What Are Examples of Executor Misconduct?
An executor is a person who is appointed to carry out the instructions of a will after the death of the person who made it. The executor has a fiduciary duty to the beneficiaries of the estate, which means that they have to act in good faith and in the best interests of those beneficiaries. […]
How Do You Split an Inherited House?
Jointly inheriting real estate can be tricky, particularly when the beneficiaries don’t agree on what to do with the property and want to split an inherited house. This situation often occurs when multiple siblings inherit their parent’s home as co-owners. When siblings disagree over whether to keep the property or sell it, increased family tensions […]
How Long Do You Have To Contest Probate in Florida?
If a person passes away without a will, their assets are distributed by probate court according to Florida’s intestate succession laws. However, having a will does not mean you avoid probate court. Florida probate court governs the disposition of all descendants’ (the person who passed away) estates. Many assets will pass directly to designated beneficiaries […]
What Does an Inheritance Lawyer Do?
An inheritance lawyer, also known as a probate or estate lawyer, is a state-licensed attorney who helps personal representatives and heirs of estates handle the estate of a deceased person. An inheritance lawyer can be involved in various capacities based on the specific details of an estate. A probate lawyer’s role in settling an estate […]
What Is Estate Property?
Executive Summary Introduction Contrary to popular belief, an estate is more than just a mansion or piece of property. When someone passes away, all of the real estate and personal property that they currently own individually becomes “estate property.” This means that, until the property is distributed to the deceased’s heirs and beneficiaries, their assets […]
Who Gets the Life Insurance Proceeds?
Executive summary Introduction When you purchase life insurance, you may designate a beneficiary to receive the proceeds upon your death. The person you designate as a beneficiary will receive the full funds from your policy. You can name a single beneficiary if you choose to do so. However, it is advisable to name both a […]