Tax Related Duties of a Personal Representative
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | February 20, 2024 | Estate Administration & Probate
When planning your estate, it is important to carefully choose your personal representative (in some states called an executor). This person is responsible for settling your affairs after your death. This role has an extensive list of duties, including organizing your assets, coordinating with your creditors, and fulfilling responsibilities to your heirs or beneficiaries.
Confusing or Missing Documents Often Derail Estate Administration
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | November 2, 2023 | Estate Administration & Probate
In an ideal situation, at your death, your estate would be administered and distributed harmoniously, without snags or mistakes. However, there are a few ways estate administration can go wrong, resulting in resentment and even lawsuits.
Digital Assets and Online Accounts Should Not Be Ignored
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | October 11, 2023 | Estate Administration & Probate
It’s easy to overlook certain assets when preparing an estate plan, especially online accounts and digital assets. To further complicate matters, too many of such assets never provide notice via regular mail, and the only proof of their existence is digital, such that your loved ones might never be aware of them.
What if my spouse died and never updated their will?
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | June 15 2023 | Estate Administration & Probate
Losing a loved one is never easy, especially when that loved one is the person with whom you shared a home and life. The stress and grief may be compounded But, what happens if your spouse never updated their will to include you after you got married, or perhaps did not include you in a will executed after you got married. You may be concerned about your ability to inherit any of your spouse’s estate.
With careful planning Probate can be avoided
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | April 16, 2023 | Estate Administration & Probate
Probate Administration (usually just referred to as “probate”) is the legal process for transferring the assets of a deceased person to the beneficiaries under their Last Will and Testament, or if none exists, then to their heirs as determined by statute.
Appointing a Personal Representative for Your Estate
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | January 16, 2023 | Estate Administration & Probate
You may have heard the terms “Executor” “Executrix” “Administrator” “Administratrix”, or “Personal Representative.” These are all synonymous terms used to describe the person entrusted with administering the estate of a person that has passed away. Florida uses the term “Personal Representative” for this person.
A Power of Attorney in Estate Planning
On behalf of Law Offices of Frye & Vazquez, P.L. | November 8, 2021 | Estate Administration & Probate
Put your mind at ease by including a Durable Power of Attorney in your estate plan. This way, you will know that someone you know and trust – not the courts
Probate Without a Will
On behalf of Law Offices of Frye & Vazquez, P.L. | June 28, 2021 | EstateAdminstration & Probate
A will’s job is to legally protect the assets and wishes of a person who passes away. The probate process ensures that the will is legal and carries out the way its owner intended.
What are the duties of an estate administrator?
On behalf of Law Offices of Frye & Vazquez, P.L. | Mar 5, 2019 | Estate Planning
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 estate’s loose ends and ensuring the property included in the last will and testament is property distributed to the heirs to which they were intended.
Fiduciary duty for executors and trustees
On behalf of Law Offices of Frye & Vazquez, P.L. | Sep 27, 2018 | EstateAdminstration & Probate
< p>A person in Florida who has been appointed the executor or trustee of an estate has a fiduciary duty. This is a big responsibility, and the job can be overwhelming. However, the executor or trustee can seek help from professionals.