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Every trust has different parties that have different rights and obligations based on their role as expressed in the trust instrument. The settlors are the people who are signing to set up the trust. The settlors may also have other roles, but their only role may be...
A ladybird deed is a deed that allows you to retain control of your real estate while you are living but you designate the individuals who you would like to take that real estate after you pass away. According to the American Council on Aging, a ladybird deed allows...
As a resident of Florida who already has an estate plan, you may think this is enough and that you can stop thinking about estate planning. Unfortunately, that is not entirely true. As things change in your life, you will want your estate plan to be as updated as...
When a couple in Florida makes the choice to get married, they often spend a lot of time discussing plans for their wedding. A lot of energy also commonly goes to the logistics of their new post-marriage life including where they will live, when each person's children...
Serving as an executor, or personal representative, of a deceased family member or friend is a solemn undertaking. The decedent no doubt felt that you were trustworthy and capable of carrying out his or her wishes. However, now that the time has come to act, do you...
No one likes thinking about their eventual death, and that is especially true of those who recently graduated from college or just received their first job offer in Florida. That said, your younger years are exactly when you should start putting together your estate...
You may think that once you die, it is over, and there is nothing more to do, but that is not entirely true. Your estate lives on and the tax man wants his cut one way or the other. While many people in Florida do not have a large enough estate to incur federal estate...
A prenuptial agreement is typically put into play to protect one party in the marriage who has more assets. If you enter a marriage where one of you has a greater amount of money, you may create this type of agreement to offer protection should you ever decide to...
Probate court is not always a requirement: It is possible to prevent probate with proper estate planning. This could save a family from having to undergo a long and difficult court process. If your family owns property in Florida, without an estate plan your assets...
It is not unusual for Floridians and people across the nation to put off the creation of an estate plan. Perhaps they do not want to think about their inevitable death. Or it could be due to a misconception that only people who have significant assets need wills or...