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...
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...
When Florida residents decide to make an estate plan that covers their assets and estate if they were to pass away, one of the most important decisions to make is choosing the executor. As you are already one step ahead by setting up an estate plan, there are several...
In the aftermath of losing a loved one, it can be challenging to focus on legal matters. However, if they left a will, your loved one’s estate is likely to go through probate court. Understanding what assets are subject to probate can help you prepare for the process....
Although same-sex marriage is now legal in all states including Florida, you and your partner may choose to remain unmarried. In that case, it is important to understand how to approach estate planning so that you may ensure your partner has certain rights and...
When it comes time for Florida residents to create an estate plan, a common misconception is that it is only necessary for elderly individuals. The truth is that almost everyone can benefit from an estate plan. Not only does this make sure that assets go where they...
When people want to ensure their families will be cared for after their deaths or when they are looking to better manage their properties, many Floridians consider establishing trusts. Essentially, this estate planning tool allows people to transfer ownership of...
Although the probate process has a lengthy, costly reputation, Florida offers residents a streamlined form of probate called summary administration. This may be the best option when an estate has few creditors and/or the estate assets are creditor-exempt. Whether you...
Many Floridians are under the impression that as long as they leave behind a will, they can keep their estate from going through probate. Though a will can certainly make it easier to administer a person’s estate, it does not eliminate the intervention of probate...
If you created an estate plan, you are well ahead of many Palm Beach residents. You took the time to plan what you want to happen during trust and probate administration after your death. However, depending on what has happened in your life since you created that...