It is typically very difficult to sue an executor of a will, but it is possible in some cases. It is not common: if suing executors were commonplace, it is unlikely that anybody would want to take on the role. In most cases, any lawsuits that third party levies...
Estate Planning
How may a special needs trust receive and use assets?
If you have a child with a disability, you may create a special needs trust to provide support after your death. As reported by CNBC, trusts may include money or property used to support a special need while also protecting its beneficiary's income. By naming the...
Do family members make good executors?
Naturally, many people want to turn toward those who know them and their family situation best. In most cases, this is another member of the family. However, a person does not have to choose a family member to serve as their executor. In fact, in some cases, another...
Tips for reducing inheritance conflict among siblings
When you have more than one child, you may need to work extra hard on your Florida estate plan to help ensure fairness and reduce the chances of your children fighting with one another over their inheritance. Inheritance conflicts have the potential to do permanent...
What is a spendthrift trust?
Do you have a child who is financially irresponsible? If so, a spendthrift trust may be just the solution you are looking for to protect him or her from himself or herself as well as from his or her creditors. Florida authorizes spendthrift trusts under Section...
Estate planning considerations for unmarried same-sex couples
Anyone who wishes to protect their assets, interests and loved ones after their death should look into proper estate planning methods. Since Florida recognizes both heterosexual and same-sex marriages equally, the estate planning process for all spouses looks similar....
What duties are up to an executor?
An executor holds a lot of responsibility and shoulders many duties in their management of an estate plan. To that end, it is important to pick the right person for the job. But in order to do that, someone must know exactly what duties an executor performs. Tasks of...
Should you review your estate plan?
After writing an estate plan, many people think that the job is done. However, estate plan maintenance and management continues from the moment an estate plan gets created, to the moment of its creator's death and even beyond. An important part of this process is to...
Estate planning and grandchildren
If you want to make changes to your estate plan because you recently became a grandparent or you have multiple grandchildren and want to include them in your estate plan while setting up a will or trust, you need to take various factors into consideration. It is...
What does estate planning look like for singles?
When you hear of the term "estate planning," you probably think of an older couple with a significant number of assets. With lots of heirs and plenty of people to designate as beneficiaries, an estate plan may seem pretty critical to a large family. However, what...