Tag Archives: beneficiaries
Some basic information about Florida trusts
Most Florida residents know that a will is traditionally the central component of a good estate plan because it spells out the testator’s specific wishes regarding their assets. And while a will can specify details about the distribution of property, sometimes a better option is to create a trust in order to properly manage… Read More »
What does a Florida court consider probate assets?
The process of carrying on with one’s life after the loss of a beloved family member can be traumatic for many Lee County, Florida, residents. Once the funeral and burial services are finished, this is usually followed by the process of gathering the deceased’s possessions and determining what to do with them. Items of… Read More »
Florida calling for more probate judges
The Florida Supreme Court has recently put the state Legislature on notice to the fact that Florida needs more judges. The State’s highest court cited the large number of cases, the increased complexity of those cases and new legislation as the primary reason for requesting 32 new judges. One of the biggest areas of… Read More »
Florida probate laws always changing
Florida has a well-established probate code that dates back to the turn of the 19th century. In addition to the code, our state enjoys ample legal precedent from judges that have interpreted these laws. As a result, there is some continuity and certainty in the probate of an estate. At the same time, the… Read More »
Trust administration help available to Fort Myers residents
Every day in America, including Fort Myers, someone learns that he or she has been named the trustee of a trust, and every day someone wonders what the trustee of a trust is supposed to do. In many respects, the trustee is simply tasked with carrying out the terms of the trust. The trust,… Read More »
Fort Myers residents, self-dealing and estate administration
A recent revenue ruling issued by the Internal Revenue Service (IRS) has caught the attention of many estate planners in the Fort Myers’ area. The ruling concerned an individual who had sold an interest in his company to a trust for a note. Under his will, the man then conveyed the note to several… Read More »
Trust Administration Experts Available in Fort Myers
By now, most individuals are familiar with the general concept of a trust. Rather than just gifting a large sum of assets to beneficiaries, many individuals choose to direct those funds in a controlled way. The most common example is grandparents who provide for their grandchildren’s education before granting them a larger lump sum… Read More »
Fort Myers trustees and trust administration
Trusts are becoming more and more common in the estate planning process. From revocable living trusts, which exist during a trustor’s lifetime, to a testamentary trust created by someone’s last will, trusts can and do arise in a multitude of situations. In their simplest form, trusts are nothing more than an entity, which controls… Read More »
Florida probate laws lay Groundwork for efficient administration
Like most states, Florida has a lot of laws. These laws are codified and made available to the public. While many of them may not interest the average Floridian, the probate laws may be interesting to those tasked with administering an estate. These statutes set forth such things as will formalities, intestate succession and… Read More »
Why is probate administration important?
Virtually everyone has heard about and fretted over the word “probate.” Probate, the court supervised gathering and distribution of a deceased person’s assets, has gotten a bad reputation in Florida and in other states because of the administrative hoops loved ones must jump through. While there are certainly formal requirements, the process of probate… Read More »
