Monthly Archives: October 2024
Do Trusts Protect Your Property From Lawsuits?
When it comes to protecting the assets you have worked your entire life to accumulate, having a solid plan in place is of the utmost importance. If you are exploring asset protection strategies, you may have considered establishing a trust. Truthfully, the amount of protection a trust will provide depends on many factors including… Read More »
How To Choose A Personal Representative For Your Will
A will is a legal document and once you have decided to start estate planning, it is a very effective legal tool. A will allows you to make sure that your loved ones inherit your property after you pass away. The contents of your will are very important, including the personal representative you choose…. Read More »
The Importance Of Reviewing Your Estate Plan If Your Spouse Passes Away
Losing your spouse is likely the hardest thing you will ever go through. The last thing you want to think about during your time of grief is reviewing and updating your estate plan. This is something you should make a priority, though, especially now. Below, our Daytona Beach estate planning lawyer outlines some of… Read More »
How To Close An Estate In Florida
If you have been acting as a personal representative, you understand what a demanding position it is. You must collect assets, pay creditors, and handle a myriad of other duties related to estate administration. Now maybe, you are at the final stage which requires you to formally close out the estate. This last phase… Read More »
How To Establish A Trust Fund For Your Child
A trust is a legal entity that contains assets or property on behalf of someone else. They are very useful tools that can help you avoid taxes on your property so they can be distributed to your beneficiaries when they reach a certain age. One of the most important, and most common, reasons to… Read More »
What Responsibilities Do Personal Representatives Have?
Perhaps someone you love has asked if you would take on the role of being their personal representative if they pass away. Or, maybe someone has just passed and you have learned they designated you for this role, or maybe the court has appointed you to the position. In any case, what does this… Read More »
When Can Creditors File A Claim Against An Estate?
After a person passes away, creditors can make claims against their estate to recover any debt the decedent owed them. This is done during the probate process. Before a creditor can make a claim, though, they must be notified of the death. There are important deadlines for any creditor that wants to file a… Read More »
Factors To Consider Before Claiming Guardianship Of Your Parent
Becoming your elderly parent’s guardian is a big step. Many people make the decision to take on this role out of love for their parent. While you only have good intentions, it is also important to consider the challenges that come with being appointed guardian. Guardianship will not only greatly impact the life of… Read More »