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Posts tagged "beneficiaries"

Florida law allows for some changing of trusts

"Decanting" a trust is a legal option that's becoming more popular; some states have adopted decanting statutes, including Florida. To decant a trust means to rewrite or redo the old trust to account for changes or unforeseen circumstances that the original wording in the trust may not cover. At first glance, it might seem like the beneficiaries are attempting to reword trusts to suit their own financial whims, but many estate planning attorneys say this is rarely the case.

Is an equal inheritance a fair inheritance?

When it comes to estate planning, many people in Florida -- perhaps especially those whose parents are recently deceased -- might believe that the law requires their parents to divide any inheritance equally between siblings. However, that is not the case. In many cases it is perfectly legal to leave an estate unequally divided among beneficiaries, although it can sometimes lead to disgruntled family members and contested wills.

Will food magnate's trust land in Florida probate court?

One food magnate's estate has incited intense arguments between his beneficiaries and the estate's trustees. The trustees claim that since most of the assets are in Florida, it makes sense to go through probate court here. The food magnate's grown children claim that since they live in Minnesota, the trust should be resolved in courts there.

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