Plus, probate can just be a time-consuming hassle. For all these reasons and more, you may want to avoid probate and there are, in fact, ways you can do so. Simplified Probate There is a simplified probate process, also known as Summary Administration in the state of Florida. If the ...
How to file for divorce in FloridaThere’s a 30-day simplified divorce process for couples who agree on terms, do not have dependent children, and have no alimony involved. Otherwise, contact the local court clerk’s office for information on the state’s four types of divorce....
Naming your children as the policy’s beneficiaries may seem logical. However, if your beneficiary is a minor at the time of your death, the insurance provider may not pay out the benefit to the minor. Instead, the matter may head to a probate court that will determine a guardian. ...
Make a living trust. In Pennsylvania, you are allowed to make a living trust so as to avoid probate of real estate, vehicles and bank accounts among others. Create a trust document mentioning the person you choose as trustee after your death. Transfer the rights of your assets to yourself ...
If you are the creator, a co-trustee, or a beneficiary of a family trust and you believe a trustee is not acting properly, there are ways to go about removing or replacing a trustee.
If you use it, it won’t be there to pay your funeral costs. Also, make sure the deceased is not the only person named as the account holder where the funds are being held. That would subject the funds to the probate. Get burial insurance— Purchase burial insurance (aka “final ...
If you use it, it won’t be there to pay your funeral costs. Also, make sure the deceased is not the only person named as the account holder where the funds are being held. That would subject the funds to the probate. Get burial insurance— Purchase burial insurance (aka “final ...
We’re here to support you and help you make financial decisions during a difficult time. While each situation is different, there are steps to take when a loved one passes away. To get started, you'll need to notify us of your loved one's passing by phone, online chat or by visiting...
The duties and powers of the personal representative begin with the grant of letters of administration, but the powers can relate back in time to prior acts that are beneficial to the estate. There will be things to do before the Florida probate process starts that the person named personal ...
Each state has the option to adopt or amend the UTMA for its residents.1For example, South Carolina has not adopted the UTMA for its citizens, and Florida passed a statute in 2015 that allows anypropertyto be held by the UTMA custodian until the minor is 25, if desired.5 ...