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May 2016 Archives

Probate administration process features several steps

The death of a loved one is understandably a stressful time for families in Florida. Not only do they have to deal with the emotional aspect of losing a loved one, but they also have to deal with the complexities of probate administration. An attorney can guide both beneficiaries and executors through the probate process that is necessary to access the assets and accounts of deceased loves ones in the Sunshine State.

Estate planning involves determining how to divvy up assets

Many people steer clear of the estate planning process simply because they prefer not to discuss topics related to death. However, estate planning is one of the most important processes to complete. It is also one of the most complicated. The question that many people in Florida and other states have during estate planning is how they should divvy up the assets they plan to pass to the next generation.

Estate planning involves creating wills, trusts

The search continues for the will of the late musician Prince. Without it, his family will have to rely on a probate court's decisions regarding what will happen to all the assets he left behind. The ordeal calls attention to the importance of estate planning, which is essential not just for millionaires but also for ordinary people in Florida. A couple of tips may help people to complete comprehensive estate planning.

Examining some of the most common estate planning mistakes

Last week, our blog discussed how much of the world was not only shocked by the sudden passing of Prince, but also by his failure to have executed even a simple will. Indeed, his estimated $300 million estate is currently at the center of a brewing legal battle among his sister and five half-siblings.

What are the alternatives to formal probate? - II

In our last post, we began discussing how those who have elected not to execute an estate planning instrument designed to avoid the formal probate administration process still have options. Specifically, we examined disposition without administration, one of two abbreviated alternatives to formal probate.

Guardianship can prove helpful in certain scenarios

When people in Florida are concerned about incapacitated family members, guardianship might be appropriate for their situations. Different types of guardianships exist with the purpose of ensuring that people's loved ones receive necessary care. There are three common scenarios in which a guardianship may be deemed necessary.

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