Someone owes you money. You’d like to collect that money. Unfortunately for you, that someone passed away. Now what? You don’t want to write it off, but how on earth do you collect money from someone who died? The answer: make a claim in the estate. Where to start? To make a claim in an […]
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 […]
Recently, a client asked for help with a family member who held a significant estate, including real property, bank accounts, and other assets. Unfortunately, the family member was suffering from mental incapacity. As a result of the individual’s mental decline, fines were collecting on the real property because of county violations that were not being […]
Estate planning clients often ask questions about taxes. What will be owed? How are they paid? When are they due? Who must pay them? There are several taxes that apply in the context of estate planning. The most common of these are income taxes, estate taxes (also known as inheritance or death taxes), and gift […]
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 […]