Posts tagged "estate"

In Florida, are there any good reasons to open a probate?

Many experienced estate attorneys in Florida will advise that it is often best to do everything reasonably to try to avoid probate. In some instances, the question arises whether there is any good reason to open a probate. In the right situation, the answer can be a resounding "yes."

In Florida, should you transfer your vehicles into your Trust?

A frequently employed estate planning instrument is the Living Trust or Revocable Trust. Such a Trust can minimize or avoid probate altogether. In order to be effective, the Trust should be funded, i.e. assets should be transferred into it. 

What happens when a Living or Revocable Trust is not funded?

If the Settlor does not take the steps necessary to fund a Living Trust, in most instances a probate will be necessary in order to allow the transfer or liquidation of the Settlor's assets. This would apply to most assets which are titled only in the Settlor's name and which do not have a beneficiary or a POD designation.

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