Jointly owned property refers to assets owned by two or more individuals. Common examples include real estate, bank accounts, and investment portfolios. In Florida, joint ownership often includes rights of survivorship, which means the property automatically transfers...
Digital assets like social media accounts, online subscriptions, photos stored in the cloud, and cryptocurrencies are common today. Managing these assets after someone dies can be tricky. Estate administration can become complex under Florida laws, which have specific...
Appointing an executor is an important step in creating a comprehensive estate plan. The executor is responsible for managing and distributing your assets according to your wishes after your passing. To ensure smooth and efficient handling of your estate, there are...
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...