When a person dies with a will, his or her wishes as stated in the will must be carried out through the probate process. In order to initiate the probate process, the will must be filed with the court and the person responsible for administering the decedent’s estate (known as a “personal representative” in Florida) must make sure that the estate’s assets are managed properly until probate is complete. In this article, we provide an overview of what you need to know about filing a will in Florida.
Individuals and couples planning for disposition of their personal property after their passing have several different options. These options all involve various different forms of documentation and deciding on an appropriate estate plan requires careful guidance and thoughtful consideration of a variety of family, legal and tax-related issues.
Three Kinds of Probate: An Overview
Category: NewsProbate is the process of administering a person’s final affairs after death. This primarily involves paying any outstanding debts and distributing the remainder of the decedent’s estate to his or her beneficiaries – although there are many more steps along the way.
Trusts can be essential tools for making sure that a person’s final wishes are carried through. When used and managed properly, they can help streamline the probate process and provide certainty that the deceased’s loved ones will have the money they need for years to come.
Few things can sadden you more than realizing that your loved one was tricked during the making of his or her will. While it’s natural to already have strong emotions about the passing of someone you care for, believing they may have been the victim of fraud prior to death can be overwhelming.