In Florida and a few other states, an “enhanced life estate deed” is known as a Lady Bird Deed. With a traditional life estate deed, the homeowner (the grantor) reserves the right to live on the property until their death…. Read More
Archive for the ‘Estate Planning’ Category
-
What Are the Best Ways to Make Sure Your Children Inherit Your Home?
For many people, their home is their most significant and most valued asset. They will likely have specific wishes for what happens to their home after their death. In many cases, individuals will want to pass on their home to… Read More
-
Can You Have an Out-of-State Personal Representative?
Many families live spread throughout the country, meaning the person you choose as your estate’s representative may not live in the same state as you. If you are estate planning in Florida and want to select an out-of-state personal representative… Read More
-
Debt After Death: How It Impacts Your Estate and What You Can Do About It
Do you wonder what happens to your debt after you pass away? It’s not something you may want to consider, but it is crucial to incorporate considerations for debt when creating an effective estate plan. When you craft a comprehensive… Read More
-
What Happens to Unclaimed Inheritance?
Estate planning is quite complex, so working with an estate planning attorney is essential as you prepare your Will and other legal documents. You must take every precaution to draw up a detailed estate plan to avoid future problems. One… Read More
-
Protect Your Assets From Potential Threats with Your Estate Planning Attorney
You are likely aware that you need a comprehensive estate plan to ensure that your assets are passed down exactly how you prefer. However, a part of creating a robust estate plan is considering the potential threats to your assets…. Read More
-
What Lengthens the Probate Process? How To Avoid Probate Delays
Probate is the administration of estate assets after an individual’s death. The straightforward probate in Florida cases can take six months to a year from the initial filing to close. However, sometimes probate can take even longer. What can lengthen… Read More
-
Creating a Trust: Mistakes Parents Should Avoid
As a parent, creating a trust for your children can be one of the best ways to ensure they are cared for in the future. However, trusts can be complicated tools, and mistakes can be made if you are not… Read More
-
3 Essential Duties of Personal Representatives
When someone dies, their will names a personal representative responsible for administering their estate. The personal representative, known as the executor in some states, has many varied responsibilities. However, three essential duties of personal representatives must be accomplished to administer… Read More
-
Efficient Estate Planning Strategies: 5 Ways to Plan for the Future
Estate planning is an essential task that many Americans understand is important. However, many who know the importance of estate planning have yet to draw up these necessary documents. Although estate planning can seem daunting, the earlier you start, the… Read More