Change Last Will in Florida
When big changes happen, you may need to revise your last will and testament or other estate planning document. But how do you make sure those changes are legal and effective? The Law Office of Lori Vella can help.
Probate
Florida Probate in a Nutshell
Probate is a fancy legal term for the court-supervised process of determining what happens to a person’s property after they pass away.
Pandemic Planning-Wills, Trusts and More
People under the age of 65 account for more than 20% of COVID-related deaths in the US. However, young people are less likely to have estate planning documents, like a will or advanced directive, in place than those of older adults. This means that many people who are dying from coronavirus likely do not have documents in place to dictate who cares for their children or what happens to their home or money.
Why Do I Need a Will?
In celebration of “Make a Will” month, this month we will feature blogs solely dedicated to Last Wills and Testaments. We hope this information will encourage you to finally get your affairs in order and take advantage of “Make a Will” month.
The Probate Process
The probate process varies state to state and even county to county, in terms of costs, money and the time it takes from start to finish. Usually, the estate must hire an attorney to assist the Personal Representatives in all of the tasks and necessary paperwork. A simple probate takes a few months. If litigation is involved, it may take several years. The average probate may last a year.
Estate Planning Must Change to Respond to COVID-19 Concerns
Estate Planning must modernize and change with the new coronavirus
Four Estate Planning Terms to Stop Confusing
The four most confusing estate planning terms are: Living Will, Living Trust, Last Will and Testamentary Trust. Luckily, your days of confusion are over. Read on to clarify and distinguish each term so that you can stop confusing these four estate planning terms.
Your Roadmap to How a Will Travels Down the Probate Road
If you are not sure how a Last Will and Testament travels down the probate road, then look no further. This road map will explain the journey of your Last Will and Testament as it finds its way to probate court. You will finally understand the meaning of a Last Will and Testament, why it’s needed, and what happens after a person dies with or without a Will. So, jump in and let’s travel along the probate road
Making Appropriate Beneficiary Designations
You may create the best Estate Plan for your family, but if you do not have property beneficiary designations for your accounts, all of your good attentions will be thwarted.
Options when Titling Accounts
Titling assets determines how they pass at your death and whether they may travel through probate.