Monthly Archives: August 2020
The Role of a Personal Representative in Probate
When a loved one passes away, a personal representative (PR, also called an executor) is needed to oversee the disbursement of their assets and debts to their heirs, and carry out numerous other duties relating to probate. If you have been named PR of an estate, you are now duty-bound to carry out the… Read More »
The Florida Elective Share Statute
In order to protect the surviving spouse of a person who passes away in Florida, the state has what is called an elective share statute, granting the surviving spouse a share of their deceased spouse’s estate so the surviving spouse is not disinherited. Florida law states that the surviving spouse is entitled to an… Read More »
Medicaid Eligibility and Estate Planning in Florida
According to the Florida Health Care Association, the average cost of care in a Florida assisted living facility is around $48,000 per year, with a private room in a nursing home costing even more – around $100,000 per year. These types of costs are simply untenable for the majority of Floridians, and because of… Read More »
Florida Charitable Trusts Decoded
It is very common for those planning their estates to want to give some of their assets to a charity or charities that they support. However, simply establishing an amount in your will is not necessarily the best way to give; too much can change in Florida probate and too many other people can… Read More »