Trusts and Wills allow you to distribute your wealth and possessions to family, friends, and charitable organizations after you pass away. While wills and trusts share the same goal, they serve different purposes and operate differently from one another. Which one is right for your situation? below, we discuss the differences between wills and trusts […]
A Last Will and Testament states how you would like your assets divided among family, friends, and organizations after you pass away. If you pass away without a will, however, your belongings and financial affairs will still need to be distributed to your family according to state law. Below, we discuss the process of dividing […]
According to Florida Statute 702.2, a Power of Attorney (also referred to as a POA) is a written authorization that allows a person (called an agent) to act in the place of someone else (a principal). Powers of attorney serve a distinct and defined purpose. This overview explains what a power of attorney is and […]
A will is a vital estate planning document that ensures a loved one’s property and possessions are distributed to beneficiaries as desired once they pass away. However, people may not always agree on how the will was drafted or executed. When there is a disagreement about a will’s validity or how assets are distributed, it […]
A trust is an entity that legally transfers property and possessions to others after you pass away. Trusts are created between the person who makes the trust (the grantor), those who manage the trust (trustees), and the people who receive the assets stated in the trust (beneficiaries). There are several benefits to creating a trust […]
Probate is the legal process of handling financial affairs and distributing someone’s estate after a loved one passes away. The probate process can be complex, so it is vital to work with an experienced probate attorney like Brian W. Hurd. We can help you navigate the process if you are a will’s executor or involved […]
Guardianship is the legal process of appointing a person to make decisions and handle the affairs of someone who cannot do so for themselves. Typically, this occurs when an elderly family member needs help managing their finances and everyday responsibilities. This person is referred to as a “ward,” while the person managing their affairs is […]
There are certain situations where probate is necessary in Florida. One example is when a person dies without a will, called “intestate.” When a person passes away without a named beneficiary or a will, the probate process helps determine who should inherit their assets. However, probate proceedings can be time-consuming and complicated, so it is […]
Your last will and testament are designed to execute your final wishes after you pass away. A will helps your family divide your possessions and assets and take care of the financial aspects of your estate, such as paying off debts. Without a will, your estate will be handled according to state laws, which may […]
If you are in the process of estate planning or are executing someone’s will, you may wonder how much probate costs. Many factors determine the final cost of probate, and it is sometimes challenging to estimate final costs ahead of time. The cost of probate depends on the individual estate and its complexity. Learn more […]
