Orsatti & Associates, P.A., Legal Blog
Protecting your healthcare with an estate plan
When you think about your estate plan, do you consider the aspects of an estate plan that may kick in while you are still alive? Thinking about a future where you might not have the capacity to make decisions for yourself may be difficult at the time, but it is better...
Estate planning considerations when you have a blended family
Estate planning is a complex venture for everyone, but it can become more complex when you have a second marriage with children. When it comes to estate planning, there is no guarantee that everyone will be happy with your choices, but you can make sure that you feel...
3 things to share with your personal representative
When you appoint someone to be your personal representative in Florida, you place a good deal of trust in this individual. It requires a high degree of attention and responsibility to serve as someone’s personal representative, and the moves this person makes while...
Why it is unwise to waive a home inspection
Florida’s housing market ebbs and flows, but sometimes, you may find yourself competing with multiple other homebuyers for the same property. In a competitive real estate market, you may question whether waiving a home inspection might give you a leg up on the...
How spendthrift provisions work in Florida trusts
When you work on your Florida estate plan, you may have several goals in mind. Most people who create estate plans want to figure out how to maximize the legacy they leave behind so that it is most beneficial for those they love. However, if one or more of your...
Tips for buying and selling real estate at the same time
You face many challenges when buying or selling a home, but when you do both at once, the degree of difficulty doubles. If you fail to properly navigate these contracts, you could lose money or even face a lawsuit. A few guidelines can help move the process along and...
Why you need an estate plan if you never had kids
Many people in Florida wait to make estate plans until they experience some type of major life event, such as a marriage or the birth of a child. Yet, waiting to create, or failing to create, an estate plan may lead to unintended consequences. An estate plan is an...
What happens with debts in probate?
Debt does not transfer to another person, even after your death. But your estate will take on your debts. Because the assets in your estate belong to you, creditors can go after them to recoup their money. Your personal representative must notify creditors of the...
Are you legally responsible for a deceased parent’s debts?
A parent’s death has the potential to cause you emotional turmoil, and you may feel even more anxious and out-of-sorts if you also have the responsibility of managing and settling your parent’s Florida estate. If your parent dies with significant debts that his or her...
Does Florida collect an estate tax?
If your loved one died recently and you find yourself in charge of their estate, it is essential to have a clear understanding of your responsibilities. Estate administration can become quite complex, especially if an estate plan involves significant assets. As...