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Posts tagged "Estate Administration"

Understanding the role of an executor

When someone passes away, their assets need to be evaluated and managed. The estate administrator gathers the entire estate of a deceased person and makes sure that all debts are paid before distributing the assets. Anyone trying to get an estate transferred to their name must know how estate administrations work, or things will be quite complicated for them.

Legal aid with Florida estate administration

The phrase "Probate Administration" may give some people pause because probate administration and litigation are often touted as complex and difficult processes. The claim that probate administration is complex can be true in some instances. After all, ensuring the proper distribution of a deceased individual's estate should not be done carelessly, but it does not have to be difficult in any situation. Florida law is very clear on the probate process, and with proper understanding and legal assistance, you can handle probate litigation quickly and efficiently.

Requirements for a valid will

A will is one of the most important legal documents that you will ever have prepared; it is perhaps the only way to truly ensure that the assets and estate that you leave behind will be allocated according to your wishes. Because of their importance, wills have certain requirements that must be met in order for them to be considered valid. If these requirements are not met, your will may not be recognized after you are gone.

Changing circumstances can mean changing your will

Life is unpredictable and terribly fragile. Some of us are lucky enough to live well into our elder years, but all too many people are robbed of the chance to live a full and complete life. When a life is suddenly and unexpectedly ended by any circumstance, it goes without saying that the emotional anguish placed upon that person's loved ones is severe. What may not be readily apparent is how that anguish can be exacerbated by questions regarding assets.

How are estate procedures handled in Florida?

The loss of a loved one is one of the most difficult times in any person's life because, in addition to the emotional anguish of saying goodbye, those left behind are required to manage a variety of different financial and legal matters. In one of the most emotionally stressful times that a family will ever go through, members of that family are asked to push through their grief in order to make funeral arrangements and oversee matters of the decedent's estate.

Decedents, beneficiaries and the administration

Details around death are often neglected because they are unpleasant or are not considered relevant yet. Unfortunately, death does not always give advance notice of its arrival. It's for this reason that many proactive people plan the details around their estate and the legacy they leave behind. However, many believe they have a will in place and never find out how much they have left open to dispute and how a loving gift could become an embroiled and costly court battle.

How the Notice of Administration is handled in Florida

After you have died and your estate has been opened, assuming it is ineligible for summary administration, a petition will be filed with the court and a personal representative will be assigned. At this time, something called a Notice of Administration must be published. This notice serves to alert creditors of the estates opening and the three-month window with which they have to file a claim against the estate.

What if my doctor refuses to follow my advanced directive?

When it comes to end of life decisions, you may have very clear ideas of how you prefer things to go. Of course, in most circumstances, the end of one's life may be the event that is the most challenging to plan around. Still, you can make provisions set around certain possibilities and dictate a healthcare surrogate if you are unable to cognitively represent yourself or your wishes at the time. 

Choosing the right person to handle your estate administration

If you are considering creating an estate plan, one of the first decisions you need to make is who you want to be the executor of your estate. For all Florida residents, this decision is not only one of the first that needs to be made but also one of the most important. Why is choosing the right person to handle your estate administration so important?

2016 changes affect planning for estate taxes in Florida

When Florida residents create estate plans, many only think about the distribution of their assets. However, they need to also consider possible estate taxes during the planning process. To ensure estate taxes are considered, it is important to stay current on federal estate tax regulations.

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