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When a person dies, his or her surviving spouse has certain rights to the person’s assets that almost no one else does, and that’s just as true in the state of Florida as it is anywhere else in the nation. Florida law benefits the surviving spouse’s rights for almost...
A beneficiary is a person who receives your assets when you die. In simple terms, when you make a will, life insurance policy, or open an investment, the person named as the beneficiary will be the recipient of the assets when you pass away. You can list more than one...
For the most part, if a person dies with or without a will and has assets in his or her name only, then probate is necessary to distribute the assets and property. But what assets go through probate in Florida? PROBATE PROCESSProbate, often referred to as estate...
When you give gifts to heirs in Florida, what are the tax implications, and who pays the tax? The good news is that the recipient of the gift, even if it is cash, does not owe any taxes to the Sunshine State. The reason is: making a gift to an heir in Florida is not...
When a person dies without making a will, the process that determines the distribution of his or her assets is referred to as intestate succession. For example, if you die without making a will, no one can legally distribute your estate/assets. This matter is then...
People always ask, “Do you need a Florida inheritance lawyer?” The answer to this question depends on several factors. First, if you have little or no idea what probate is, it is important to consult with a lawyer. Second, if there is no will and/or there are family...
During the process of legacy planning, you may come across many terms with which you’re unfamiliar. Among those terms is “decedent,” and understanding this one is key to making the right preparations for your estate with Elder Law. So, who is considered the decedent...
Does a spouse automatically inherit everything in Florida? The good news is that Florida has very spouse-friendly survival laws. According to the Florida Probate Code, in most cases, the surviving spouse will be entitled to some or all of the estate, including the...
At Elder Law, P.A., we know selecting the right law firm to handle all of your estate planning needs can be difficult. The planning process is the best way to prepare your family for the future, and our legacy law firm works to help you leave a positive impact on...
Florida inheritance laws strive to preserve the rights of its citizens to receive property and money after the death of their loved ones. In addition, under the Florida probate law, several property rights have been created for the heirs, widows, and beneficiaries....
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