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How to Avoid Probate Court If you’ve ever heard of probate court, the chances are good that what you heard wasn’t reassuring. We’d all like to give our possessions to our children or loved ones when we pass on. We are careful to have life insurance and savings in order to make things easier for…
How to Avoid Probate Court. If you’ve ever heard of probate court, the chances are good that what you heard wasn’t reassuring. We’d all like to give our possessions to our children or loved ones when we pass on. We are careful to have life insurance and savings in order to make things easier for…
Pre-Planning with an Estate Planner in Lakewood Ranch Makes Things Easier. Estate planning entails more than just drafting a simple will, although the creation of a will is critically important. What exactly entails a phrase commonly found in a will — the phrase “all my assets” — does need to be specified so that the…
Pre-Planning with an Estate Planner in Venice Makes Things Easier Estate planning entails more than just drafting a simple will, although the creation of a will is critically important. What exactly entails a phrase commonly found in a will — the phrase “all my assets” — does need to be specified so that the will…
Pre-Planning with an Estate Planner in Bradenton Makes Things Easier. Estate planning entails more than just drafting a simple will, although the creation of a will is critically important. What exactly entails a phrase commonly found in a will — the phrase “all my assets” — does need to be specified so that the will…
Pre-Planning with an Estate Planner in Sarasota Makes Things Easier Estate planning entails more than just drafting a simple will, although the creation of a will is critically important. What exactly entails a phrase commonly found in a will — the phrase “all my assets” — does need to be specified so that the will…
As of 2016, the following Estate and Gift tax exemptions are in effect: Estate Tax Exemption – $11,580,000 (U.S. Citizens and Residents) Annual Gift Tax Exemption – $15,000 (U.S. Citizens and Residents) Gifts Between Spouses – Unlimited (U.S. Citizens only) Nonresident Alien Estate Tax Exemption – $60,000 (may be subject to foreign treaty) Gifts to Non-Citizen…
The simple answer is no. Trusts by themselves do not avoid probate, but they make probate avoidance possible. Think of the trust agreement as a box. Anything put in the box does not require court administration (probate) to pass to the beneficiaries. This is known as funding the trust and is one of the most…
SNN’s Cassie Nall interviewing Bart Scovill about Estate Planning in Florida.
It is generally recommended that your estate plan be reviewed every 3 to 5 years. Additionally, it should be reviewed prior to or following any major life event. Some examples of life events requiring review of your estate plan are as follows: Marriage – Marriage can have a drastic effect on your estate plan. A…
If someone dies owning assets in his or her name alone (“probatable assets”), there must be a probate court proceeding to determine who is to receive the assets. In other words, the Will is given effect through the probate court proceedings. Probate means “prove.” One must prove to the probate court that the Will is…
If someone dies owning assets in his or her name alone (“probatable assets”), there must be a probate court proceeding to determine who is to receive the assets. In other words, the Will is given effect through the probate court proceedings. Probate means “prove”. One must prove to the probate court that the Will is…
Manatee, FL Probate Attorney Are you looking for a probate attorney in Manatee, FL? Bart Scovill, PLC handles probate throughout the State of Florida. Below is information concerning probate administration in Manatee County. Manatee County Clerk Location: 1115 Manatee Avenue West Bradenton, FL 34205 Phone: (941) 749-1800 Contact: http://www.manateeclerk.com/AboutUs/ContactUs.aspx Website: http://www.manateeclerk.com/
Bradenton, FL Probate Attorney Are you looking for a probate attorney in Bradenton, FL? Bart Scovill, PLC can assist you with all your probate needs throughout the State of Florida. Below is information concerning probate administration in Bradenton, Florida. For a free consultation, call us at 941-365-2253 or use our Contact Form. Bradenton, Florida is…
Venice, FL Probate Attorney Are you looking for a probate attorney in Venice, FL? Bart Scovill, PLC can assist you with all your probate needs throughout the State of Florida. Below is information concerning probate administration in Venice, Florida. Venice, Florida is located in Sarasota County and therefore falls under the jurisdiction of the Sarasota County…
Sarasota, FL Probate Attorney Are you looking for a probate attorney in Sarasota, FL? Bart Scovill, PLC can assist you with all your probate needs throughout the State of Florida. Below is information concerning probate administration in Sarasota, Florida. Sarasota County Clerk Location: 2000 Main Street Sarasota, FL 34237 Phone: (941) 861-7400 Email: clkinfo@scgov.net Website: http://www.sarasotaclerk.com/
Asset Protection – Our assets are always at risk. Whether it’s through unknown creditors, accident, divorce, or acts of God; there will always be risks. However, this risk can be minimized through proper planning. On this page you’ll find various strategies to limit an individual or couple’s exposure to creditors. Homestead – Homestead property is only…
Intestacy occurs when someone dies without a will. In this instance, the individual’s property will be distributed according to state law. Also, if the person had minor children and did not prepare a designation of preneed guardian for his or her children, choice of a guardian will also be according to state law. The laws…
Couples getting married need to be aware of how marriage immediately changes property rights for both individuals. Intestacy When someone dies without a will, their estate is intestate. Without a will, the courts must rely on the laws of intestacy to determine how the individual’s assets are divided. Application of these laws changes immediately upon…
If you are getting divorced, or are already divorced, you need to be aware of how the dissolution of your marriage affects your estate plan. It is important to understand that you already have an estate plan. Either you have a will or a trust, or what the State of Florida provides which could include…