Florida’s Trust code allows courts to modify irrevocable trusts which are unambiguous but which have terms that are considered contradictory or wasteful. Courts can modify trusts if the trust’s [...]
A new federal law allows individuals to help their loved one with special needs save for their future without jeopardizing their public benefits. In December of 2014, the Federal Achieving a [...]
Even if your gross income (prior to deduction) is above the minimum required to qualify for Medicaid ($2,199 for 2015), you may be able to become eligible by setting up a Qualified Income Trust [...]
Certain assets by their very nature can avoid probate. Probate is not necessary to transfer certain jointly owned non-probate assets because these assets pass by operation of law. In Florida, [...]
Probate can be necessary or appropriate in certain cases. However, these are some common disadvantages to probate. Probate in Florida can be a lengthy process which can begin as [...]
Probate can be a good option for those who do not want to spend money during their lifetime on legal fees to prepare Trust documents. Allowing an estate to go through probate would instead cause [...]
Probate assets include assets for which the deceased person was the sole owner or jointly owned assets which lacked provisions for automatic succession of ownership at death. Non-probate [...]
Probate is a court-supervised process for identifying and gathering the assets of a deceased person, paying their debts, and distributing their assets to beneficiaries only after some of [...]
