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Selecting somebody to administer your estate after your death is a crucial part of making your estate plans. You should feel sure that your choice can handle all of the tasks required of the position. Since the job of being a personal representative can take a lot of...
Section 734.101 of Florida’s Probate Code allows an out-of-state resident to serve as a Florida testator’s personal representative. After executing a will, testators may send copies to their personal representatives. The Florida Legislature website notes that...
As you continue your estate planning and write your will, you may begin to think seriously about who you can depend on to carry out your final wishes. Picking a personal representative is a serious task, and learning more about what traits are most helpful to succeed...
If someone dies and has a will, the distribution of the decedent's assets occurs through probate. However, if someone dies without a will, known as intestate, there may be more questions as to how distribution occurs. Florida has a specific succession of heirs that...
A last will and testament, commonly referred to as a will, is a legal document that outlines the distribution of your property and assets in the event that you die. This document dictates who inherits your investments, cash, homes, valuables, vehicles and more. What...
Some individuals overlook the importance of updating estate plans after an illness or other unexpected event. If you experience an illness, you may wish to revise your will or living trust to prepare for a potential emergency. Because your circumstances have changed,...
Florida’s statutes recognize pets and animals as your personal property, as noted by the Florida Bar Journal. While your pets may be part of your family, they may not inherit your assets. You could, however, include instructions in your will or trust for someone to...
Probate is the legal process for the management and closing of a decedent's estate. In formal probate administration, a judge appoints a personal representative to administer the estate. The personal representative can be an individual, a financial institution or a...
A trust can be a useful part of yoru estate. It allows you to leave assets to someone without the concern of probate. You also can provide exact instructions for disbursement and use the trust to divide assets in ways that may be more difficult in a will. According to...
When making plans for the future, especially via estate planning, your focus often stays on how you want things done after your death. This can include important aspects of estate management and asset division. But what about instances in your life where you might...
