If you’ve ever needed to transfer property in Florida to a family member or add someone to your property’s title, you’ve likely heard the term quitclaim deed. While quitclaim deeds are relatively simple in comparison to other types of property deeds, it’s important to...
Estate Administration
What is probate and should I avoid it?
Probate is the legal process that happens after a person passes away. A probate court looks at the person’s will to make sure it is valid and oversees the distribution of the person’s assets according to the person’s will. If the person who passed away did not leave a...
What debts will an estate need to pay before a family can inherit?
Families need to address numerous financial and practical challenges when one of their own dies. Those who lose a loved one who crafted an estate plan before they passed will have some degree of guidance regarding what they should do with their assets. Even if someone...
Who pays the debts for an estate?
When an elderly family member passes away, you may find that you are listed as a beneficiary in their will. This means that you’re going to inherit some of the assets that they have left behind. Beneficiaries are often heirs, but they don’t have to be. You can be a...
When can you distribute assets from an estate?
If your loved one has passed away and you are the executor, the first thing to remember is that you have to make sure you pay out creditors and cover debts with the assets belonging to the estate before you dole out those assets to the beneficiaries. While you may...
Why do siblings so commonly fight over inheritance?
The loss of a parent means that children go through a wide range of emotions. They will likely experience denial and disbelief, anger, blame, depression and guilt. These unsettling emotions can manifest themselves in different ways, meaning that in many circumstances,...
Breach of fiduciary responsibility must be handled properly
One of the duties that a person has when they're setting up their estate plan is naming a person to handle the estate after their death. The administrator of the estate has various things to do, including making sure that the bills for the estate are paid and that the...
What happens to my loved ones’ assets when they die?
The days after a loved one's death are traumatic and can bring out a lot of emotions. Some aren't pleasant, but you'll still have to contend with them. One thing that you need to do is to think logically about the decisions you have to make in the upcoming days and...
What does it mean to die intestate?
Most people die with some form of estate plan in place. They may have written a simple will, or they may have extensive estate plans in place that include several trusts. However, when a person dies without any form of estate plan in place, it means that they were...
Can I exclude stepchildren from my will?
If you are a surviving spouse and you have stepchildren from that marriage, it is likely that your late spouse wanted your will to include them. During your spouse's lifetime, you may have even discussed setting up a trust in which all of your children and...
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