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A power of attorney (POA) is a legal document that grants someone the authority to make decisions on your behalf. In Florida, as in other states, it’s possible to revoke a POA under certain conditions. Understanding the process of revoking a power of attorney can...
Death brings many tasks, and dealing with leftover debts ranks among the most important. As an estate administrator, you must know which bills to pay first and how to protect yourself from costly mistakes. What counts as estate debt? When someone dies, their debts...
Unequal inheritances can cause arguments in families. These problems happen when parents give different amounts to family members. This might be because of different needs, relationships, or other reasons. Family members may feel upset or confused if they don’t...
Before you can distribute your loved one’s assets, you must settle all their outstanding debts using the estate’s assets. As the executor, understanding the ins and outs of this process can help make estate administration much easier. How are debts paid after someone...
An individual may incorporate or omit numerous types of legal documents in an estate plan. The process is designed to be customizable. It’s also possible to revise or amend a plan if the need arises, such as adding new beneficiaries to a last will and testament if a...
All eyes and ears have been on Elvis Presley's family since the late singer made it big back in 1954 with his first hit, “That’s All Right.” After his death in 1977, music fans in Florida and around the world have continued to follow news about the Presley family. In...
When a Florida resident executes a last will and testament, the estate owner typically chooses someone to manage the estate administration process when the time comes, which includes making sure that the provisions included in the will are carried out. The testator...
As the name implies, a successor trustee is a trusted individual who handles the duties connected with your revocable trust in the event you lose capacity during your lifetime, and settles all remaining issues after you die. As such, your first impulse might be to...
Assuming every asset under your sole control is held in trust, it is possible for your heirs to avoid probate. Similarly, certain jointly owned assets are protected from probate, such as a home titled to you and your spouse with the right to survivorship. However,...