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Trusts are legal arrangements that allow individuals to transfer their assets to a trustee who is then responsible for managing and distributing them to specified beneficiaries. Trusts can be an excellent estate planning tool that helps you protect your assets....
Dying without a will, also known as intestate, can have significant consequences for your loved ones. In Florida, specific laws govern how your assets are distributed if you don't have a will in place. Understanding these rules is crucial to protecting your family's...
Putting aside money and property into a trust may seem like a good idea, but you might worry you could change your mind about placing assets into a trust later on. By then, it may be too late to retrieve them. As an alternative, you could consider a testamentary...
In the aftermath of a loved one's death, the process of probate starts to take care of their assets. However, there are instances when the challenging of a will interrupts the peace of this legal procedure. This act, while not very common, is not unheard of....
Amid the complexities of divorce, it is important to review and update your Florida estate plan to align with the changes in your personal and financial circumstances. Failing to revisit and adjust your estate plan during this significant life event can lead to...
Creating a will or estate plan is an important step in ensuring that beneficiaries get the correct assets. However, undue influence occurs when someone exerts improper pressure or manipulation over a person, causing them to make decisions they would not have otherwise...
If you serve as an estate executor, you will carry out the last will and testament written by the decedent. However, wills come in various types and perform different functions. One uncommon kind of will is the pour-over will. This is an estate document that works in...
Naming an executor is a critical aspect of estate planning. This person becomes responsible for handling matters after you die, so selecting someone up to the task remains vital. Some individuals embody the characteristics that constitute a fantastic executor. When...
Estate planning is an essential task, ensuring a smooth transition of assets after death. Despite its importance, many misconceptions surrounding estate planning lead people to make inadequate plans or delay planning altogether. These misconceptions can create...
When you consent to assume the role of executor for a loved one's will, it falls to you to oversee matters of that person's estate when they ultimately pass away. While an executor's duties always entail significant commitment, the process is generally smooth and...