When a loved one dies, what you probably want to do is take time out to mourn them. Yet, a death in the family can create a lot of extra work, both legal and physical. While the bulk of the legal work should fall to the person named to execute the estate, other family...
Serving Northwest Florida Families For More Than 20 Years
Can heirs opt out of owning real estate together?
When parents own cabins or vacation homes, or other types of second properties, they will often leave them to their heirs jointly. For instance, they may have four children and decide to split the ownership of the cabin between all four equally, so that they all own...
How do you become the owner of a house you inherited?
When someone that you love dies, you may potentially inherit assets from their estate. Few belongings will have more personal or financial value than someone's home, and many testators choose to leave their primary residence or investment properties to the people...
Lack of a will can lead to probate disputes
Writing a will is the first step in doing estate planning, and it’s something everyone needs to do when they want to specify how their assets will be divided. The will is a final chance to give instructions to heirs and make sure things go smoothly. However, most...
Managing real estate assets when you’re the executor of someone’s estate
Someone has passed away, and they’ve left a home and vacation property to their heirs in their will. They also listed you as executor. Now, everything has to go through probate. What are your responsibilities for this property until it is conveyed to its new owners?...
Who should you name as trustee when you create a trust?
Creating a trust is a way to reduce the taxable amount of your estate, retain control over your legacy or even diminish the value of your personal assets so that you can qualify for government assistance as you age. One of the most critical aspects of creating a...
What creditors do you have to repay as executor of an estate?
Settling the estate of someone else or serving as their executor is a difficult task that requires careful planning, documentation and execution. One of the tasks that you will have to complete in your role as executor is the repayment of outstanding debts held by the...
How selling a home can complicate estate administration
When you agree to serve as administrator or executor for someone's estate, that means taking on substantial responsibility. You will have to read and interpret the will and other estate documents, pay creditors, file taxes and distribute assets according to the wishes...
Probate administration possible without a will
When people in Florida pass away without wills, their surviving loved ones become preoccupied with figuring out how to distribute or transfer their property. This typically requires going through the probate process. Here is a glimpse at what the probate...
Probate administration process is multifaceted for will executor
Those who have been chosen to serve as the executors for other people's wills have an enormous amount of responsibility. Therefore, although being appointed as an executor is generally an honor, as people typically choose trustworthy individuals to serve in this...