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September 2015 Archives

Family dispute over Whitney Houston inheritance

Whitney Houston fans in Florida may have been following news stories regarding who will get the $20 million inheritance from her estate that passed to her daughter, Bobbi Kristina, who later died at the age of 21. A trust had been set up for Bobbi, and she received 10 percent of it upon turning 21. She would have received another 15 percent at age 25 and the remainder of it at age 30.

Duties of executors

Florida residents who have been named executors of a will or who are preparing their own may wonder what kinds of duties an executor has. While they deal with complex financial matters, executors are not expected to be experts on taxes or legal issues. An executor may and often will hire professionals to advise on these matters.

Unmarried couples and estate planning considerations

Some unmarried couples in Florida may be interested to learn more about their options with respect to estate planning. Though there are important differences in the way estates are handled for married and unmarried couples, thsoe who have chosen not to marry may nevertheless be able to manage their affairs in a way that secures their well-being.

Personal needs are part of trust planning

As some Florida residents may know, establishing a trust is one method which some people utilize in their estate planning. There are several different types of trusts, and determining which one is right can be important. In each instance, a trust is created by a grantor, with the property therein being managed by a trustee for the benefit of the trust's beneficiaries.

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