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...
Trust And Probate Administration
Navigating probate in multiple states
During probate, the court appoints an executor to handle administrative duties, including paying debts, distributing assets and closing the estate. The probate process can be difficult to navigate, especially if your loved one owned real estate in multiple states. In...
What is the role of a successor trustee?
Creating a trust can be of great benefit to your family or a cause you are passionate about, provided that there is a trustee to manage the trust assets until the time comes to distribute them. Even if your trustee is young and in good health, an unforeseen event such...
What happens if you get named a personal representative in Florida?
If you are appointed as a personal representative in a will in Florida, it is important to understand what this means for you. Keep reading to learn more about your fiduciary duties and responsibilities. A personal representative in Florida A personal representative...
What can delay the probate process in Florida?
Probate is a necessary process after a Florida resident passes away to make sure their assets are properly accounted for and that their wishes are carried out to the best of the state's ability. While the goal is to make it as easy as possible, things in the estate...
How to choose an agent to act on your behalf as a power of attorney
There comes a time in everyone's life when setting up a power of attorney makes sense. That moment is different for everyone. One aspect of the legal document that remains the same for all is the need to select an agent to act on your behalf. How does a power of...
What you need to know about probate
Many families go through the probate process for small estates in Palm Beach, Florida. After the loss of a loved one, the heirs should understand how to navigate the probate process as well as its pros and cons. What is probate? Probate is a court-supervised...
Is summary probate or formal probate administration appropriate?
Navigating the world of probate and figuring out how to follow the wishes of a loved one according to their will is a confusing process. Tackling these challenges while still grieving your loved one is stressful. Depending on the size of the estate involved and a few...
Pros and cons to probate sales in Florida
You have been looking for a property in Florida for a long time, and once finally you find something that you like, your agent tells you that it is in probate. What are the advantages and disadvantages of buying that property? What is a probate sale? If someone dies...
Do creditors have a claim on my loved one’s estate?
When a loved one passes away, they may leave behind debt. Family members may wonder what claims the decedent’s creditors have on the estate. In Florida, the probate process handles the payments of debt; however, not all debts are eligible. Here is what all...
