How Personal Representatives Locate Assets

Tag Archives: probate

How Personal Representatives Locate Assets

When a loved one dies, you might be named as personal representative. It is the personal representative’s responsibility to locate their assets so they can be distributed according to the will. Here is a quick guide to locating assets: What kind of documents must be located? Generally, the personal representative needs to look for a […]

Will Life Insurance Proceeds Have to Go Through Probate?

One common question people with life insurance policies have is whether or not they need to worry about proceeds from those policies passing through probate. The good news is that rarely will those payouts be subject to the probate process, so long as you have stayed up to date with your beneficiary designations. However, if […]

In Which Circumstances Can an Estate Entirely Avoid Probate?

There are some circumstances in which Florida estates do not have to go through the probate process. This usually happens when the deceased person leaves very little behind in terms of assets or property. Florida offers what is called Disposition Without Administration, a process that lets a person who paid for the final expenses of […]

What’s the Summary Administration Option in Florida?

In Florida, there are three main ways to settle an estate, one of which is summary administration. This method serves as a shortcut to the probate process for estates that meet either of the following criteria: The death occurred at least two years ago. The value of the estate to be probated, including all property […]

Simplified Probate Procedures in Florida

In Florida, it’s possible for small estates to take a shortcut through the probate process, making it easier for people to transfer property left by a deceased person to his or her beneficiary. This shortcut could even allow you to transfer large amounts of property, saving you a great deal of time and money. To […]

What Are the Requirements for Creating a Will in Florida?

A will can be a powerful document, determining exactly how your estate will be split among your heirs, charities or any other recipients that you choose.  However, to ensure that your wishes are carried out, it is important that your will be valid. To create a legally binding will, you must be an adult of […]

How to Determine Who Should Be Your Personal Representative

Choosing a personal representative (some states still call him or her an executor) can be a major decision when it comes to estate planning. This individual is responsible for handling the finalization of your financial affairs, along with carrying out the wishes you’ve outlined in your will and other documents. When you are deciding whom […]

Why You Should Plan Ahead to Reduce Problems with Probate

When someone passes away owning assets in his or her individual name, his or her assets must go through probate, a process to insure that the estate assets are distributed to the proper beneficiaries. To help streamline this process, it’s important to set up a strong estate plan and make sure your loved ones are […]

Does Insurance Money Get Processed Through Probate?

When someone close to you passes away, it can be very difficult to think about practical matters like settling that person’s estate. There are bound to be many questions related to this process, especially when it comes to items like the deceased individual’s life insurance policy. One of the most common questions that people want […]

Florida Must Recognize Delaware Same-Sex Marriage in Probate Case

A south Florida judge ruled in a probate case that the state of Florida must honor the marriage of a Pennsylvania man whose husband died in Florida. The ruling enables Jason Simpson to be the personal representative for the estate of his husband, Frank Bangor, who passed away earlier this year. Simpson and Bangor were […]