407-680-1471
Couples facing a high-net-worth divorce are already looking at a process that is likely to be long, complex and, perhaps, very public. If one spouse is hiding assets, the risks will outweigh the benefits, and the unintended consequences could stretch far into the future.
More financially sophisticated
Sooner or later the subject of inheritance comes up in wealthy families. Parents become concerned about how inheriting large sums of money affect their children. A sit-down family discussion is not always the best way forward, and some wealthy parents get the point across to their children using more creative means.
An uncomfortable chat
When your loved one or close confidante entrusts you with taking care of his or her affairs after passing on, you have a serious responsibility on your hands that requires careful consideration and attention to detail. Taking on the role of executor over someone's estate means that you agree to handle certain critical tasks, and making mistakes in your role as executor can have major consequences.
Because so many executors make similar errors, recognizing some common executor mistakes can help you avoid making them yourself. So, what types of errors are today's executors making?
The contract is one of the most important building blocks of a successful business. It is a part of almost all business relationships, so undoubtedly you will be signing many as you grow your company.
Because contracts are so standard, or maybe simply because you are inexperienced, you may not put as much effort as you should into reviewing them before signing. Not being thorough can land you in trouble should you or the other party breach the terms of the agreement due to lack of understanding.
When a loved one passes away, sorting out a lifetime of belongings often yields family treasures, but sometimes we overlook the most precious items. That is what happened to the family of a former Coast Guard officer, but an odd coincidence forestalled what could have been an unfortunate loss.
The back story
The last thing you want is your family to squabble over your estate once you die. You do not want your relatives fighting over money and assets. Instead, you want the probate process to go as smoothly as possible.
You must remember that probate litigation is a possibility. Your family may experience a lot of stress and have several concerns once you pass away. Here are some estate planning best practices you can follow to reduce the chances of your family fighting over their inheritance.
You may have a valid reason for sharing valuable company information. In fact, sometimes you have no choice but to do so. One of the best business decisions you can make is to protect confidential information through the use of a nondisclosure agreement, or NDA.
Why you need a nondisclosure agreement
If you were shocked and dismayed when you discovered the contents of your recently deceased Florida parent's will, you may be questioning whether or not you should challenge it. The answer to that question depends on what grounds you think you have for the challenge.
As you might expect, just because you did not inherit exactly what you thought you would does not mean that you can mount a successful will challenge. After all, your parent owned the property and had the right to distribute it however he or she wished - with a few notable exceptions.
Obtaining a judgment against a defendant is a large enough task. But when the defendant has moved to Florida and you're practicing out of state, collecting on that judgment can be a difficult or impossible task.
Collecting on a foreign judgment can be a long and complicated task. A task that may be too time-consuming for many attorneys to even consider taking on.
You are beginning to make funeral preparations after your father's recent passing when you start getting calls from creditors and mail from debt collectors. It seems that your parents had a significant amount of debt, and now their creditors expect the heirs to pay.
How should you react to this unpleasant and confusing situation?
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North Office
950 South Winter Park Drive
Suite 320
Casselberry,
FL
32707
Toll Free:
800-587-2470
Phone:
407-680-1471
Phone:
407-680-1471
Casselberry Law Office Map
South Office
BY APPOINTMENT ONLY
13574 Village Park Drive
Suite 235
Orlando,
FL
32837
Toll Free:
800-587-2470
Phone:
407-680-1471
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