Why is a Mortgage Not a Debt That the Estate Must Pay?
“How come I still have to pay the mortgage on my parent’s house, that I inherited in probate, when the Last Will states that all debts of the estate are to be paid?” That is a question we get sometimes – and it’s a great question. Why is the mortgage not a debt that the… read moreRead More
Practical Tips For Personal Representatives of Florida Estates
Here are a few tips for someone who finds himself or herself suddenly faced with the overwhelming task of handling a probate estate in Florida: Have their mail forwarded to your house. You should go through each piece of mail to assist you in identifying all of the creditors and assets of the Florida Estate…. read moreRead More
Why Trustees Open a Florida Probate Administration
One of the big reasons one would consider setting up a Living Trust (technically called “inter vivos trust,” meaning a trust created while you are alive) is to avoid a probate administration after your death. By correctly titling all of your assets (except for personal effects, cash and other assets which are not “titled”) in… read moreRead 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 moreRead 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 moreRead More