Stieg Larsson’s Estate: Dying Without a Will
What Happened? When Swedish author Stieg Larsson, creator of The Girl with the Dragon Tattoo, passed away unexpectedly in 2004, he left no will. Larsson’s estate, valued at millions due […]
Category Archives: Probate
What is Ancillary Probate and Why It’s Important for Florida Property
As a Florida property owner, one of the key aspects of estate planning you need to understand is the concept of ancillary probate. While most people are familiar with the […]
Pablo Picasso’s Estate: The Decade-Long Dispute
What Happened? When Pablo Picasso passed away in 1973, he left behind an estate estimated at $250 million, including artworks, real estate, and other assets. However, Picasso did not leave […]
Understanding the Probate Process: What to Expect in Florida
Probate is the legal process of administering a deceased person’s estate, ensuring that their assets are distributed to heirs and any debts are paid. In Florida, the probate process can […]
Prince’s Estate: The Cost of Dying Intestate
What Happened? When music icon Prince passed away unexpectedly in 2016, he left behind a legacy of hits, cultural impact, and an estate worth an estimated $156 million. However, he […]
What to Expect: Possible Estate Planning Law Changes in Florida for 2025
As 2025 approaches, Florida’s estate planning landscape may be subject to important legal changes. While no updates have been finalized yet, several potential adjustments could impact how Floridians manage their […]
Recent Updates to Florida Estate Planning Law: What You Need to Know in 2024 and Beyond
Estate planning laws are always evolving, and Florida is no exception. The state has recently introduced several updates that can have a significant impact on how Floridians manage and protect […]
The Role of the Executor: Responsibilities and Challenges in Florida
When it comes to estate planning, choosing the right person to serve as your executor, or “personal representative” as it is called in Florida, is crucial. The personal representative is […]
The Infamous Battle Over Howard Hughes’ Estate
What Happened? Howard Hughes, the eccentric billionaire and aviation mogul, passed away in 1976, leaving behind an estate estimated at over $2 billion. Despite his immense wealth, Hughes failed to […]
What Happens if You Die Without a Will in Florida?
Dying without a will, known as “intestate,” can complicate the process of distributing your assets and determining who will inherit your estate. In Florida, the state’s intestacy laws will determine […]
The Importance of Opening a Probate Estate for Foreclosing on a Mortgage or Other Lien in Florida
Navigating the intricacies of Florida probate law is essential for creditors seeking to enforce their rights, particularly in matters of foreclosure and lien enforcement. In this regard, the case of […]
Understanding the Importance of Reporting Foreign Assets for U.S. Taxpayers
In an increasingly interconnected world, individuals often find themselves navigating complex financial landscapes that extend beyond domestic borders. For U.S. taxpayers with assets abroad, understanding the intricacies of reporting these […]
Understanding the Differences Between Wills and Trusts in Estate Planning
Introduction: Estate planning is a crucial process that allows individuals to safeguard their assets and provide for the distribution of their property after they pass away. Two common tools used […]
The Current Status of Estate and Gift Taxes in Florida: An Updated Overview for 2023 and 2024
Introduction Estate and gift taxes are crucial aspects of wealth and asset planning, and they often vary from state to state. In Florida, these taxes have seen changes over time. […]
Navigating Probate in Sarasota: Why You Need a Probate Attorney
Introduction Probate is a legal process that can be emotionally and financially challenging, especially during a time of grief and loss. If you find yourself in a situation where you […]
Ancillary Probate in Florida: Your Key to Understanding the Multi-State Estate Process
Ancillary probate is a legal process often necessary when a deceased person owns property in multiple states. If you have recently lost a loved one and they owned real property […]
Florida Probate Process Simplified: A Clear and Comprehensive Guide
The Florida probate process can be a confusing and overwhelming experience for those who are going through it for the first time. If you are an executor or a beneficiary, […]
No Contest Clauses in Florida
A No Contest Clause, or In Terrorem Clause, is a provision often used in Wills & Trusts stating that if a beneficiary disputes any part of the Will or Trust […]
Incorporating Your Business Into Your Florida Estate Plan
Small businesses present a particular challenge to Florida Estate Planners. First off, businesses can operate in a wide variety of entities. Secondly, they may be more valuable being carried on […]
Estate and Gift Tax Exemptions 2022
As of 2022, the following Estate and Gift tax exemptions are in effect: Estate Tax Exemption – $12,060,000 (U.S. Citizens and Residents) Annual Gift Tax Exemption – $16,000 (U.S. Citizens […]