Few would find any downside to effective estate planning since the process could make handling an estate easier for surviving relatives. One mistake Florida residents involves assuming that single persons don't need to perform these tasks. Unmarried residents could...
Estate Planning
The pros and cons of joint tenancy when trying to avoid probate
Joint tenancy is a common practice in Florida. However, it’s important to know that there are both pros and cons of it if you want to avoid having the real property go through probate. When you have all the information, you can decide whether a joint tenancy is worth...
What did you forget when you wrote your will?
Many individuals see the creation of a comprehensive estate plan as an arduous task – and they are glad when it’s over. It is not uncommon for people to rush through the process to get it over with. They often never go back to review or revise various elements after...
Standing to contest a will
Not everyone is permitted to contest a will. An individual can only challenge the authenticity of a last will and testament if they have standing in probate court, which means they will be directly affected by the terms of the will. As a Florida resident, here are...
Do transfer on death accounts avoid probate?
When someone dies with or without a will, some assets must go through probate. Florida probate courts do not become involved with "transfer on death" accounts, as TOD accounts automatically execute once someone passes away. Some may wonder about setting up as many TOD...
Why have a trust?
Some people in Florida believe that they only need a last will and testament for their estate plan. While a last will and testament can be beneficial, creating a trust might help some people accomplish other important estate planning purposes. Unlike wills, trusts do...
How to review an estate plan after a move
If you have recently moved to Florida, it's generally in your best interest to update your estate plan. This may be especially important if you're looking to establish domicile in the state for tax purposes. Establishing domicile in a new state may also play a role in...
Should you try to prevent probate?
Going through probate in Florida can be a double-edged sword. In some cases, it gives the judge time to distribute your assets among your family members; in others, it forces your family members to wait months before they can receive their inheritance. You might not...
Tips for creating your estate plan
There is more to estate planning in Florida than simply creating a will, although that is one important element. In addition to stating what you want to happen to your assets, you can also use a will to name guardians for your minor children. Trusts Those guardians...
Dividing property if there is no will
You may not be able to control when you pass away, but there are some things that you can do to plan for your death to take some of the burden off your family. One solution is to make a will with the assistance of an attorney in Florida. If you don't make a will or...
Many Family Law situations can have a big impact on your future.
Don’t forget to update your estate plan.