Estates 101: The Four Types of Probate in Florida
Life is a long, beautiful marathon with an indistinct finish line. Having a will in place is not always enough to ensure that what you want to pass down to your family is handled after you pass away. Remember that all, or at least a substantial portion of your assets, must go through a court process to ensure that your [...]
The Grantor Retained Unitrust – Not as Complicated as It Sounds
Thinking about retirement and providing for your family after you have passed away can be daunting. For one, let’s be honest, it is not the most exciting, uplifting, joyous subject on which to spend any length of time. Planning for life after our demise is the classic definition of what we call, in slang terms, a “really bummer.” Second, it [...]
The Truth About Irrevocable Trusts
The key factor in an irrevocable trust is right there in the title – irrevocable. That means that, as you would expect, the trust cannot be revoked, right? Well, as they say, for every rule, there is an exception. And irrevocable trusts are, without being too confusing, no exception to the rule. Simply stated, irrevocable trusts are generally irrevocable, but [...]
Does Life Insurance Go Through Probate?
With matters of wills and inheritance, we are often reluctant to engage in a real, down-to-earth discussion about them. Without question, death and dying, and planning for those eventualities, are not very pleasant subjects. So, it is no surprise that such conversations are few and far between. Indeed, few Thanksgiving Day tables this year will be filled with talk of [...]
Common Questions About Guardianship For Minors
There are times and circumstances in life when a person is unable to take care of themselves. In such situations, a guardian is appointed who takes over the legal authority to make decisions on behalf of their ward. A guardian is usually appointed for minor children, incapacitated seniors and physically & mentally challenged adults. In the case of minors, guardianship [...]
How Are a Revocable Trust and Summary Administration Related?
Losing a loved one is a distressing, emotional event in and of itself. Having to handle all of the logistics surrounding the death of a loved one can be even more jarring. When it comes to the probate of a will, and the probate court proceeding, the level of frustration with the process may end up compounding the negative feelings [...]
Can You Entirely Disinherit Someone? Not Always
Family dynamics are always complicated. It is safe to say that since the beginning of time there have been conflicts, sides taken, and bad blood when it comes to family relations. Indeed, family conflict is the subject of most, if not all, of the movies and TV shows we consume all the time.
How Does an Estate Deal with Bills and Taxes?
Do you ever wonder what happens to all of your bills when you pass away? What about your taxes? Do you still owe the government after you die? As experienced probate attorneys, we at Doane & Doane have heard it all when it comes to client questions and stories about what happens to an estate after someone passes away.
What Is An Incentive Trust?
Financial mogul Warren Buffet once said about leaving an inheritance to children that the perfect inheritance is “enough money so that they feel that they could do anything, but not so much that they could do nothing.” Finding what is the “perfect inheritance” is a tough needle to thread.
Why Not Make Tuition Costs a Part of Your Advanced Estate Planning?
You want to make sure that your estate is planned to maximize the benefit to your family and other beneficiaries. You want to make sure that all your hard-earned dollars don’t go to Uncle Sam in taxes. How do you do that? You do that by making sure you have done some planning ahead of time. That means working with [...]