Articles Posted in Probate
Florida’s New Trust Code is Retroactive
Florida Estate Planning: Financial Details
When you die, someone has to know hot to determine or what the details of your financial life are It is important to make a comprehensive list of assets, liabilities, life insurance policies, power of attorney, Florida will, credit cards, details of bank accounts and all other important financial information.…
Guns after Death
With Florida Estate Planning it is important to consider the effects of a gun on the probate process. Neil E. Hendershot a Professor at Widener University School of Law in Harrisburg and author or PA Elder, Estate & Fiduciary Law Blog, had a Student submit an article regarding the possession…
Digital Property After Death
Are Pets Subject to Estate Taxes
Since Leona Helmsley’s dog inherited $12 Million dollars, when her dog dies will it have to pay estate taxes. If so will the trustee opt to take advantage of the 2010 unlimited exemption and euthanize the dog in 2010? It appears that New York’s Pet Trust Statute makes allows the…
Florida Enhanced Life Estate Deed
A Florida Enhanced Life Estate Deed (sometimes called “The Lady-Bird Deed”) is a tool used by Florida Estate Planning Attorneys, Florida Elder Law Attorneys, and other by Florida Lawyers to preserve the homestead for the benefit of the family. Upon the death of the homeowner’s the property will pass to…
Florida Probate and Wrongful Death: Proceeds may not be claimed for unpaid child support
In Florida probate, proceeds from a wrongful death action are not subject to the claims on creditors including unpaid child support. In Re: The estate of Johnny Glenn Barton (631 So.2d 315) the Second District court of appeals reasoned that since the recovery for wrongful death has nothing to do…
Florida Trusts & Real Estate
In Jacksonville or other cities in Florida, there are many advantages to using a Revocable Living Trust or Florida Land Trust to hold title to real estate. Dyches Broddiford has an interesting article dealing with many of these issues. In summary a real estate trust provides: – Privacy for the…
Estate Planning and Discounts: Can a Fractional Interest In Artwork Be Discounted For Estate Planning Purposes
To discuss how this case may affect you, talk to your Florida Estate Planning Lawyer In the recent case of Stone v. United States, No. 3:06-cv-00259, United States District Court for the Northern District of California (May 25, 2007), the declined to give a discount to the value of artwork.…