Recent Blog Posts
What Is Income in Respect of a Decedent (IRD) in Florida?
The IRS defines income in respect of a decedent (IRD) as income your loved one had a right to receive before their passing. A key feature of IRD is the fact that it passes to the estate with outstanding taxes owed. If your loved one passed away with IRD, you should understand how the… Read More »
How to Stop Your Loved Ones From Selling Their Inherited Stocks Right Away
If you want to prevent your beneficiaries from selling your stocks as soon as they inherit them, consider using a trust. A trustee can control your investments on behalf of your beneficiaries, helping to avoid unintended consequences. Contact an experienced estate planning lawyer in Tampa for further guidance. A Trust Prevents Your Loved Ones… Read More »
When Does a Revocable Trust Change Into an Irrevocable Trust in Tampa?
If you’re familiar with revocable and irrevocable trusts, you might be under the impression that you have to choose one or the other. What some might not fully understand is that under certain circumstances, a revocable trust can become an irrevocable trust. When might this happen, and how will it affect your estate plan… Read More »
Can I Choose More Than One Personal Representative in Tampa?
When it comes to estate planning, contingencies are always helpful. Two personal representatives could be more reliable than one, but is this really possible? Are you allowed to choose more than one personal representative, or are you limited to just one? This is a conversation you might want to have with an experienced estate… Read More »
Privacy: One of the Most Overlooked Benefits of Probate Avoidance in Tampa
Compared to creditors, capital gains, and fraud, privacy may seem like a relatively unimportant priority during estate planning in Tampa. Why is the public nature of probate so disadvantageous? Is it really a major issue if the general public can see the details of your estate when you pass away? This is a question… Read More »
Am I Slowing Down Probate by Raising Concerns About the Will?
If you are the personal representative of an estate and you’re concerned about the Will, you may be reluctant to make your thoughts known. What if you slow down probate in Tampa by raising these concerns? What if your family members blame you for slowing down the inheritance process? Should you keep quiet or… Read More »
Is It Possible for Probate in Tampa to Take Years?
If you have recently lost a loved one and you are about to begin probate, you may be curious about how long this process will take. Perhaps you are eager to inherit assets left behind by your loved one. Maybe you are the personal representative, and you want to get this responsibility over with… Read More »
Does a Power of Attorney Apply to All Future Decisions?
A power of attorney is a popular estate planning tool in Tampa, and it allows you to designate an “agent” who can make decisions on your behalf. However, decisions come in many forms, including legal, financial, and medical choices. Can a power of attorney apply to all of these various decisions? Or do you… Read More »
Waiting Two Years for Summary Administration During Florida Probate: Pros and Cons
If you live in Florida, you might have heard about summary administration. This process is designed to be quicker, easier, and cheaper than normal probate. Although estates worth $150,000 or less automatically qualify, you can also simply wait two years and automatically gain access to summary administration regardless of the estate’s value. Is this… Read More »
The Importance of Earning Interest During Probate in Florida
Probate in Florida can take years, and it often involves millions of dollars in assets. Did you ever stop to wonder how much interest those assets could generate while you wait for probate to conclude? This passive income could prove seriously rewarding for you and your family members, so how do you approach this… Read More »