When someone dies in Florida, the decedent’s estate will go through probate. In this process, a probate court will determine the validity of the decedent’s will and gather all the assets left behind. Then, after paying any outstanding debt, the remaining...
Trusts are legal arrangements used by a trust maker (also known as “grantor” or “settlor”) to transfer ownership of property to a trustee to benefit one or several beneficiaries. Considering these arrangements are inherently versatile, it is...
Undoubtedly, land trusts are valuable estate planning tools for those who want a flexible and anonymous method to own real property in Florida. For example, no creditor can attach a judgment or lien to a property whose ownership is titled to a land trust. In this...
A well-structured estate plan should be a priority in everyone’s life. Unfortunately, many people think only millionaires should have an estate plan in place. Yet, they could not be more wrong. An estate consists of all assets owned by a person, including real...
When talking about estate planning, many people think the last will is everything they need to have. However, it is not true, as there are other valuable legal tools to preserve one’s estate and ensure a smooth distribution to beneficiaries. Ultimately, creating...
While most people tend to associate trusts with wealthy individuals, it is not necessarily a requirement. In fact, trusts are valuable estate planning tools for anyone – regardless of income and financial status. These useful legal tools can be divided into two...