The Florida Bar states, “The personal representative is the person, bank, or trust company appointed by the judge to be in charge of the administration of the decedent’s probate estate. In Florida, the term “personal representative” is used instead of such terms as...
Month: May 2013
DOES A REVOCABLE TRUST PROVIDE PROTECTION FROM CREDITOR CLAIMS
The Florida Bar states: “In Florida, the trust assets are not protected from the claims of your creditors. During your lifetime the assets in a revocable trust are treated as owned by you, and subject to the claims of your creditor as if you owned them in your...
DO I BENEFIT BY AVOIDING PROBATE?
The Florida Bar states: “Avoiding probate may lower the cost of administering your estate and time delays associated with the probate process. However, many of the costs and time delays associated with probate, such as filing a federal estate tax return, will also be...
KNOW IF MY ASSETS ARE PROPERLY TITLED TO MY REVOCABLE TRUST?
The Florida Bar states: “The account statement, stock certificate, title or deed will make some reference to the trust or to you as trustee. You might also elect to fund your trust by naming the trust as a beneficiary of life insurance or other similar arrangements....