’s future. Throughout Tampa, individuals and families rely on Southron Firm, P.A. because we combine solid legal experience with practical knowledge of Florida law to craft trusts that meet your goals and stand up in court.
Whether you live in Westshore, Tampa Palms, or Seminole Heights, we balance state regulations with your personal needs to deliver straightforward, effective estate planning solutions.
Here’s what one client shared about working with our Tampa irrevocable trust attorneys:
“Just can’t say enough about this Law Firm. My wife and I needed to get our Future in order with our estate and life savings, something that took a lifetime to achieve. We contacted Southron Firm, P.A. on the advice of a friend who had used them previously and it proved to be great advice. Our call to the office received an immediate response from Mr Southron and all of our questions and concerns were answered. They took the time to explain everything in detail in a manner that was very easy to understand. Abigail Foster was very prompt with getting the completed paperwork to us, where we could finally have piece of mind knowing everyone of our final wishes were taken care of in the future. Their price was very reasonable and we would recommend them HIGHLY. Thanks!!!!!” – Mike L.
At Southron Firm, P.A., we focus on creating clear, reliable irrevocable trusts that give you peace of mind and protect what matters most for generations to come.
Contact Our Tampa Irrevocable Trust Attorneys
Protect your assets and secure your family’s future with a carefully drafted irrevocable trust. Our Tampa irrevocable trust attorneys help residents create trusts that reduce risks, provide tax benefits, and ensure your wishes are followed exactly. We offer clear advice, prompt communication, and personalized service—so you can plan confidently and with peace of mind.
- Schedule a Consultation Today
- Location: 400 N Ashley Dr, Suite 1720, Tampa, FL 33602
- Phone: (813) 773-5105
- Email: people@southronfirm.com
