Death is an inevitable occurrence that neither you nor your loved ones will ever be ready for. But while you cannot minimize your family’s grief in case something happens to you, you can prevent creditors from manipulating them into paying your debts and other...
Probate and Estate Administration
Understanding Florida inheritance taxes
When you receive an inheritance in Florida, it is essential to know whether or not you need to pay taxes on that inheritance. In general, Florida is a tax-friendly state when it comes to inheritances, but understanding the specifics can help you plan for any potential...
Order of asset distribution: whom does the estate pay first?
The distribution of estate assets could be tricky because even before the administrator can distribute the assets to the beneficiaries according to the estate owner’s wishes, the estate has to cover certain debts and costs first. Understandably, this process might...
Grounds for challenging wills in Florida
It is ideal for all interested individuals for the enforcement of a will and the distribution of assets to go smoothly. However, some circumstances can lead an affected party to worry about the will’s validity and force them to bring an action to the court. Proving...
What qualities and skills should you look for in an executor?
When thinking about the future and what to write in your will, you may want to seriously consider who you choose as your executor. This person will need a personality and set of skills that can deal with the difficulties of managing debts and assets, along with other...
Will your family make it through probate?
Drafting a will may feel morbid, but when it comes to taking care of your family, it is necessary. Otherwise, your estate may fall into the court's hands. Even with a proper will, does your family have the financial resources to wait for its disposition? Probate is a...
Is this an example of undue influence?
Matters of the estate often bring up conflict due to the involvement of large amounts of assets. In fact, some people may try to take matters into their own hands and get more of an estate than the grantor wanted them to have. They may do so through methods of...
Can you protect your parents from undue influence?
If your parents live in a nursing home or another long-term care facility, you undoubtedly recognize the importance of keeping close tabs on them. After all, because of staffing shortages, nursing homes sometimes fail to meet the needs of their residents. In addition...
Will a family member make a good executor?
When choosing an executor for your estate, you will likely look toward those closest to you first. For many people, perhaps including yourself, this list will often include or even entirely consist of relatives. But are relatives your best bet when it comes to an...
Can you face lawsuits for mismanaging an estate?
When someone names you the executor over his or her Florida estate, you may feel both honored and stressed about the responsibility that comes with the title. Serving as someone’s executor takes time and effort. You also need to be sure to cover all your bases when...
