Tag Archives: Estate administration
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 »
My dad’s estate is going into probate: What should I expect?
If your parent recently died in Florida, the estate will likely need to go through the probate process. In the vast majority of probate cases, the process will be uncontested. However, if there is a disgruntled family member, a contestation is possible. In this case, you may need to take legal action to protect… 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 »
What is a Power of Attorney?
A Power of Attorney is a legal instrument that allows a designated person to act on your behalf. They are your agent and have authority to make decisions. The range of decisions they can make depends on which Power of Attorney you have executed, there are three. The 3 types of Power of Attorney… 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 »
Case shows how estate planning snafu snubs intended beneficiary
The devil is in the details. This phrase is often true when it comes to legal matters. A recent case is bringing attention to just how important the details are when it comes to estate planning. What happened in this case? The case involves a woman who was going through a divorce. In an… Read More »
What are some steps executors in Florida can take?
Being an executor of an estate in Florida can be a little intimidating. After all, there’s a lot of responsibility that’s abruptly thrust upon that person. One moment, they’re living their normal life, and then suddenly they have to make significant decisions about the estate for a family member or friend who has just… Read More »
