Inheriting a home in Florida can be a complex experience. Whether you are planning to keep the property or sell it, there are crucial steps you should take to ensure a smooth transition. Understanding the legal and financial implications is essential to make informed...
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Probate Administration
3 common mistakes when an estate includes a decedent’s home
Estate administration is a major commitment. The personal representative who settles the estate assumes numerous forms of responsibility. In some cases, they might be liable to creditors or even the beneficiaries of the estate if they make mistakes during that...
Who inherits from an estate when a person dies without a will?
Estate planning gives individuals an opportunity to craft a specific legacy that is meaningful for them and for their loved ones. People often put a lot of thought into how they allocate their property and also who they nominate to hold positions of authority in the...
Administering the estate of a Florida snowbird
Administering the estate of a Florida snowbird – which is a term for someone who divides their time between Florida and another state, often spending winters in Florida – can be a uniquely challenging task. Snowbirds frequently own property and maintain financial ties...
3 important tasks for an estate administrator
The personal representative of an estate has to wear many hats. They have to communicate professionally with various different parties. They have to manage estate resources and settle financial accounts. It is their responsibility to fulfill the obligations of the...
When to anticipate ancillary probate in Florida
Following the loss of a loved one, it’s crucial to embark on probate administration as soon as possible. However, knowing which probate procedure will take effect can be confusing if the deceased had assets across state lines. In such scenarios, ancillary probate is...
Avoiding potential pitfalls of probate administration
Losing your loved ones is a deeply emotional experience. In the midst of grief, dealing with legal matters like probate administration can feel overwhelming. Probate, the legal process of distributing a deceased person's assets, isn’t always a straightforward process....
What happens if you inherit property with a sibling?
Parents usually try to be as fair as possible to their children, even once those children become adults. It isn’t unusual for them to leave their homes to their adult children in equal shares. For parents, this can be a great plan. For the siblings that inherit, this...
What is ancillary probate?
Are you a confirmed “snowbird” who flies south to Florida every year? Do you have property in more than one state? If so, you may need to prepare your executor, heirs and beneficiaries for the ancillary probate process. You can only have one home state Even if you...
More than high-value assets can cause estate disputes
When many people are creating their estate plans, they are conscious of high-value assets. They know that these can cause estate disputes because they are so valuable. The heirs and beneficiaries may expect these assets to be divided evenly, and a dispute could start...