Estate administration can be a lengthy process. Especially if someone has significant personal property and financial obligations. It can take months to complete the probate process. Estate or trust administration can become even more difficult and protracted if...
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Probate & Estate Administration
How personal debts can impact probate proceedings in Florida
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Aug 23, 2023 | Probate & Estate Administration
The probate process is often necessary for sizable estates in Florida. Those with property worth thousands of dollars (or more) and/or real estate in their names when they die will usually need to have their assets pass through probate court before their loved ones...
3 common reasons people initiate a probate lawsuit
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Feb 24, 2023 | Probate & Estate Administration
Most probate hearings simply function as part of the technical process of estate administration. The courts review paperwork and sign off on important transactions to help ensure compliance both with state law and the wishes of deceased individuals. Sometimes, though,...
Simple probate: Summary administration
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Dec 21, 2021 | Probate & Estate Administration
Probate administration is fairly straightforward in most cases. It’s a legal process that allows you to transfer property out of a deceased person’s estate and to pass it on to those entitled to an inheritance. Probate is also known as estate administration in...
When does an estate require its own tax return?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jun 23, 2021 | Probate & Estate Administration
As the executor of an estate, you have to handle a lot of responsibilities for someone else. You need to reach out to all of their creditors and distribute their assets out to their family members. You also have an obligation to file their last tax return and...
3 frustrating probate issues and how to avoid them
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Apr 27, 2021 | Probate & Estate Administration
Dying without a will puts your family in a difficult position. It now has to go through probate, which means going to court during a stressful time in your loved ones’ lives. It also means spending more money on court and legal support, and it means that there could...
How long does an executor have to worry about debts during probate?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Mar 23, 2021 | Probate & Estate Administration
One of the most important obligations an executor has to an estate is the repayment of debts. In fact, if you make mistakes with how you handle property in an estate, those owed money by the deceased can hold you responsible as the executor in some circumstances....
What you need to do about an executor’s fiduciary duties
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jan 22, 2021 | Probate & Estate Administration
The executor of an estate has many responsibilities, known as their fiduciary duties. An executor must always act in accordance with the deceased's wishes, and for the benefit of the estate and its heirs. It's important to understand the role the executor plays in...
What happens when your parent dies broke?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Oct 31, 2020 | Probate & Estate Administration
More and more seniors are winding up dying broke and/or heavily in debt. If you are an adult child of an aging parent, you might be named as the executor of your parent’s estate. When they die without resources and owing plenty, you can find yourself in a financial...
Caregivers can provide undue influence on an elderly person
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Oct 16, 2020 | Probate & Estate Administration
The person who provides care for your loved one as they age is in a position of authority. The more dependent your aging loved one becomes on a caregiver, the more power that other person has. Whether your family member moves in to a nursing home or they marry a much...
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