When an estate enters probate, the court will appoint a personal representative to manage the assets. If the representative is an individual, that person must either be a Florida resident or a close relative of the decedent. A qualified and authorized bank or savings...
Month: October 2014
How are estate creditors involved in probate?
Among the primary reasons for probate in Florida is the satisfaction of the debts of the decedent. The personal representative of the estate is required to provide notice of probate to any reasonably ascertainable or known creditors. Upon notice, creditors typically...
Understanding special needs trusts
Families in Florida may benefit from learning about the advantages related to special needs trusts. For some parents, a special needs trust is the primary tool for helping to ensure a child's future stability. These trusts enable parents to transfer funds for the...
The continuing importance of living trusts
Trusts have long been an important part of many Florida estate plans. The trust instrument has evolved to include specialized forms for all sorts of specialized situations, but the living trust continues to be among the most popular and useful of estate planning...