Blog
The Quick and the Deed
There is a type of deed called a “quit claim deed,” the name of which comes from an archaic verb that actually says the person signing the deed “quitclaims” the title to the other person. Literally, it means “I will not make any claim to the title after I record this deed.” Because the word… read more
Finally, a Book to Recommend
People often ask us if we can recommend estate administration or estate planning services, software or books, and we’ve been looking, honestly. Sadly, the answer is usually “no.” Florida law has just enough oddities that anything written for a national audience almost always fails to spot all the places where Florida law differs. But we’re… read more
Florida’s Two Kinds of Probate
Probate is a court process, which varies from state to state. People use it to transfer ownership of assets (land, houses, stocks, money) from people who died (decedents) to the people who under the law inherited those assets (heirs or beneficiaries). Sounds simple? Sadly, it often is not. In Florida, there are two very different… read more
Firearms in the Estate
Inheriting a gun may be OK — shipping it, maybe not. What does a personal representative do when firearms are among the estate assets? Obviously, he or she must take steps to make sure that guns are not loaded, accessible to minors or to others who should not be trusted with firearms, or otherwise creating… read more
Florida : “Entirety” = Fewer Probates
Rarely is probate needed for Florida property when one spouse dies. The general rule in Florida is that, even if the deed does not identify two owners as husband and wife, if they are indeed legally married most likely the couple owns the property as “tenants by the entirety” (TBE). TBE ownership means that no probate… read more
Don’t Blindly Trust Trusts
The best thing a nominated Trustee can do is decline to serve (I’m only kidding…or perhaps not). The second best thing is to hire an attorney. It’s no secret among those who regularly practice in trusts and estates that living trusts have been oversold for the past 15 years. By “living trust,” I am referring… read more
Phantom Income in Estates
“Phantom income” is a term sometimes applied to taxable income you did not know you had, or no one reminded you that you had. Business owners often see it when they use the business income to pay off loans that put capital into the business. The interest may be deductible, but the principal payment is… read more
“What Is Probate, Anyway?”
A primer on Florida probate – what it is and how it works. Probate is the name of a court process for transferring ownership of property after the owner’s death to the persons who have inherited that property. Probate happens whether or not the person now deceased left a Last Will. A Last Will never… read more
Don’t Pay Creditors!
Do not let the creditors of your loved one’s Florida estate pressure you into paying them before a Florida probate administration has even begun. We see too often a client who has been harassed into payment, just days or weeks after their family member has passed away, only to find out when they call us… read more
Debts Also Die
You would not know it from some bill collectors who hound people even 10 years after the debt was due, but nearly all debts die of old age eventually. Legally, it is called a “statute of limitations,” which means that after a certain number of years the courts will not enforce the debt. If a… read more