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Now that you’re getting older, one of the things you’ve kept up on is your life insurance. You want those around you to have the ability to pay off any debts you have left and to take care of themselves once you pass away. Initially, you’d left the inheritance to your...
Trust & Probate Administration
Now that you have decided to create a trust, you need to fund it
Creating one or more trusts is an excellent way to safeguard your assets and ensure they can pass on to your heirs intact. However, it is not enough to create a trust. You must add your property to give your trust value. When people begin their estate planning...
Does your estate plan need a trust?
One question that a lot of people have is if a trust is something that they need in their estate plan. Trusts are sometimes seen as legal documents that are only for the wealthy, but the reality is that they can help most people. There are many different kinds of...
Understanding who can serve as a personal representative – III
In a series of posts, we started discussing the basic qualifications that a person must satisfy in order to be appointed to serve as personal representative of an estate here in Florida. We also discussed the process whereby the circuit court will appoint someone to...
Understanding who can serve as a personal representative – II
Last time, we began discussing the basic requirements that a person named as the personal representative of an estate must be able to satisfy in order to serve in this vital role, and how those people found by a circuit court judge to meet these basic requirements are...
Understanding who can serve as a personal representative
When a loved one passes, there are seemingly innumerable questions that must be answered once the funeral arrangements are complete and sufficient time for mourning has passed. Indeed, chief among these inquiries is who has been appointed to serve as the executor of...
Deciphering the intricacies of Florida’s probate process
Once the shock and grief over the passing of a loved one begin to subside, questions naturally start to arise among family members as to what is going to happen concerning the deceased's assets and debts.While most people understand that it will likely prove necessary...