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During the grieving process, the emotions of family members are high. Reading the last will and testament among family members and close friends is a vulnerable situation. While it should serve as closure and the first step to moving forward, it could also create a...
There are several misconceptions about the probate process that can lead to unnecessary stress and confusion for those dealing with the estate of a loved one. Below are some of the most common misconceptions surrounding the probate process. Awareness of these can help...
Guardianship aims to protect those who cannot manage their own affairs and finances because of incapacity. Unfortunately, the process loses this key purpose when some guardians take advantage of their position and abuse their power. Consequently, it leaves the...
Beneficiary designations are crucial in determining who inherits an estate owner’s assets upon death. It ensures that their retirement accounts, insurance policies and similar assets are distributed according to their wishes. Accordingly, clearly specifying...
Generally, testators are free to choose who they want to assign as beneficiaries in their wills. Family, relatives and other interested individuals cannot challenge the document’s validity solely for the reason that they find it unfair or believe the testator should...
Probate is the standard legal process for settling the estate after its owner passes on. It often involves many subsequent stages and transactions, involving validation of the deceased's will, property appraisal, debt payments, tax-related requirements and...
No child wants to witness their elderly loved one struggle. When making decisions for themselves becomes a challenge, establishing guardianship becomes a consideration. Under this arrangement, an incapacitated person takes on the role of a ward, for whom the court...
Trust litigation is often necessary to settle disputes regarding the creation, administration or distribution of a trust. A grantor or settlor creates a trust to protect their family and estate. They name a trustee to manage the trust and distribute the assets to...
This holiday season, Florida residents are likely to spend time with loved ones near and far. While this is a season to spend quality time with each other, it is also the time of year where it might be suitable to discuss your estate plan and your wishes. Young or...
The person who controls a trust is called the trustee. If you’re choosing a trustee, or if you’re a beneficiary of a trust, one concern is how much that trustee gets paid for managing the assets for the benefit of the beneficiaries. The answer depends on the terms of...