It can sometimes be problematic for people in Florida to locate all the assets of an estate after a family member or loved one passes. Often, the decedent will have several different accounts and property held in different states or by different means of ownership....
Month: March 2019
Florida Estate Executors Must Pay Taxes Due on Gross Estate
Estate executors are required to file and pay any taxes due on an estate within nine months of the death of the estate owner. If more time is needed, a six-month extension can be obtained by filing the proper forms. The taxes are exacted on the gross estate, which...
Protect your disabled loved one with a special needs trust
As a Florida resident who has a disabled child or adult in your life, you will likely face unique estate planning considerations that differ considerably from those faced by your peers. In addition to getting your own affairs in order, you will likely also need to...
Protecting assets and beneficiaries with a trust
If a beneficiary has a substance abuse problem, it may be necessary to design a trust that takes this fact into account. Parents and grandparents in Florida must first choose what type of role the trust will play. For instance, it could simply be a means of providing...
What are some different types of trusts?
Floridian residents have a lot to figure out when looking into trusts. Not only are there many different types of trusts, but each one suits a different need and purpose. At the , we strive to help you find the type of trust that suits your...
Types of people who can be beneficiaries
Floridian residents have the option of setting up trusts in order to benefit an individual, several people, or even an entire organization or the general public. There may be some limitations on who can be a beneficiary, however.Black's Law Dictionary defines a trust...
Revival trusts available for those hoping to live again
Florida residents who plan on being revived at some point in the future may want what is called a revival trust. It can ensure that there is money and resources available to live on in the event that cryonics proves to be an effective way to beat death. If a person...
Protecting adult children from themselves
Parents in Florida looking to provide financial peace of mind for their children sometimes set up an irrevocable trust with the assumption that the funds will be used responsibly by the time they are accessible. Unfortunately, this is not always the case. It's not...
The role of revocable trusts in estate planning
When it comes time to begin the estate planning process in Florida, there are many options to consider. A will, power of attorney and medical directives are just some of the common instruments that may be part of a comprehensive estate plan. Another possibility is...
What are the duties of an estate administrator?
If you have recently lost a close friend or loved one, you may have been named the administrator of the estate. Although you may be going through an array of different emotions at losing a loved one, estate administrators are responsible for tying up the...
