by Monique | Nov 25, 2020 | Avoiding Probate, Estate Planning, Estate Planning for Parents, Probate, Transferring Wealth to the Next Generation
An enhanced life estate deed, also known as a ladybird deed, is an effective way to transfer real property on the death of the owner without going through probate or using a revocable trust. This allows a property owner to retain lifetime ownership of their...
by Monique | Jun 24, 2020 | Avoiding Probate, Estate Planning, Probate, Transferring Wealth to the Next Generation
Florida homeowners may not realize the Florida Constitution imposes certain rights and restrictions on their homestead property. Although there are specific requirements for a home to be considered a person’s “homestead,” generally it is an owner’s permanent...
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
