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In some states, there is what is known as an inheritance or death tax on the estate of the deceased. Fortunately, Florida is not one of these states and it does not have a specific inheritance tax. More importantly, all the beneficiaries and heirs in the Sunshine...
In general, the term “legacy” refers to a gift of an asset, property either in a will or by testament. Legacy is often used to refer to the disposition of either personal assets or property in the event of death. In simple terms, when you give an asset or property...
Nearly everyone has an estate or some type of asset(s). The estate may include things like your home, car(s), vacation home, savings and checking accounts, investments, pension, furniture, jewelry, life insurance, personal possessions, etc. The one sure fact of life...
For those who are considering making a will in Florida, it is important to understand that there are some rules that one has to follow. Not only are there several types of wills, but you have to know which one applies to you. All wills in Florida have to be attested....
When people make a will, the tendency is to list all their assets so that everything will be covered for the beneficiaries after the decedent's death. In general, assets stated in a will include cars, cash, investments, household furnishings, jewelry, and money in the...
Before one learns how to create a simple will in Florida, it is important to know Florida’s laws regarding wills. The sunshine state has specific requirements concerning the format of a will. Knowing the laws will not only protect your family but also ensure that your...
While many people in Florida create a will, not everyone does. After all, it has been estimated that more than half of all Americans do not have a will. There is no state law demanding that all citizens of Florida need to make a will. But if you want your estate to be...
In Florida, there are several types of wills and one of them is called the “simple will.” The simple will is where the testator (will-maker) states that everything he/she owns before death will all go to the spouse after death. However, if the spouse dies before the...
When a will has to undergo the probate process in Florida, a personal representative or an executor of the will is necessary because it is the law in the State of Florida. In the simplest terms, a personal representative’s duties in Florida include taking...
The probate process is supervised by the court system. Going through the probate process is a way to settle a person’s estate after they have died. It is the legal way to get the decedent’s (person who has died) assets to the beneficiaries or however the assets have...
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