Category Archives: Estate And Probate Administration
Miami-Dade Senator Proposes Informal Process for Inheriting Bank Accounts Under $10,000
Florida law currently provides a number of ways to help you distribute your assets upon death without the need for formal probate. For example, you can open a joint checking account with your spouse or child, which ensures that the surviving account holder automatically inherits all of the funds (unless you provide otherwise). Alternatively,… Read More »
Undue Influence
Undue Influence Has a loved one’s will been changed without your knowledge? Was your inheritance written out? Are you concerned that someone has been conspiring to get the inheritance for themselves? If so, it is possible that you might have a legal claim of Undue Influence and a chance to void the will. Undue… Read More »
A standalone will plus a testamentary trust can simplify probate
Sometimes a person creates a pour-over will that is supposed to place their remaining assets in a revocable trust, they sometimes fail to first fund that trust. However, merely having such a trust can simplify the probate process. This is because the executor of the person’s estate, as the trustee, may be able to… Read More »
What happens when there’s a title issue with your home?
Most people barely notice the cost of their title insurance premium when they are closing on their home. After all, compared to the six-figure price tag of your home, that $1,500 or so seems unimportant. However, that title insurance premium can help protect you from the loss of your most important investment and biggest… Read More »
How long does the probate process take in Florida?
After a person in Florida passes away, there are certain legalities that must be met. Unless a person has a trust, his or her property will have to go through the probate process. This is true if a person had a will, or if he or she died without a will (known as intestacy.)… Read More »
Three tips for executors facing a will challenge
Getting named as an executor or executrix of a will is a serious responsibility. These responsibilities are put to the test when the will in question is challenged. What leads to a will challenge? A will can be challenged for a number of reasons. Two of the more common instances that result in ac… Read More »
Typical functions of a will executor
An executor is an individual named in a testator’s will who is charged with taking care of any legal and financial responsibilities that the deceased individual needs to settle. This can include paying any outstanding taxes for the testator’s estate, settling any debts for the estate and selling off any property that is required…. Read More »
What usually happens during the process of probate?
It is only after someone’s death that the process of actually settling their estate and distributing their assets can begin. For most beneficiaries, this means that their family member’s estate documents will need to go through probate. But to many Florida residents, the process of probate can sound very mysterious. So what exactly happens… Read More »
Tips that can help someone choose the right executor
Picking the right person to act as an executor of an estate is not a simple task. Many times people who seem to be a logical choice, such as a spouse or a son or daughter, may not have the qualities needed to properly take care of a testator’s estate. But, there are some… Read More »
Preparing for baby? Three tips to get your finances in order.
Getting ready for a baby is an exciting and terrifying time. Putting together a crib and changing table prove to be bonding experiences of epic proportions for parents. This is true both with the emotional it’s-really-happening as well as the typical putting-together-furniture-is-so-frustrating issues. Amid these bonding experiences, you may find yourself having panic attacks… Read More »
