Author Archives: Site Administrator
What components are essential for a valid will?
Most Florida residents know that a valid will is an essential foundation of a good estate plan. That’s because an expertly prepared will can go a long way to protect assets and ensure that the testator’s final wishes are properly carried out. But what specific requirements must be included in a will in order… Read More »
Husband and children fight over art collector’s sizeable estate
Many times careful estate planning by the testator can avoid squabbles between their designated heirs later on. Precise instructions on what benefits are to be awarded to a specific beneficiary through the use of a well-thought out and understandable will can render the testator’s final wishes apparent. However, this is not always the case… Read More »
Rocker leaves sizable estate to wife, children and two others
Deciding who should receive one’s assets after they pass away can sometimes involve careful thought and rigorous planning. An individual may also have to consider different methods to pass their assets on to their heirs. Now, it seems that one famous rocker carefully considered this very question when he created his will. Rocker David… Read More »
Lawsuit claims partner stole millions from other pantyhose heir
Differences between business partners can be a fairly common occurrence. These differences can even continue after one of the partners dies and the other partner and the testator’s family members both inherit the estate. This is apparently true for the heirs to the estate of the creator of the L’eggs pantyhose container. One of… Read More »
Frequent estate planning mistakes that should be avoided
Good estate planning can go a long way to ensure that all of the testator’s final wishes are carried out. However, even a solid estate plan can be undone by simple careless mistakes that may not be obvious to many individuals. So here are two common estate planning errors that should be avoided at… Read More »
What federal taxes must be paid during the probate process?
The probate process is intended to settle the estate of an individual who has recently died. It is overseen by a court and identifies and collects all of the testator’s assets and tries to distribute them to any beneficiaries that have been named. But probate must also identify any debts that the testator had… Read More »
Finding the right firm is crucial to your success
When deciding on law professionals to form legal documents for your estate planning, one needs to find a firm with not only experience and knowledge of the law, but a firm dedicated to working with clients on an individual and personal basis. Legal documents and law in general can seem overwhelming to many; it… Read More »
A Will: why you should have one
The sad reality is that, despite the time and financial benefits associated with creating a will and the headaches that can be avoided during probate for people involved following the death of a loved one, many Americans still do not have a will. A will guarantees that your wishes are granted and your estate… Read More »
Common kinds of fiduciary duty
It is common when drawing up estate plans to name someone to take care of and oversee these plans in order to ensure that the testator’s wishes are explicitly followed. This person is usually known as an executor, depending on the types of estate plan documents that have been developed. Once named, the executor… Read More »
Is there a difference between summary and formal administration?
If an individual living in Florida dies without owning any property or other asset in their name alone, it may be possible to avoid going through the probate process. However, if that person did indeed own property or other assets in their name alone, then their estate must go through probate. But many Florida… Read More »
