Orsatti & Associates, P.A., Legal Blog
When should you update your estate plan?
All adults should have an estate plan in place that allows them to provide their wishes for their assets when they die. This plan does much more than that. It can also set the terms for someone to have power of attorney over that individual’s finances and their...
What mistakes make A-B trusts go through probate?
An A-B trust often aims to protect your assets and help ensure your loved ones can access them without the delays and costs of probate. However, even small oversights can unintentionally force parts of your estate through the probate process. There are steps to be...
A practical guide to estate administration
Administering an estate after someone you loved passes away can seem like a daunting task. Beyond the emotional side of losing a loved one, many practical and legal responsibilities must be taken care of in a careful and timely way. Understanding how to handle the...
Are you considering setting up a trust for your kids?
If you have minor children, relying solely on a will to pass down your estate may not be enough to protect their future. For starters, minors lack the legal capacity to own or manage significant assets, which means a third party will handle those responsibilities....
Do variances change real estate zones?
As a prospective business owner, you have run into some real estate issues. You purchased a property that you believe will be ideal for your new company. The only problem is that the city is now telling you that the property is only zoned for residential use, so you...
3 ways commercial leases differ from residential leases
A commercial real estate lease makes retail, industrial or office space available without locking a company into a specific facility indefinitely. Many entrepreneurs and business leaders reviewing commercial leases for the first time have a false sense of confidence...
What documents make up a complete estate plan
When people think about estate planning, they often picture a single document or a last-minute decision. In truth, a complete estate plan is a collection of carefully prepared documents that work together to protect your wishes, loved ones and legacy. Whether you're...
Estate administration: Steps to consider amid a will challenge
Whether you have been named as estate executor in a will or appointed administrator by the court, you probably want things to flow smoothly. Unfortunately, if someone challenges the deceased's will, you can expect complications. If a challenge arises, your role is...
Can temporary health conditions impact testamentary capacity?
Testamentary capacity refers to a person’s legal ability to make a valid will. In Florida, the law requires that the person understands the nature of drafting the will, the extent of their assets and the natural beneficiaries of their estate. The person must also...
Benefits of a POD account
In some sense, a payable-on-death (POD) account is not much different from any other financial account or bank account. You can use it to hold funds, and you can make withdrawals or deposits as you wish. You have full control over the account and no one else can...