Serving as the personal representative during probate is often a significant task. This position involves fulfilling duties on behalf of the deceased, which usually includes financial and administrative responsibilities. Additionally, the person for this job should...
Probate can be lengthy and costly, usually varying depending on the estate, its details, and its value. However, in some scenarios, the estate can skip probate and qualify for less formal alternatives that may become applicable according to the circumstances. One of...
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...
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...
Trustees and estate executors are instilled with large responsibilities. By the nature of their role, they are tasked with putting the interests of the estate and its beneficiaries first. That might sound easy enough, but all too often allegations are made that these...
Estate administration is a big responsibility. And if you’ve never been tasked with the duties associated with this role before, then you might worry about carrying out your responsibilities as intended. To avoid an undesirable outcome, you’ll want to avoid some of...
An integral part of estate planning is appointing a personal representative as your fiduciary and fiduciary to your estate. If you have a will, you name an executor. If you have a trust, you assign a trustee or successor trustee, depending on the kind of trust you...
Being named executor of a loved one's estate is both an honor and a significant responsibility. As the executor, your deceased loved one is trusting you with the important task of overseeing the administration of their estate and carrying out their final wishes....
Administering an estate requires a considerable amount of time, effort and expertise. Executors, the individuals entrusted with this vital role, ensure a smooth and efficient estate administration process. Here's what you should know about the factors, statutory...
Estate litigation can arise when there is a dispute over the distribution of a person's assets after they pass away. In Florida, estate litigation can take many forms, including will contests, trust disputes, and claims against the estate. Here is an overview of what...
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