When an individual passes, as part of managing the decedent’s estate, not only do all of that person’s assets have to be gathered together, but any outstanding debts, tax filings, and distributions of money or property have to be handled as well. The individual most often called upon to handle such affairs and uphold certain […]
Melbourne Legal Blog
Trusts, especially living trusts, often include property beyond personal effects, such as real estate or investments. If the creator of the trust did not own the asset outright, a mortgage may remain in their name and the loan must be serviced by the administrator or beneficiary of the trust. Mortgaged properties in Florida may be […]
People who have spent decades building up their personal wealth will sometimes put it in a trust when they pass away, opting to leave it to a charity. Why do they decide to give away what they have worked so hard for? Below are five common reasons: They trust that leaving it to charity means […]
Trust litigation can be a complicated area of law, and Florida maintains a variety of codes that regulate how trusts are formed and modified in a court of law. Much of this aspect of law deals with who is entitled to a trust in total or assets and value contained in one. Legal code in […]
You’ve likely heard of a case along these lines before. A wealthy individual dies. When their will is filed with the probate court, it’s uncovered that all of the decedent’s assets are unexpectedly earmarked not to those who were expected heirs, but instead someone else. Situations like this often give rise to contested will cases. […]
When many individuals think about wills, what first comes to many of their minds is the idea of passing on their property to another person when they die. Few consider that living wills help establish guidelines for how medical decisions should be made in the event an individual becomes incapacitated and unable to do so […]
Charitable trusts are a great way to contribute to a charity you are passionate about. With a charitable trust, you have the flexibility to control how you want your contributions donated. You can also give to more than one charity or beneficiary. There are two types of charitable “split-interest” trusts, including a charitable remainder trust […]
Many people let others know the contents of their estate plan before they die. This gives you an idea of what you should expect. While this is usually how things happen, there is a chance that something in the estate plan is going to be different from what you expected it to be. These instances […]
People who create estate plans might include trusts in those plans. There are some instances in which some of the points of the trust make it difficult for the beneficiaries to get what is due to them. This is sometimes done purposefully to ensure the beneficiary stays on a positive life track. In other cases, […]
Most parents hope when they pass away, their children will all remain devoted to one another. Unfortunately, that is not always the case, especially not when there is an inheritance involved. Money tends to bring out the worst in people, especially if they feel they have been slighted. It may start with a disagreement and […]
