Estate planning should include careful consideration of the person you select to execute the wishes in your will. Effective probate and estate administration can depend on the person you select as executor for your estate. Basics An estate is everything that a person...
Estate Administration
Estate Administration
Handling a person’s bank account after they die
An estate administrator or executor must exercise many responsibilities after a person dies. Handling a deceased person’s bank account is one of the first duties involved in probate and estate administration. What happens first A bank or financial institution holding...
What is probate?
The probate process can play a significant role in the administration of an estate. It can also be a costly and time-consuming process that many estate planners and families may wish to avoid which is why estate planners should be familiar with probate basics. Probate...
Keep these issues in mind when selecting a trustee
Many people in Florida choose to include trusts as part of their estate plan. A trust can be a useful vehicle for passing on your assets to loved ones or a favorite charity upon your death. Trusts are overseen by a trustee named in the trust document. The following...
