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Palm Beach Estate And Probate Blog
What types of trusts are there?
Florida residents may wish to have a trust. They have many different uses. There are also many types of trusts that cover varying purposes. Today we will look at some of the types of trusts that are common. First, most trusts fall into two categories: revocable and...
What individuals have to be a part of the probate process?
Probate is an often misunderstood process. Many people fear it because of the many misconceptions about it. However, probate is a good thing that ensures when you die that things happen according to your wishes. There are many people involved in the process to ensure...
When is the ancillary probate needed?
You may have heard of the term ancillary probate. According to LegalZoom, ancillary probate occurs when your loved one dies in one state and they own real estate in another state, for example, Florida. This only applies to real estate. It does not apply to personal...
Use of summary administration in probate
Summary administration is governed by Chapter 735 of the Florida statutes, and it is entitled to small estates. This may be a misnomer because it is not just small estates that can qualify for summary administration. According to theBalance, other large estates...
Common estate administration mistakes
As the executor of an estate, you have many important duties that you must carry out and a lot of responsibility on your shoulders. The person who put you in charge put a lot of faith in you to properly manage the estate. This means you will want to do everything...
How to select an executor for your will
As a new calendar year gets set to begin, many people in Florida may want to take the opportunity to review not only their resolutions but also their estate plans. Whether creating an all-new estate plan or updating an existing one, giving careful consideration to the...
Named a guardian of the property – Now what?
Due to age, illness or other factors, you may take on the management of the money and property of a loved one who is unable to make financial decisions for themselves. To gain the legal authority to provide this type of assistance to your family member, you may seek...
What is a special needs trust?
Formulating a regular will in Florida can be a process on its own, but if you are looking to provide for a loved one with special needs, the situation becomes much more complicated. In the event that you are looking to support a loved one with special needs,...
3 things to know when contesting a will
When a loved one dies, your first thoughts are usually not about his or her estate. However, as time goes by, you will have to focus on estate matters. If you discover the will he or she left behind does not make sense to you and what you knew about the person, you...
Reducing the pressure of discussing an estate plan
While estate planning is absolutely an important topic for families in Florida to discuss, it is also one that can be challenging to talk about because of its sensitivity. While planning an estate means coordinating beneficiaries and delegating tasks for the execution...
