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Florida has a very high percentage of retirees among its residents. Quite a few older adults are snowbirds who spend part of the year in Florida and the remainder of the year in another state. Many others move full-time to Florida to enjoy their retirements in a state...
Those who put effort into crafting a thoughtful estate plan take steps that could take care of their loved ones in the event of their passing. Florida residents who think an estate plan is never subject to revisions could be mistaken. There are numerous instances when...
Florida testators will have likely named an personal representative in their will. An personal representative role is critical in managing and distributing the decedent's estate according to their wishes and the applicable laws. The duties of an personal...
Florida's Unclaimed Property Law: Reclaiming Lost Treasures Imagine a forgotten bank account from your college days or an uncashed check tucked away in some old documents. Many people are unaware that such dormant assets are still rightfully theirs, waiting to be...
If your loved one passes away in Florida, their estate will go through a probate process. The estate administration and actions necessary to guide the estate through the probate process will depend on whether they had a will. When a person dies with a will, this legal...
If a testator had real estate in another state that they passed on to a beneficiary through their will, then it will go through ancillary probate. Each state has its own process for handling real estate holdings after the owner's death. Florida courts only have...
A trust is one of many estate planning tools that may help you achieve your short and long-term goals. For instance, it may be used to keep your Florida home out of your estate or to keep other assets from being subject to probate. Trusts may also be used to keep the...
When a person passes away in Florida, their will dictates who will inherit their assets. Some assets, such as retirement accounts, cannot be bequeathed in a will. Instead, the account passes on to whoever the owner names as a beneficiary. It is also wise to name an...
Trusts form an important part of Florida estate planning, and many people choose them to avoid the type of challenges commonly made against wills. However, certain circumstances do allow you to contest a trust. Mismanagement by the trustee One of the most important...
Death can leave a lot of unanswered questions for Florida families. The process of transferring assets and belongings can be difficult for many, especially as bill collectors come calling. There’s no easy answer to what happens to debt after someone dies. A lot of it...