Category Archives: Probate
What Are Probate And Non-Probate Assets?
It is important to understand the difference between probate/non-probate assets when it comes to estate planning in Florida. Probate assets are those that pass through a will or trust, while non-probate assets are those that do not require a probate court proceeding in order to be distributed. The Pompano Beach probate vs. non-probate assets… Read More »
What Makes A Power Of Attorney Invalid?
When granting someone power to manage your finances or make decisions on your behalf, it is important to understand the legal steps necessary to create a valid power of attorney (POA). It is equally as important to recognize what can make a power of attorney invalid in the state of Florida. Pompano Beach estate… Read More »
How Florida Probate Rules Prevent Creditors From “Jumping The Line”
When administering a Florida estate, the executor or personal representative must pay any debts or expenses of the estate from the available assets. If there are insufficient assets to pay everyone, the law spells out the order in which different classes of creditors are paid. For example, the highest class is the expenses related… Read More »
Is A Person’s Interest In A Limited Liability Company A Probate Or Non-Probate Asset?
A common source of estate litigation in Florida is the question of what is considered a “probate” asset in the first place. For example, it is well understood that assets placed in a trust or subject to a payable-on-death designation are non-probate assets. But other assets may fall into more of a gray area… Read More »
What are Probate and Non-probate Assets in a Pompano Beach Estate
Distinguishing between probate and non-probate assets is an integral part of estate administration. This can be a time-consuming process for an executor or personal representative. Confusion over assets can also cause disputes between heirs and beneficiaries, requiring the assistance of a Pompano Beach probate vs. nonprobate assets attorney. When you are drafting or updating… Read More »
The Fiduciary Duties of the Personal Representative of an Estate, According to Florida Law
If a deceased relative has named you the personal representative of his or her estate, do not panic. Being a personal representative of an estate, also known as an executor or administrator in states other than Florida, is a job with a beginning and an end. Serving as the personal representative of an estate… Read More »