After someone’s death, there is no automatic method to distribute their assets to their heirs. In most cases, the estate could go through probate, which helps manage and administer the estate under the court’s direction. This process can involve numerous procedures,...
Crystal River Florida Legal Blog
3 trust options for high-asset married couples in Florida
When estate planning, married couples with high-value assets put a premium on their privacy. That’s why they tend to create trusts over wills to do away with the probate process. This gives added protection for their assets and confidentiality. However, creating a...
How important is it to plan for incapacity and death?
Have you ever thought about what would happen to your assets and loved ones if you were to become incapacitated or pass away suddenly? The reality is that life is unpredictable. Incapacity or death can strike unexpectedly. When you plan for incapacity and death, you...
What is a pour-over will?
Creating an estate plan is an effective way to make decisions and give directions on what will happen to your estate after your death. No matter which estate planning tool you use, such as a trust or will, its enforceability may hinge on its features and functions....
What happens if a deceased loved one did not leave a will?
A will is a part of an estate plan, and when a person passes away, there is a distribution of assets to their heirs through the legal process of probate. Typically, parties look to a decedent’s estate plan for guidance on what they want to happen with their...
How to manage your duties as executor of an estate
Following the passing of a loved one, it is now up to you as executor to ensure that their final wishes are respected and fulfilled. However, nobody informed you of the level of commitment the role would require. Suddenly, you find yourself burdened by seemingly...
When is it reasonable to remove or replace an executor?
During probate, an executor appointed by the deceased can have significant responsibilities involving the estate and beneficiaries. As someone appointed by the testator to oversee their assets, the person in this role must complete tasks and comply with regulations as...
What will happen to my special needs child when I am gone?
Parents constantly worry about what will happen to their kids when they are no longer around. However, for those raising special needs children, their parental journey includes additional layers of concern. Children with disabilities may require extra care and...
Why should beneficiaries understand the duties of a fiduciary?
In the intricate world of estate planning and wealth management, the role of a fiduciary stands as a cornerstone of trust and responsibility. A fiduciary is a personal representative appointed by a principal to act on behalf of the principal when they are no longer...
Can you receive an inheritance before probate ends?
An inheritance can serve as a financial boost, allowing you to pay for emergencies or make a significant purchase. However, the probate process can be slow, putting your money on hold. At times, the administration of a complex estate could extend probate to more than...