News & Resources

FAQs about Florida Probate

Co-authored by Sharon L. Palmer, ACP, FRP For most people, probating an estate is uncharted territory that brings up many questions and concerns. Here are a few of the frequently asked questions our office receives. What is “Probate”? The term “probate” is used to describe the court-supervised process of proving the validity of a will, gathering and distributing the decedent’s assets, paying of estate expenses, and filing and payment of taxes. For the different types of probate administrations and […]

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Required Minimum Distributions Part 3 – Death of IRA Owner

Co–authored by Kristine M. Scott, Estate Planning Associate We have discussed the basics of Required Minimum Distributions (RMDs) and how to use them to fund charitable giving. But what happens when a family member passes away owning an IRA? While dealing with the death of a parent, the parent’s retirement account is the last thing on your mind. But careful thought should be given when a family member passes away with a retirement account, especially if that family […]

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Probate Administration in Florida

Co-authored by Sharon L. Palmer, ACP, FRP Life can be a whirlwind after the death of a loved one, especially when one is unfamiliar with the legal system and what is required to get assets properly transferred to beneficiaries. We began our series to help you get through this difficult time with our previous post discussing “here to begin”. This article will serve as a guide to the different types of probates in Florida and the requirements for each […]

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Trustee Misbehaving – Part 2: Fireable Offenses

Co–authored by Kristine M. Scott, Estate Planning Associate In the last post, we talked about the role of Trustee in general, as well as the importance of a Trustee fulfilling his or her obligations to the trust and its beneficiaries. This week, we’ll elaborate on what each Trustee owes to the beneficiaries of the trust being managed. The obligations placed on an individual acting as Trustee are commonly known as “fiduciary” duties. In the context of a trust, […]

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Trustee Misbehaving? It Can Have Dire Consequences – Part 1

Co–authored by Kristine M. Scott, Estate Planning Associate The role of Trustee comes with very serious responsibilities. Not only has the person who created the trust, the Grantor, relied on that person to fulfill the Grantor’s intentions after his or her death, the beneficiaries rely on Trustees to perform the Trustee role in their best interests. In some cases, the Trustee may be the only means for a beneficiary to pay everyday living expenses, medical costs, and the […]

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Beware of Potential Scams During Tax Season

Co-authored by Sharon L. Palmer, ACP, FRP It’s that time of year again. Of course, our thoughts are turning to preparing our income tax returns – and imagining all the different ways we can “invest” our tax refund! Perhaps a down payment on a new car, something new for your home, maybe that vacation you’ve been dreaming about, or even getting your estate planning done. One thing is for certain – you’re not the only one who’s thinking of […]

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