Trusts are tricky, but once you get a good grasp of how they work and the responsibilities that come with it, you can add properties without worries. However, when the properties you want to include in your living trust are contaminated, the rules on liability are...
Month: October 2023
Tips for avoiding probate
Probate is a legal process that can be time-consuming and costly, and it often adds unnecessary stress to an already difficult situation. Fortunately, there are strategies you can employ to avoid probate and streamline the transfer of your assets to your heirs....
Do all creditors get paid during a Florida probate?
Before personal representatives distribute an estate’s assets to the decedent’s heirs and beneficiaries, they should first pay the deceased debts and obligations as part of the probate process. However, this does not mean that every creditor who makes a claim against...
How often should you update your estate plan?
An estate plan is one of the most important legal documents you can ever prepare. With a valid estate plan in place, you can rest assured that your wishes will be honored if you are incapacitated or when you are not around to speak for yourself. For your estate plan...
What is the difference between an heir and a beneficiary?
When creating an estate plan, people are generally leaving their assets to heirs and beneficiaries. These groups may have some overlap, but there are some key distinctions between the two. To start with, heirs are direct descendants of the deceased. This term is most...
