Tag: probate

When is the Right Time for Estate Planning?

Is Estate Planning Important? The process of estate planning is more than just creating a will. Effective estate planning is vitally important. Estate planning minimizes income and estate taxes while also providing answers to questions regarding protecting your assets, medical treatment if you become incapacitated, and ensures money for anticipated expenses following your death. There is…

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Probate: The Basics

What is Probate? Probate is a process for gathering the decedent’s assets, paying taxes, claims and expenses and distributing assets to beneficiaries. This is the first legal step of administering the estate of the deceased person through a will. Florida law establishes two types of probate administration: Formal and Summary. These two types of administrations vary…

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