Our firm routinely (daily!) handles questions related to Florida probate administration, such as the following: What Is Florida Probate Administration? Probate Administration is the Court-supervised process of resolving a decedent’s financial affairs. Is Florida Probate Administration Always Required? Not always. For many decedents, there is no requirement to open a probate estate. A common reason […]
Clients sometimes request irrevocable trusts for estate tax avoidance, creditor protection, or other purposes. Because of the loss of control associated with irrevocable trusts, clients often ask whether anything can be done to address future uncertainties. One answer to this question is the use of a ‘Trust Protector’. Properly structured, a trust with a Trust […]
‘Domicile’ generally refers to where you live – your residence that you intend to keep for the foreseeable future. Your domicile has legal consequences for tax, probate, asset protection, and numerous other purposes. Domicile issues frequently arise with clients who split their time between Florida and another state. They are also regular issues when clients […]
Most estate planning clients have questions about Trusts. What are they? What are they for? Do I need one? This blog entry will answer some of those questions. By definition, a Trust is a relationship between three persons: The person who creates the Trust, often called the Settlor, Grantor, or Trustor The person who manages […]
Probate administration is the court-supervised process of identifying, managing, and ultimately distributing your probate assets following your death. This article highlights some of the issues addressed in probate. First, probate administration is generally required only if a decedent left assets subject to probate. Probate assets include real property and personal property owned by a decedent […]