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December 2017 Archives

Explaining guardian education requirements

Legally entrusting one with another's decision-making authority is a significant action. Thus, most might assume that not just anyone in Miami can be empowered with such responsibility. However, were one to take a high-level glimpse at Florida's guardianship requirements, he or she might think them to be extremely lax. Technically, any adult resident of the state (or non-resident that is related to the proposed ward and has not been convicted of a felony) can serve in this role. Yet this does not mean that there are not more requirements placed on potential guardians. 

Musician at odds with former bandmate's estate

One of the main responsibilities that comes with administering an estate in Miami is answering any claims made against it. This can include action taken by creditors to try and collect debts, or it may be legal action initiated by a decedent's former associates. Upon one's death, his or her personal representative takes control of his or her affairs as he or she stipulated. Thus, any contracts or agreements one entered into while alive must be now recognized and enforced (or, in certain cases, challenged) by his or her estate. 

What is a holographic will?

Imagine driving home on a rainy night in Miami, and seeing a poor-looking man standing on the side of the road. You stop to assist him by taking him to nearby eatery to warm up and get some food. Before leaving, he claims to be a millionaire, and to repay your kindness, he uses a napkin to write out a will leaving his entire fortune to you. A few days later, news breaks of the death of a local business magnate who had become a recluse. You recognize the person as the man you helped. 

What is a charitable trust?

If you are a Florida resident for whom charitable giving is a way of life, you may wish to consider setting up a charitable trust so that you can substantially contribute to your favorite charity. You may not be aware that your charitable trust can be structured so that the assets you place in the trust can be split between the charity and someone you choose as your non-charitable beneficiary. That person may even be yourself.

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