When it comes to serving as someone's personal representative, many people wonder how payment works. Personal representatives play a key role in administering an estate. They perform a wide variety of tasks, including distributing assets and managing debts....
Year: 2023
When should you make changes to your estate plan?
When it comes to financial management, your estate plan has a critical role to play. To ensure that your estate plan always coincides with your wishes, you must update it regularly. There are specific incidents where you need to review your plan. Significant...
4 common mistakes landlords make with tenant evictions
In Florida, the process of evicting tenants requires meticulous attention to detail. Any misstep in this undertaking can lead to severe consequences for landlords. It is important to navigate the eviction process with caution. 1. Ignoring the legal complexities...
Navigating zoning laws in the Tampa Bay area
Investing in commercial real estate in the Tampa Bay area can be a promising venture. It is also important to understand the zoning laws that govern the use and development of properties. Zoning regulations shape the permissible and restricted activities on a piece of...
How can undue influence lead to elder financial abuse?
The death of a loved one can be overwhelming but imagine finding out that they have given or transferred a sizable portion of their estate to an unexpected individual or entity. You review their will repeatedly, trying to find errors, only to realize the execution...
The importance of a will for business owners
Every business owner understands the importance of planning. Making decisions about the future of a business is as important as the strategies used to run it daily. For business owners, writing a will is a significant step in ensuring the business's continued success...
Ways to avoid ancillary probate in Florida
When people pass away, their estates often go through a legal process known as probate. This method of distributing assets is common in Florida, with the Office of the State Courts Administrator reporting 8,780 probate filings in fiscal year 2020-2021 alone. Ancillary...
Ensuring the legitimacy of charitable donations in probate
Handling the estate of a loved one who just passed away is not just emotionally challenging. It also involves legal complexities, and it can sometimes be financially draining. But what if you have come across records of sizable charitable donations they made over the...
What happens to my Florida properties if I die in another state?
We cannot predict when we die, let alone control the conditions surrounding our death. This fact can cause worry for people with multiple properties in different states, whether because of work, family or other similar reasons. This worry stems from the uncertainty of...
How should estate executors take care of a home?
Sometime in the future, you might take charge of the estate of a deceased loved one. As the executor, you must keep estate assets in good shape until the heirs can claim them. Such assets may include the home owned by your relative. Maintaining a house you do not own...