Tag Archives: probate process
What to Know About Transfer-on-Death Securities and Deeds
Certain types of assets in your estate may contain transfer-on-death designations. Some examples include securities and deeds to certain types of properties. Here’s a quick overview of what you should know about these assets when they have a transfer-on-death (or “TOD”) designation. Transfer-on-death securities The Uniform TOD Securities Registration Act allows securities holders to name […]
How Has Coronavirus Impacted the Probate Process in Florida?
The impact of COVID-19 has been evident in just about every area of business, including the legal world. The impact has been particularly severe on the probate court here in Florida. As of mid-November, there had been more than 870,000 confirmed cases of COVID-19 in Florida and nearly 18,000 deaths, with the hardest-hit areas being […]
Do Life Insurance Proceeds Go Through the Probate Process?
In most circumstances, life insurance payouts do not go through probate. As long as you have your beneficiary designations in order, there should not be any issue with your chosen beneficiaries getting the money they are owed after you pass. However, you may need to conduct some extra planning if you will potentially owe estate […]
What are the Major Steps of the Probate Process?
Probate is a process by which a deceased person’s estate is settled and finalized. Although this involves probate court, the bulk of this process is administrative and handled outside of the courtroom. In fact, it is rare for a person administering an estate to go to the courthouse for any reason. The following are the […]