by Monique | Oct 2, 2019 | Personal Representatives, Probate
Under Florida law, individuals who are named personal representatives in the will, surviving family members, and beneficiaries have preference to serve as the personal representative of an estate. Section 733.301 of the Florida Statutes ranks the order of...
by Monique | Sep 27, 2019 | Personal Representatives, Probate
A personal representative is an individual who manages and settles the estate’s affairs. A personal representative must be a close family member of the decedent or a Florida resident according to Section 733.302of the Florida Statute. Close family members can be...
by Monique | Sep 20, 2019 | Probate
When a person passes away and they owe more money than they have, Florida law controls which creditors get paid first. Each creditor is ranked by class, and creditors of the highest class are paid in full before lower subsequent creditor classes. This procedure...
by Monique | Aug 21, 2019 | Probate
by Monique | May 28, 2019 | Estate Planning, Estate Planning for Parents, Guardianship, Transferring Wealth to the Next Generation
When clients want to leave their assets to minor beneficiaries, we almost always will recommend that the assets are left “in trust” as opposed to devising the assets directly to the minor children. In Florida, assets left directly to beneficiaries will often need to...
