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Blog Posts in August, 2013

Our Property Is In Joint Names, What Happens If We Both Die In An Accident?

Whether the account specifies "joint tenants with right of survivorship" or the owners were married when it was created, where the property goes depends upon the order in which death occurs. ...
Continue reading "Our Property Is In Joint Names, What Happens If We Both Die In An Accident?" »

Letters Testamentary? Letters of Administration?

Often a person's first encounter with probate is when they go to the bank to close an account of a recently deceased relative. The bank's representative tells you that you need to provide ...
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Is There a Fast Way Through Probate?

Florida law does offer a short form of the probate process for certain estates, called Summary Administration. To qualify for Summary Administration, the estate must either: have assets that after ...
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Is This Will I Signed Before I Moved to Florida Good in Florida?

This is a question frequently asked. If the will signed in another state was valid there, it will be recognized by the Florida courts. Even if your Last Will and Testament will be honored by the ...
Continue reading "Is This Will I Signed Before I Moved to Florida Good in Florida?" »

Frequently Asked Questions

Why should I create a trust? You should create a trust for multiple reasons. Trusts can help you avoid certain types of taxes. If you create an irrevocable life insurance trust, for example, protects your death benefit proceeds from estate taxes. You may also be able to avoid the probate process by keeping certain property out of your estate. You can create certain conditions and terms for trusts, in order to protect your estate, as well. You can also leave money for charities and institutions in a trust, along with fund your child or grandchildren's education.
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