Tag: Florida Estate Planning

Florida Trusts

A trust is an arrangement in which one person (the trustee) manages and holds the title to a property, which can be both personal property and real property, to another (the settler or with) in favor of a third party (the beneficiary). There are many types of trusts in Florida. A testamentary trust is created…

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Whether Your Florida Will is Valid

Whether Your Florida Will is Valid

A will is an instrument that is executed with certain formalities that may be revoked within in the maker’s lifetime and operates only after the maker (“testator”) dies. If you’re wondering whether your Florida will is valid, consider the following. In Florida, a valid will requires certain formalities. These formalities include the testator’s signature, witnesses,…

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Personal Representative of Florida Ancillary Probate

Personal Representative of Florida Ancillary Probate

If a non-U.S. resident dies leaving assets in Florida, an ancillary administration is necessary. The personal representative of Florida ancillary probate proceedings has the duty of organizing the decedent’s assets located in Florida, giving notice to creditors and paying valid claims, and distributing the remaining assets according to the decedent’s will or the intestacy statutes. If…

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