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...
Probate & Estate Administration
What may happen to assets discovered after probate?
It can be a great relief to complete your duties as an estate executor. However, sometimes the end of probate is not the final end of the inheritance process. It is possible to discover property later on, even after the closing of probate. In the event you find assets...
Who may contest a will during probate?
The probate process can be a high-tension time during which the court will confirm the validity of a will and administer the deceased's estate with assistance from a named executor. Tensions may flare further if a family member believes they have a reason to contest...
What is the importance of probate?
When you envision what steps you need to take in the time after a loved one or family member dies, your mind may go to their will and remaining assets. Going through probate when administering an estate is an important step to giving all the beneficiaries what the...
Are you ready to handle the deceased’s finances?
When you serve as the executor of the estate, you typically need to manage the deceased's finances. However, going through another person's financial records can often be difficult and you may not know where to start. In the immediate aftermath of a loved one's death,...
Understanding the importance of paying off creditors in probate
After a loved one dies in Florida, family members will have a great deal to consider. If the person had an estate plan, this can go a long way toward easing the legal process to settle their affairs. While many will be focused on how the assets are distributed among...
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...
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...
Mistakes to avoid in estate administration and will execution
Family members in Florida often fight over the privilege of becoming the person in charge of estate administration. However, few people really understand the work that comes with executing the responsibilities that accompany this role or that of an executor.The...
Know the inheritance rights of the surviving spouse in Florida
Florida law has many rules in place for managing probate and estate issues. Generally speaking, if the family members of someone who dies don't agree with the terms of the last will or estate plan, the family can challenge the plan in probate court. The courts will...
Many Family Law situations can have a big impact on your future.
Don’t forget to update your estate plan.