Planning what will happen with your personal property upon death is not a pleasant situation. However, it is crucial to design a strategy to pass your assets to its designated beneficiaries with minimal friction involved in the process. In this article, you will...
In Florida, state law guarantees trust beneficiaries the legal right to access certain information about their interest share in the arrangement. Therefore, if a trustee refuses to provide information, beneficiaries have the right to enforce their rights in court with...
When someone dies in Florida owning assets titled solely in his/her name, the deceased person’s estate will likely go through ancillary probate. In this article, you will find out what ancillary probate is and why you should avoid it at all costs. Ancillary...
Popularly known as the favorite destination for retirees and “snowbirds” running from cold weather in the North, the state of Florida has been one of the most sought-after places for out-of-state residents. When a non-resident dies owning assets in...
In Florida, probate begins once the court approves a petition for probate and issues Letters of Administration to designate a personal representative. However, depending on who the decedent was, where his/her primary residence was located, and where the property...
A trust is a legal arrangement in which a trustor (or grantor) transfers ownership of certain assets to a trustee (fiduciary) for the benefit of one or multiple beneficiaries. Under Florida law, all beneficiaries to trust must receive notice of acceptance of the...