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Estate Planning for Florida Residents: Avoiding Probate
The probate process can be expensive, time-consuming, and emotionally draining. Fortunately, estate planning involves setting up probate avoidance safeguards. Read on to learn what legal instruments can help your assets and heirs stay clear of probate. What Is Probate? Probate is a legal procedure that may take place after you pass away. During this process,…
Read MoreCreating a Will in Florida: Here’s What You Need to Know
Estate planning attorneys in Florida often encounter many misconceptions when it comes to wills. A will is a legal document that provides instructions for the distribution of a person’s assets upon their death. It is an essential tool for ensuring that one’s assets are distributed in accordance with their wishes. At its most basic, a…
Read MoreIf I Die Without a Will in Florida What Happens to My Debts and Property?
Specialized laws determine what happens when you die without a valid will or trust in place. Although rumors circulated that the government can take your property if you don’t have a will, this only happens in rare circumstances. The biggest problem with not having a will is that your loved ones will be uncertain about…
Read MoreWhy a Will Won’t Help You Avoid Probate
When you die, the estate you leave behind must go through the probate process unless you’ve taken actions that remove everything from your estate in some way. During probate, the court supervises everything while your personal representative notifies creditors, pays bills, files taxes, and distributes remaining assets to your loved ones. Many people have heard…
Read MoreWhy You Should Get Your Estate Plan in Order Before Going on Vacation
In addition to getting someone to water the plants and take care of mail while you’re away, there’s one more task you should add to your “to-do” list before you head off for your big vacation. Make sure your estate plan is up-to-date. Why now? Some critical tasks can help if you experience an emergency…
Read MoreHow to Leave Property to Adult Children
Leaving property to adult children in Florida can raise many questions. Do adult children inherit automatically? Should you jointly title assets with an adult child to make estate administration easier? And what happens if a parent decides to leave a child out of their will? The information below can help you understand the estate planning…
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