Trust Administration

Avoid probate by putting your Florida homestead in trust! Right?

July 24, 2017 by

We receive frequent requests to prepare a deed to transfer ownership of one’s Florida homestead to their revocable living trust. The reason for the request is always to avoid having one’s homestead involved in probate.

Before you make the ...

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What Should the Surviving Spouse Do to Avoid Personally Paying Penalties and Interest to the IRS?

March 17, 2017 by

The headline above could have easily read “A surviving spouse is personally liable for payment to the unpaid creditors of her late spouse’s estate.” Here, the unpaid creditor is the IRS.

Federal and Florida laws include priority rules that ...

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Trust Administration Costs

September 29, 2014 by

Trust administration is the process where the successor trustee pays a deceased person's taxes and debts and then transfers the remaining trust assets to the beneficiaries according to the instructions provided in the trust document. Unlike probate, there is ...

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Zsa Zsa Gabor’s Guardianship Battle Could Have Been Avoided With A Living Trust or a Financial Power of Attorney

September 9, 2013 by

A properly funded living trust or a financial power of attorney may be used to avoid guardianship. For healthcare decisions, you should have an advanced directive (also called a living will) and a healthcare power of attorney. A living ...

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