Many Florida residents may wonder what happens to debts after someone dies. Are surviving children responsible for that debt, and can creditor claims be made on any inheritance that is passed on? Unfortunately, there is more than one answer to these questions.Yes,...
Probate Litigation
Inherited 401ks subject to creditor claims, thanks to new ruling
It's a pretty fair to say that most people would like to leave something behind for their family members when they die. Even though every financial situation is different, passing on an inheritance to loved ones is a strong desire for many Florida residents....
Probate litigation can help ensure final wishes are carried out
Planning a final estate, while time-consuming and sometimes difficult, is generally considered a necessity for everyone in Florida or elsewhere. It literally takes a lifetime to build an estate, and deciding what to do with it all in the event of death can be taxing....
Estate planning results in desired outcomes
Florida residents may be wondering whether their spouse is able to steal their Social Security payments. When a person is no longer capable of handling his or her own finances, a representative payee can manage the money, but they must use the funds for the benefit of...
Mandatory arbitration provisions may help
In 2007, the state of Florida became the first state to implement the mandatory arbitration clauses in trust litigation contexts. The process of arbitration is often less costly, more private and faster than prolonged court disputes. Mandatory arbitration has been...
Estate planning basics
With more people retiring or relocating to Florida, fewer are taking the necessary steps to ensure their family's future with an estate plan. Though estate planning can be an essential part of setting up loved ones for a stable financial future, it is often difficult...
Probate is not necessarily a dirty word
Of all the words associated with estate planning, probate carries one of the most negative connotations. Many Florida residents' views of probate are so gloomy that they set up their wills and estates in order to make every effort to avoid probate. Probate can be an...
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