How a relative plans to pass assets to family members is something to pay attention to. While you may anticipate becoming the executor of your loved one's estate, your family member might actually have you in mind to oversee a trust. While both an estate and a trust...
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....
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...
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...
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...
When you agree to act as someone’s personal representative in Florida, you commit to handling certain matters on that individual’s behalf. There are many different obligations involved in acting as someone’s personal representative. If you skip any of these steps,...
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...
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...
When estate planning, you will need to choose a person to act as your personal representative. For instance, you will need an executor to carry out the terms of your will. Many people also pick a power of attorney, which is a person who can make medical and financial...
An executor will handle the vast majority of your estate affairs after your death. For that reason, you certainly want to pick the best possible option available. Most people, perhaps including yourself, will lean toward selecting a relative to serve as executor. But...