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...
Estate Administration
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...
Three Signs That The Fiduciary Duty Has Been Breached
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...
Avoid These Mistakes When Administering An Estate
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...
Should You Appoint A Loved One As Your Personal Representative?
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...
The essential duties of an executor
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....
Recognizing the value of executor compensation
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...
What happens during estate litigation?
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...
We found more than one will; now what?
Handling your deceased loved one’s estate through probate can seem like an enormous task. You may be unfamiliar with how probate works, or lack clear instructions regarding what your loved one wanted. If you discover that there is more than one will, it can add...
I’m a personal representative; now what?
It can be gratifying to find out that your loved one named you as the personal representative for their estate. Choosing you for this role means they trust you to oversee the distribution of their estate now that they have passed away. Acting as a personal...