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...
It is impossible to think about living in the modern world without having a bank account. Nonetheless, what happens to someone’s bank account upon death? If the decedent’s checking and savings accounts are titled solely in his/her name, the account will go...
Several factors will determine the cost of probate in Florida. Ultimately, determining the exact fees and costs associated with a probate case require expert legal knowledge. In this article, you will have an overview of the fees and costs involved in Florida’s...
Estate planning is crucial for any individual who wants to ensure his/her property and assets will be put in the right hands upon their death. One of the main aspects of an optimal estate plan is to avoid or mitigate as much as possible the effects of probate. In...