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September 2019 Archives

Using contracts to protect assets in real estate

The real estate industry in Florida is constantly experiencing ebbs and flows of productivity and can be a thrilling resource to invest in. Outside of real estate investments, there are people who engage in transactions simply to buy or purchase a property for their family to live on. Regardless of a person's reason for becoming involved in real estate, contracts play a critical role in protecting both the buyer and the seller. 

Do you need to replace a trustee?

Trusts are some of the most effective tools anyone with an estate plan can use, and when planned and run well, they offer strong property protections and peace of mind that few other things can. Trusts also require human trustees, and this is where many estate plans run into trouble.

Considerations when selling a home as an estate administrator

Serving as the executor for an estate or as the trustee for a trust that is part of an estate is both an honor and a lot of work. You will need to fulfill certain obligations, including paying the debts of the deceased individual, as well as carefully following the instructions they left behind in their last will or estate plan.

How does estate planning cover digital assets?

Part of estate planning often includes naming an agent in your will or giving a trusted individual power of attorney. Including these people in your will may give them certain rights to access your communications and financial information in order to execute the terms of your will. Nowadays, your estate may include more than just physical bank statements and letters. You may have online banking accounts, electronic communications, social media profiles and other digital assets. In recent years, legislators have updated Florida law to provide guidance on how and when fiduciaries may access digital assets.

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