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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 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 […]
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, […]
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 […]
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 […]
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 […]
By Susan Teel Are you storing your will under the sofa cushions? Have you considered the best storage location for your will – your most important financial document? Would you […]
As of 2019, the following Estate and Gift tax exemptions are in effect: Estate Tax Exemption – $11,400,000 (U.S. Citizens and Residents) Annual Gift Tax Exemption – $15,000 (U.S. Citizens […]
Wrongful death claims in Florida always require a probate administration. This is true whether it’s because of accident or medical malpractice. Florida’s Wrongful Death Act requires a wrongful death action […]