Medicaid is a health care program for low-income individuals that applies to children, pregnant women, disabled individuals, and elderly individuals. Funded by the federal and state governments, the program is fundamental for low-income families. How…
Living in Florida is a lifetime dream for many individuals, and it is not hard to find out why. The state offers warm weather year-round, lush natural landscapes, and solid low tax policies for those…
As of 2022, only six states nationwide impose an inheritance tax, which are Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania. Fortunately, Florida is not part of the list, which means beneficiaries and heirs of…
A trust is a legal arrangement in which the trust maker (also referred to as the “trustor” or “settlor”) transfers the nominal ownership of assets to a trustee (fiduciary) for the benefit of selected individuals…
When a property owner dies in Florida, the title of the property determines whether it must go through probate. What if a person does not live in a standard home? Does a mobile home go…
The state of Florida is a popular destination for retirees, snowbirds, and other groups who like to enjoy year-round warm weather. If someone who resides out of the state dies owning property in Florida, the…
Dealing with the death of a loved one is not an easy task, especially when you are in charge of handling the decedent’s funeral and burial arrangements. Besides the time and effort involved, arranging an…
If a deceased’s estate is subject to formal probate administration in Florida, the court must appoint a personal administration (or executor) to administer and distribute the decedent’s estate following the instructions in the will. Are…
When a Florida resident dies, the person in control of the decedent’s will must deposit the document with an appropriate court. Upon receipt of the last will, the court will determine the document’s validity and…
Probate is a court-supervised process to determine the validity of a decedent’s will and distribute his or her estate according to the document’s provisions. One of the most important elements in this process is the…
One of the great concerns for a deceased person’s family is how to withdraw the funds to pay funeral costs and administration expenses. Is it possible to use a power of attorney to withdraw money…
Many Florida residents use this type of arrangement to facilitate deposits and withdrawals, allowing two or more persons to use a single bank account at the same time. What happens to joint bank accounts when…
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