Many residents of Cocoa contemplate a variety of estate planning options over time. While we don’t give advice in our Brevard County legal blog, we do share thoughts about some of those options.
A certified financial planner recently wrote about the mistake she sees people making over and over. She that certain estate planning errors keep popping up, preventing people from effectively protecting their loved ones.
When you glance at a family as a neighbor or a co-worker might, you will often see an outward appearance that everything is fine with them. Their lives appear to be going according to plan. But if you look a bit below the surface, you sometimes spot issues and problems requiring attention.
Despite the avalanche of information available to us all online, we can regardless find myths in many aspects of modern life. One example of an area where myths persist is in estate planning.
The loss of a loved one is an emotionally difficult time. It can be made much more complex for those who have been named estate administrator. For them, the job of locating and distributing assets and making their way through complicated legal processes can be overwhelming.
Regular readers of our Brevard County legal blog know that we often write about the court-supervised process that identifies, gathers and distributes assets after a person’s death. Florida probate does more than that, however.
Probate is the legal process in which your property is distributed after your death. Your estate executor (the person you designated to manage your estate) will typically initiate the process of legally transferring your assets to beneficiaries after a Florida probate court has validated your will.
Janet Reno was both an important and controversial figure in American history. Our goal in today's Brevard County blog post isn't to dissect the pros or cons of our nation's first female Attorney General, but rather to discuss how her estate illustrates an important aspect of Florida estate planning.
It is simply true that the vast majority of people who have accumulated substantial financial assets in Brevard County did not do so by accident. Rather, they worked hard, saved, invested wisely or ran a successful business.
As our Brevard County readers undoubtedly know, Florida probate is a court-supervised process in which assets are identified, gathered and then distributed to beneficiaries. Those assets will also be used to cover the cost of probate, funeral expenses and outstanding debts before the remainder is distributed.