Revocable vs. Irrevocable Trusts: Advantages and Disadvantages
When creating your estate plan, you have many options available to you that enable you to keep control over your assets after you pass away. One of the main ways to accomplish the goal of controlling the flow of your assets is a living trust, sometimes referred to as an inter vivos trust.
What is a Preneed Guardian in Florida?
Children need their parents. Not only do the child's parents care for them, but they also make basic decisions for the child until they reach the age of maturity. But what happens if the parents pass away? Then the law appoints a guardian for the child to make decisions that the child is legally incapable of making, like medical or [...]
How Many Different Types of Probate are There in Florida?
You may, at first blush, think that the probate process is the same for everyone and that the process simply takes into account differences in the value of different people’s estates. In Florida, however, that is not the case. In fact, there are four main types of probate processes depending upon the circumstances of the recently deceased.
What Can a Self-Cancelling Note Do for My Estate Plan?
When you want to find ways in which to pass on your assets to your children with as few encumbrances as possible, then you sometimes need to get a little creative. That is what trusts & estates attorneys do. We find ways for you to pass on your legacy to your children and other heirs that maximize their benefits and [...]
Should You Consider Using a Private Annuity in Your Estate Plan?
For so many families, the thought of estate planning and acknowledging the inevitable is scary and unpalatable. No one wants to consider a future without their loved one and they often put it off until the last possible moment. However, that approach usually leads to tough decisions that need to be made in the most difficult emotion moments, which is [...]
Using the Right of Survivorship in Your Estate Plan
You might have heard the term, but you have been afraid to ask the question “What does the right of survivorship mean?” Well, in this article, we are going to discuss the question “What does the right of survivorship mean?” and we will go a step further to inform you about how the right of survivorship can help immensely with [...]
Let Us Answer Your Ancillary Probate FAQs
You may have heard the term “ancillary probate,” but don’t know what it means. So, if you need an answer to the question, “what is ancillary probate?” this is the blog for you. In this article, we are going to answer typical client questions about ancillary probate, and why it is something that you typically would like to avoid. If, [...]
What Must a Trustee Representative Do Under Florida Law?
“Trust takes years to build, seconds to break.” When a loved one creates a trust, he or she names a person to serve as “trustee” (sometimes called a “trust representative,” or “trustee representative”). That person has the responsibility to administer the trust according to the rules created for the trust, and to protect the beneficiaries of the trust. In fact, [...]
So, Does Life Insurance Have to Go Through Probate?
“If you don’t know where you’re going, you’ll end up someplace else.” – Yogi Berra. Yogi Berra was not only a great ballplayer, but some of the most clever, confusing-yet-still-true quotes are attributed to him. And the above quote, with all of its folksy charm, says it all when it comes to probate matters and estate planning. That is to [...]