How Beneficiary Designation Avoids Florida Probate Court
The first time you go to the bank and open a bank account, the bank will complete a form and ask you who will be the owners on the account, who has signature authority, and who is going to be the beneficiary when you pass away. In order to select a beneficiary when you pass […]
Ways to Hold Real Estate Title for Florida Probate Purpose
Ways to Hold Real Estate Title for Florida Probate Purpose There are four different ways to hold title in real property in Florida: (1) tenants in common; (2) joint tenancy; (3) joint tenants with right of survivorship; and (4) tenancy by the entireties. If you own Florida real estate with more than one person, it […]
Top 5 Reasons to have an Estate Plan
Top 5 Reasons to have an Estate Plan Having an estate plan is an essential part of the American culture. It is a way to protect yourself, your family, and your loved ones. Sadly, many people fail to set up an estate plan because of lack of knowledge, the cost involved, or they just never […]
Ultimate Estate Planning Checklist
Ultimate estate planning checklist To create a a proper estate planning checklist, the first thing you must ascertain is your assets, your wishes, and your needs. Depending on the answer to those 3 questions, then an estate planning attorney can make recommendations on how to better achieve your wishes. Review Your Assets Before you create […]
How to Contest a Will for Undue Influence Florida
Home How to Contest a Will for Undue Influence Florida What is Undue Influence A Florida last will and testament can be challenged on the basis of undue influence if an interested person or beneficiary can show that there was “over persuasion, duress, force, coercion, or artful or fraudulent contrivances to such an extent that […]
What is a Holding Company?
Home BENEFITS OF A HOLDING COMPANY STRUCTURE IN FLORIDA What is a Holding Company? So what is a holding company you may ask? A holding company is a company that owns most, if not all, of the stock or membership interest in one or more subsidiaries, each which operates an active business. Most of you […]
Florida Waiver of Spousal Rights
Waiver of Spousal Rights in Florida Florida Statutes section 732.702 In Florida, surviving spouses have certain rights with regards to the estate of a decedent spouse. The typical rights which we will discuss further below include the elective share, intestate share, pretermitted share, homestead exempt property, family allowance, and preference in appointment as personal representative […]
Designation of Health Care Surrogate
Florida Designation of Health Care Surrogate You or someone you know will ultimately need a Florida Designation of Health Care Surrogate. According to the U.S. Census Bureau, there are presently nearly 90 million Americans over the age of 55. That is almost 30 percent of the population and that number continues to grow every year. […]
The Federal Estate Tax of Nonresident Aliens
The Federal Estate Tax of Nonresident Aliens This Article will briefly cover the consequences of a nonresident alien passing away owning U.S. situs property. For our purposes, nonresident alien means not a citizen and not a resident of the U.S. A resident is a person who acquires domicile in the U.S. by virtue of living […]
The Importance of a Life Insurance Trust
Life Insurance Trust for Estate Planning What is a life Insurance Trust? A Life Insurance Trust is a trust designed to be the owner or beneficiary of your life insurance. There are two types of trusts that are used to hold life insurance: 1) irrevocable trust or 2) revocable trust. Under a revocable trust, you […]