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...
Dealing with the loss of a loved one is difficult enough without enduring the complexities of probate. You may have heard of the Small Estate Process, also known as the Small Estate Affidavit, which is a way to simplify or even circumvent the often long and complicated probate process. While Florida does...
After your loved one passes away, their estate may need to go through a process known as probate. Summary administration is one type of probate available in Florida. There are benefits to using this process, but not every estate qualifies.
Summary Administration in FloridaSummary...
A transfer on death deed is a useful tool for avoiding probate, saving your loved ones time, money, and stress after you pass away. However, these deeds are not available in Florida because the state has not adopted the Uniform Real Property Transfer on Death Act (URPTODA). What Floridians can use instead...
Are you worried about what will happen to your assets after you pass away? Estate planning documents like wills and trusts are essential for ensuring that your assets are distributed according to your wishes.
However, the hassle of transferring and distributing assets can be complicated and may require probate...
Are you worried about the excessive costs involved in probate court proceedings? Let us help you carry the burden.
Here at Farshchian Law, P.A., we understand how overwhelming the legal requirements and procedures can be for grieving loved ones. That's why we strongly recommend considering options to avoid...
