Many parents worry less about leaving assets behind and more about what those assets might do once their children receive them. Adult children can be capable and independent yet still struggle with money habits, debt or inconsistent spending. Estate planning offers a...
If you own property in Florida but live in another state, your family may face a legal process called ancillary probate after you pass away. Understanding whether this applies to your situation can help you plan ahead and potentially save your loved ones time, money...
Owning property in more than one state can create unexpected legal complications for your loved ones after you pass away. Understanding how the process works can help you plan around it and prevent any issues that may come up. The basics of ancillary probate Ancillary...
Losing a loved one is never easy. If your family member passed away while owning property in more than one state, their estate administration may need to go through a secondary probate process. To help provide a better understanding of this topic, here are three key...
As a parent ages or faces health problems, questions about who should make decisions can come up. In some families, everyone agrees on what to do next. Still there are others who may ask: Can adult children disagree about guardianship, and what happens if they do?...
Ancillary probate in Florida is a secondary probate proceeding used when someone who has passed away was domiciled in another state but owned property subject to Florida’s jurisdiction. Conversely, if an individual resided in Florida but possessed property in another...
The probate courts help oversee estate administration and enforce state laws regarding asset distribution and creditor claims. After someone dies, the executor they personally selected must reach out to the courts to begin the probate process. The probate process does...
The probate courts help oversee estate administration. They ensure that the personal representative complies with the law and upholds estate planning instructions. The courts also help address any conflicts that arise during the probate process. The probate courts...
An executor or personal representative administers an estate. A trustee is responsible for administering a trust. Both parties must manage resources, comply with instructions in the estate planning documents and defer to state law. They must communicate with...
Many families in Florida include stepparents and children from earlier relationships. This blended family setup can make planning for the future harder. When someone remarries or raises children from another relationship, questions about who inherits, who cares for...