In establishing a trust, you have to consider who you want to oversee the trust and protect your assets and legacy. When it comes to trusts, you have to appoint a trustee. According to the U.S. Bank, choosing a trustee may be one of the most important financial...
Year: 2022
What is an insolvent estate?
Estate planning is not only to describe how to pass your assets to your loved ones, but it can also explain how you want to deal with your debt. When you die, your debts do not necessarily die with you. In fact, creditors may seek payment for your outstanding amounts...
What red flags should you look out for in a commercial lease?
A Florida commercial lease often has a longer duration than a residential one, so when the time comes to sign one, you want to make sure you have a comprehensive understanding of everything it entails. Commercial leases are often full of “legalese,” but failing to do...
Will, trust or both?
The documents included in your estate plan are your choice. You can choose those that are appropriate to your situation and leave out those that do not meet your needs. Most estate plans include either a will or a trust. Some include both. Knowing the strengths and...
Who could handle my estate if I die without a will?
Without an estate plan, your death could classify as “intestate.” A probate court judge may then appoint a personal representative to distribute your assets. The Florida Bar’s website notes that individuals, banks and financial trust companies may serve as an estate's...
Can having an executor prevent inheritance disputes?
When you prepare your estate plan, you probably hope to minimize family conflict with the inclusion of succinct instructions. However, there is no way of knowing exactly what will transpire after your death. An executor can make a considerable difference in the...