Orsatti & Associates, P.A., Legal Blog
What should you look for when choosing a trustee?
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...
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...
When may I consider creating a revocable trust?
Many Florida residents refer to a revocable trust as a living trust, which essentially means that you may change it at any time while alive. If you regularly purchase and sell assets, you may transfer them to or from your living trust up until your death. The Florida...
What are first-time homebuyer mistakes to avoid?
Hitting the housing market for the first time can feel like an overwhelming experience. Between the high stakes and a large amount of money involved, along with complex and unfamiliar legal jargon, it is no walk in the park. You can help yourself immensely by going...
Can a small estate quickly go through probate?
Friends may have told you about the ordeal of going through probate court to secure their inheritance. You know that you do not own a lot in money or property, so there seems to be no reason why your estate should also take a long time to pass through probate....
Whom may I name in my will to administer my estate?
An estate's executor has several responsibilities when wrapping up the deceased's affairs. You may wish to name an individual you can begin discussing your assets and debts with, as noted by Kiplinger's Personal Finance. While you’re alive, you may change the contents...