Fulfilling financial obligations is a top priority during the probate process. Personal representatives may face liability for debts if they are not proactive about identifying and paying them promptly. Beneficiaries or heirs expecting to inherit from an estate...
While making an estate plan, you may be trying to figure out the best way to leave an inheritance to a beneficiary who is chronically ill, has a disability or has some form of special needs. You want to ensure that your money can actually help them in the long term...
Real estate contracts often include contingency clauses, which are stipulations that must be met in order for the contract to remain binding between the two parties. Often, these are used as a way to protect a buyer when they make an offer on a property. For instance,...
You can create your estate plan in such a way that you control when a person gets their inheritance. If you would like, it is possible to delay this distribution for some time after your death. For example, say that your estate plan includes a beneficiary who is 18...
Inheriting a home sometimes occurs when a person loses a loved one. If you’re dealing with this, there are some challenges that you may face. One of these has to do with being able to access the mortgage information on the home. Some people assume that access to the...
Testamentary capacity is the cognitive and legal ability to enter into binding agreements and draft wills. It requires an understanding of the documents and their implications for the future. Most people acquire testamentary capacity when they become legal adults on...
Addressing tax liabilities is an important component of estate administration. Personal representatives administering estates in Florida may need to file income tax returns on behalf of the decedent and the estate itself. If they fail to file the necessary tax returns...
Wills provide instructions regarding the distribution of a person's property after they pass. Adults in Florida generally have the legal right to draft wills clarifying their wishes and naming their beneficiaries. However, for a will to serve its purpose, it must...
Fences can improve property value or limit the chances of conflict between neighbors. In some cases, neighbors agree to erect a fence jointly and share the costs associated with doing so. Other times, one neighbor may decide they want a fence and may put one up at the...
Overseeing estate administration can be a lengthy and stressful process. Personal representatives (widely known as executors) have to wear many hats. They secure assets and communicate with creditors. They file tax returns. They may also need to hold an estate sale....