According to NerdWallet’s yearly Credit Card Debt Study for 2022, American households carry an average debt load of $155,622. When dying with outstanding debts, the executor named in your will may need to pay some of them from your estate’s assets. Surviving spouses...
Probate
Guide to Florida probate – How you can make things easier going forward
In Florida, every estate must pass through probate. Familiarizing yourself with what the process involves will help you plan ahead strategically. The first step is to make a petition for probate with the appropriate court. If there is a will, the probate court rules...
The two types of Florida probate administration
Florida provides two different types of probate. As noted by the Florida Bar, property may transfer to heirs through either a formal administration or summary administration process. With a formal process, the probate court settles the deceased's financial matters....
Is avoiding probate an option?
Not everyone interested in estate planning realizes that writing a will isn't always necessary. Sometimes, it is possible to leave things to heirs without going through probate. Interestingly, a Florida court could probate a will, but some assets don't require...
Why probate might not be so bad
If you're new or a veteran to the real estate industry, then you may have heard that probate is something that you should avoid as much as possible. There are plenty of people in Florida who spend a lot of time and money writing their estate plan to avoid probate....
How the death of an executor affects an estate
Estate planning is important for everyone no matter what their assets look like. Anyone who has children should at least have a last will and testament. This document allows them to appoint a guardian of their choosing. People in Florida should know that an executor...