The Probate Process 101: Your Guide to Florida Probate
It is always a good time to get back to basics. Each state in the U.S. has their own laws with regard to probating a deceased person’s estate, and Florida is no exception. If you have recently lost a loved one and would like to know how the probate process in Florida works, then you have picked the right article.
TELL ME ABOUT LEAVING PROPERTY IN A WILL IN FLORIDA
Whenever we think of passing on our assets, and our legacy, to our family, the document that looms largest is always the last will and testament. Indeed, there are many different types of estate planning and probate-related documents and tools for those who want to pass assets to future generations yet leaving property in a will is still one of [...]
Are There Special Tax Deductions for Daycare Providers?
While daycare centers typically enjoy all the possible deductions available to any ongoing business, you may be surprised to learn that there are particularly focused tax deductions for daycare providers that some other businesses may not enjoy.
Probate and Life Insurance, How Do They Relate to One Another?
One of the most common questions we get at Doane & Doane, PA is “does life insurance go through probate?” The short answer to that question is “no . . . in most cases.” Indeed, even though a life insurance pay-out is normally separate from probate assets, there is some gray area with regard to the relationship between probate assets [...]
What is the Difference Between Revocable and Irrevocable Trusts?
Have you ever heard the phrase “work smarter, not harder?” Of course you have. We all strive to make our lives a little easier by getting something done in the most efficient way possible. What is amazing, though, is that we all so often work harder, not smarter anyway [...]
How to Do an Irrevocable Trust Modification in Florida?
Irrevocable trusts can be a bit tricky. In one way, it is just like other trusts. You, as the “grantor” or “settlor” (i.e., the person who creates the trust and puts assets – financial, real estate, or otherwise – into the trust), can fund the trust as you see fit. You can provide instructions on how the trust is to [...]
What is a Grantor?
If you are curious about the meaning of the term “Grantor,” then you are most likely starting to do some estate planning. Perhaps you are preparing estate planning documents yourself, perhaps you already have an attorney who has asked to you answer some questions to begin the estate planning journey, or perhaps you are just surfing the net to get [...]
Do You Need a Living Trust or a Will?
You have devoted your life to your career, to saving for the future, and to providing for your family. Now that you have accumulated some assets and have an estate that you will eventually want to pass on to your children, you should make sure to make the right choices for those assets [...]
Gloomy Skies Create a Perfect Storm for Wealth Transfer Opportunities
Our portfolios have taken a fairly serious hit in the first half of 2020. Not only has the stock market pulled back in response to the global pandemic, but it is plagued with volatility, which seems to coincide with all of the unpredictability we are experiencing these days [...]
What Are the Rights of Creditors and Surviving Family Members in Probate?
After a loved one passes away, it can be a very emotional, overwhelming time. The last thing on the family’s mind may be settling the deceased’s estate. But unfortunately, the clock is ticking and certain actions must be taken promptly to make sure that beneficiaries and creditors get what they are entitled to [...]