In Florida, estate plans often contain trust documents. Two common types are revocable and irrevocable trusts. The person who creates the trust is known as the “settlor” or “grantor.” The person responsible for managing the trust is the “trustee.” The trustee may be a relative or another trusted person, bank, or trust company. Of course,…
A deed is a written legal document used to transfer property ownership. Florida recognizes various types of deeds including warranty deed, quitclaim deed, life estate deed, special warranty deed, personal representative’s deed, guardian’s deed, trustee’s deed, and others. To be valid, each deed must follow Florida law. For example, a deed must clearly identify the…
An estate attorney plays a vital role in helping individuals and families safeguard their assets during life and ensure a seamless transfer of wealth after death. Also known as an estate planning lawyer or probate attorney, their work encompasses strategies to avoid unnecessary taxation, reduce legal complications, and streamline the probate process to save time…
Who Becomes Executor if There is No Will? While the thought of passing away is something unpleasant that no one likes to dwell on, it is important to consider planning for the inevitable we all must face. Estate planning is a crucial part of this, particularly when it concerns protecting family assets and the financial…
POD Beneficiary Estate planning ensures that an individual’s assets are distributed according to their wishes after passing, helping to minimize legal complications and delays for their loved ones. One key aspect of estate planning is designating beneficiaries to receive assets efficiently. In Florida, residents can use a Payable on Death (POD) designation to simplify the…