Managing Debt After a Loved One’s Death: What You Need to Know in Florida
November 25, 2024
Learn how a probate attorney can help you manage a loved one’s debts after their passing.
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Learn how a probate attorney can help you manage a loved one’s debts after their passing.
There are good reasons why people want their estates to avoid probate, and a lot of ways to do it.
Only 32% of Americans have a will. However, even if you believe you lack assets, going without a will is a big mistake.
Inadequate access to estate planning frequently prevents Black and Hispanic families from passing down wealth, which perpetuates the racial wealth gap.
If I knew then what I know now about probate, I’d have done more to avoid the process altogether with my mother’s estate.
Upon your passing, the way your assets are distributed and to avoid probate will be based on the type of estate plan you have.
The public is now likely to get a closer look at Simpson’s finances, and the families are likely to have a better shot at collecting—if there is anything to collect.
In 2024, the federal estate tax ranges from 18% to 40%, depending on how much the value of the estate exceeds the current exemption limit of $13.61 million.
While adding a child to your home’s deed might seem straightforward to manage your estate, it’s fraught with potential problems and complications. This article reviews the implications and alternatives to adding a child to your home’s deed, with the goal of ensuring your estate plan is effective, efficient, and aligned with your long-term intentions.
It’s perfectly normal for aging parents who are currently completing their will along with their lawyer’s guidance, to leave the family home to their children.
1601 N. Flamingo Road, Suite 1
Pembroke Pines, FL 33028
1601 N. Flamingo Road, Suite 1
Pembroke Pines, FL 33028