What is the Difference Between Summary and Formal Administration in Probate Court?
Probate court proceedings are necessary when a person passes away owning property that does not have a “payable upon death” provision, joint owner, or beneficiary designation. The only way…
What is Tenancy by the Entirety?
Tenancy by the entirety is a form of joint property ownership under Florida common law, available exclusively to married couples. You can own both real estate and personal property as…
What Assets Are Exempt from Probate?
Probate is the process by which a court finds a will to be legally valid, directs the payment of debts, and oversees the distribution of assets following an individual’s death.…
How Does the Florida Homestead Exemption Work if My Property is in a Trust?
Florida has one of the most expansive homestead exemptions in the country. The homestead exemption is designed to protect your primary home from creditors. However, placing your home in a…
Who Serves as the Personal Representative During Probate in Florida?
The personal representative of a person’s estate has significant responsibilities once appointed. Although many people choose their personal representatives by including that choice as a provision in their will, not…
How Can a Judgment Against You in Florida Affect Your Assets?
When you have been sued, and a Florida court has entered a judgment against you, you may be concerned about how that judgment will affect your assets. If you are…
Can a Creditor Pursue My Business Assets to Pay My Personal Debts?
All too often, an unexpected personal disaster can lead to financial problems. When faced with that situation, you may wonder how to best protect your business assets from personal debts…
Making Sure Your Beneficiary Designations Are Up to Date
Did you know beneficiary designations are an important part of estate planning? Probate is the legal process of distributing your estate after death to your heirs. Involvement with probate court…
Is an IRA a Good Way to Protect My Assets from Creditors?
Do you have a Individual Retirement Arrangement (IRA)? No matter how successful or financially stable you are, the potential for catastrophic events is always present. Natural disasters, unemployment, disability, and…
Is It Too Late to Protect My Assets from Creditors?
Job loss, serious illness, car accidents, and business closures are devastating events that happen to ordinary people every day. Most people don’t fully understand the ramifications of these catastrophic events…