The words “probate” or “court”, independent of each other, commonly cause anxiety and sometimes, even fear. Those emotions are heightened when you or a loved one is faced with having to go through the probate process after having suffered the loss of someone near and dear. In the event you or a loved one is …
Florida Probate: Dealing with a death is tough enough without having to navigate a complicated probate. Learn more about the Florida probate process today.
If you are interested in opening a Florida probate, your Florida attorney will follow these initial steps to open the estate. Deposit Original Will If the decedent (the person that passed away) had a Will, the person that possesses the original Last Will either sends it to the attorney, or files it with the county …
What is a power of attorney? A power of attorney, usually abbreviated as “POA,” is a personal agent appointed by a principal to assist with the day-to-day financial affairs due to incapacity, inconvenience, or other reasons. In many cases, the agent acts alone on behalf of the principal when they are unable to do so. …
Avoiding probate comes in many forms. One of those is by ensuring you create payable-on-death accounts with your financial institutions.
The step-up in basis reduces the capital gains tax on inherited assets. It is an effective way to preserve an inheritance and save money.
A properly drafted LLC may very likely avoid Florida probate. Many individuals use the limited liability company (“LLC’) to own rental property in Florida for asset protection and to limit personal liability. It is the favored entity for closely-held businesses and family investments. Many families see the LLC as a substitute to the irrevocable trust or …
Can an LLC Operating Agreement Avoid Florida Probate? Read More »
A Lady Bird deed is a legal tool that allows an owner of “real property” to transfer it to a
beneficiary without the need to submit the matter to the probate court, which Florida law
would otherwise require.
A Lady Bird Deed can be very useful for your estate planning needs.
