Probate is a court-supervised process for identifying, gathering, and distributing an individual’s assets, transferring the title of the assets to the beneficiaries of the probate estate, and resolving any mandatory creditor claims. It can be a time-consuming and costly process, requiring the filing of specialized documents and compliance with specific laws and procedures.
If you are among the thousands of foreign nationals who own real estate and other assets in Florida, be aware that Florida law has special requirements and protocols for non-U.S. citizens who own property in Florida at the time of their death. Probate for foreign nationals involves the intersection of state, federal,...
Avoiding probate is often among the top priorities of anyone undergoing estate planning, and for a good reason. Probate is known to take too much time, cost too much money, and cause too much stress for loved ones. The Florida probate process can be overwhelming, especially following a traumatic event like...
Dealing with grief is not easy in itself, so when you also have to deal with the probate process after a loved one passes, it can be doubly stressful. The probate process involves identifying a deceased loved one’s assets, paying off their outstanding debts (if applicable), and distributing the rest of the...
A Florida Enhanced Life Estate Deed (also known as a “Lady Bird Deed” because President Lyndon Johnson used one to pass property to his wife, Lady Bird Johnson) is an estate planning instrument that allows a property owner to maintain control of his or her real property while also avoiding probate...
A Lady Bird Deed is one of the best estate planning tools Florida has to offer. Formally known as an “Enhanced Life Estate Deed,” this type of deed allows a property to pass automatically to a decedent’s designated beneficiaries upon death without the need for probate.
The history behind the name of...
Most people know that a Will is a crucial legal document in any estate plan, as it establishes what assets you own and to whom they will be distributed. Given the importance of a Will, it is reasonable to wonder what would happen to your estate if you were Farshchian Law
Probate is the process of identifying the assets that belong to a deceased’s estate, using those assets to pay any debts or obligations owed by the deceased, and finally, distributing the remaining assets to the beneficiaries named in a will or as per Florida law (when there is no valid will).
A Florida homestead property must undergo probate when there is only one individual on title or when there are a few individuals who hold title as tenants in common and one of those individuals passes away. Probate is a process whereby a court supervises the winding down of an estate (such...
If you have been named the executor or personal representative of a loved one’s estate, you are no doubt aware of the heavy responsibility on your shoulders. Not only have you been entrusted with someone’s legacy, but you must now figure out how to handle it within the legal and judicial framework...
