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What Happens when A Person Dies without A Will?

Perhaps the best way to explain the importance of developing an estate plan is to discuss what happens when a person passes away without one. When examining a will and other estate planning documents, Florida probate courts refer to the deceased person as the “testator.”

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The Basics of Creating an Estate Plan

People in Florida who are creating an estate plan may start with a last will and testament, which can appoint guardians for children and an executor to manage the estate. The will might also name the beneficiaries who should receive certain assets.

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Why an Estate Plan Is Important

When people in Florida die without an estate plan in place, the state determines what happens to their assets. These assets may end up going to family members who were not intended to have them while others get nothing.

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Estate Planning Is More Vital than Many Know

Many people in Florida hesitate to begin the process of estate planning for various reasons. Common excuses include the fact that they think that estate planning is only for the wealthy or that it is too hard.

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Selling Estate Property Can Take Some Time

When a loved one passes in Florida, the beneficiaries often want to start the process of selling off part of the estate. However, this cannot always happen in short order according to desired timeframe.

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Can I Revoke a Power of Attorney?

Assigning power of attorney duties in an estate plan is a wise decision to ensure someone you trust has authority to make financial decisions on your behalf.

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More Common Mistakes Involving Estate Planning

It is important to plan for the ideal future, but to also have contingencies in place if (and when) the story deviates from the desired narrative.

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How to Avoid Probate Proceedings in Florida

Probate can be an expensive and time-consuming process in Florida by dictating when, where and how to distribute a person’s assets after their death. Surviving family members and other interested parties can trigger a probate process over the distribution of the deceased person’s estate.

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Selecting the Right Guardian for Older Adults

As older adults’ lives wind down, their physical and mental abilities decline. Cooking, cleaning and other daily tasks often become a burden, which leaves those responsibilities in the hands of their children or other caretakers.

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Disclosure Obligations when Selling Property in Florida

The laws regarding property transactions vary from state to state. While some states leave it up to the buyer to do their due diligence, either on their own or with help from inspectors and other professionals, Florida sellers must disclose any known defects.

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