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Personal Representative Compensation

Personal Representative Compensation

Serving as the Personal Representative, or the “PR”, of an estate can be stressful and time consuming. At first, one might feel privileged to be entrusted with the responsibility. As disgruntled family members seek their inheritances and creditor claims pile up, the...
NAMING A GUARDIAN FOR YOUR MINOR CHILDREN

NAMING A GUARDIAN FOR YOUR MINOR CHILDREN

A guardian is the person parents choose to take care of their minor children if the parents pass away before the children become adults. Naming a guardian is important because it gives parents control of the situation. If parents do not name the guardian, a judge will...
Funding Your Trust

Funding Your Trust

Your assets may be subject to probate if you fail to properly “fund” your trust. Funding a trust is the process of transferring the legal title of assets from your name, individually, into the name of your trust. An un-funded trust is like an empty bank account. If a...
The Hierarchy of Creditors

The Hierarchy of Creditors

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...
What is probate?

What is probate?

Probate is the court-supervised process for identifying and gathering the decedent’s assets; paying taxes, claims and expenses; and distributing assets to beneficiaries. The Florida Probate Code is found in Chapters 731 through 735 of the Florida Statutes.
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