Katherine Schnauss Naugle will teach an estate planning seminar at Jacksonville Heights Elementary to a group of teachers on October 21st, 2013. Mrs. Naugle travels all around the city to give these talks in order to assist people in getting...
The Florida Bar states: “Probate is a court-supervised process for identifying and gathering the assets of a deceased person (decedent), paying the decedent’s debts, and distributing the decedent’s assets to his or her beneficiaries. In general, the decedent’s assets are...
The Florida Bar states: “Serving as trustee is no simple task. While very important, the prudent investment of trust assets is not a trustee’s only responsibility. Your trustee’s exact powers and duties will depend on the instructions in your trust...
The Florida Bar states: “A guardianship is a legal proceeding in the circuit courts of Florida in which a guardian is appointed to exercise the legal rights of an incapacitated person. A guardian is an individual or institution (such as...
The Florida Bar states: It depends on the facts of each situation; some probate administrations take longer than others. For example, the personal representative may need to sell real estate prior to settling the probate estate, or to resolve a...
The Florida Bar states: “Probate is necessary to pass ownership of the decedent’s probate assets to the decedent’s beneficiaries. If the decedent left a valid will, unless the will is admitted to probate in the court, it will be ineffective...
What happens if there is no Will? The Florida Bar states: “If someone dies without a valid will, he or she is “intestate.” Even if the decedent dies intestate, his or her probate assets are almost never turned over to...
The Florida Bar states, “The personal representative is the person, bank, or trust company appointed by the judge to be in charge of the administration of the decedent’s probate estate. In Florida, the term “personal representative” is used instead of...
The Florida Bar states: “Avoiding probate may lower the cost of administering your estate and time delays associated with the probate process. However, many of the costs and time delays associated with probate, such as filing a federal estate tax...
The Florida Bar states, “Any adult resident, related or unrelated, of Florida can serve as a guardian. Certain relatives of the ward who do not live in Florida may also serve as guardian. Persons who have been convicted of a...
