One of the most confusing and potentially contentious topics when it comes to estate planning is where the assets go if one or both parents die without a will. This can be especially complex if a parent has remarried. You and other Florida residents with blended...
Estate Administration & Probate
Beneficiary designations are an important part of estate planning
Estate planning is often not as simple as just writing a will. Assets like retirement accounts, annuities and life insurance pass to heirs through a beneficiary designation. Here are some things Florida residents may need to know about beneficiary...
Locating assets when a loved one dies
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....
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...
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...
Probate disputes and sibling rivalry
The probate process can be challenging for a myriad of reasons, and those who are struggling with the recent loss of someone they love may be incredibly stressed out when it comes to managing the estate. For example, someone who is in charge of managing their loved...
What do I need to know about having an estate sale?
Estate administration can get complicated after the death of a loved one, especially if the deceased was your last remaining parent. You likely received an inheritance, which could include a monetary sum, as well as your parents’ possessions. In fact, your...
Interested parties and contesting wills
When Florida residents want to contest a will, there may be a question as to whether they are an interested party as it pertains to the estate of the decedent. It is important to note that interested parties are not limited to the people who are listed in the last...
What are some misunderstandings about estate planning?
Do you ever think about what will happen to all your earthly belongings after you die? You may not dwell on it, but it is a good idea to at least give it some thought. Many people do this by creating an estate plan. However, not enough people are creating estate plans...
Probate can be avoided with careful planning
The goal of avoiding probate is near the top of the list for many Florida residents when establishing their estate plans. And while it is typically desirable to do so, probate is not necessarily a negative process and at times may be useful. For example, where there...