Recent Blog Posts
Does A Revocable Trust Have To Pay Federal Income Tax?
Revocable trusts are the simplest form of trusts used in estate planning. A trust is a legal arrangement whereby a grantor transfers certain assets to a trustee, who then holds those assets for the benefit of certain beneficiaries. In the typical revocable trust, these are all the same person. That is to say, if… Read More »
How Long Does The Probate Process Take In Florida?
Probate is known to be time-consuming, but how long does the process actually take? Is the length of the probate process measured in weeks, months, or years? It is advisable to consult with a St. Petersburg probate litigation lawyer to review your situation and determine how long the probate process will take in your… Read More »
What Are The Different Types Of Charitable Trusts In Florida?
An increasing number of Floridians opt for Charitable Trusts as part of their estate plans. A Charitable Trust can help you accomplish many goals. One of the benefits of creating a Charitable Trust is that it helps save on federal income taxes and reduces estate taxes. Many people choose to set up Charitable Trusts… Read More »
Who Can Witness A Last Will And Testament In Florida?
As you may know, a Last Will and Testament must be signed in front of two witnesses. If no one witnessed the Will or there was only one witness, the document is not valid. Our estate planning attorneys at Legacy Protection Lawyers, LLP, are often asked, “Who can witness the signing of the Will… Read More »
4 Steps To Take When Administering The Probate Estate In Florida
Probate estate administration is the process of distributing a decedent’s estate after their death. Administration of the probate estate is a complicated process, which is why Florida law usually requires the personal representative to hire a lawyer to help them follow all the rules and procedural requirements. There are a number of steps to… Read More »
What Is A Petition For Discharge In Probate?
Filing a Petition for Discharge is one of the last obligations of an estate’s personal representative in Florida probate. The petition is also one of the last documents beneficiaries of an estate will receive before the estate is closed. A Petition for Discharge informs the probate court and the beneficiaries of the assets subject… Read More »
Should You Sign A Waiver Of Accounting In A Florida Probate?
After the personal representative of an estate has fully administered the estate, they will file a petition for discharge, which ends the probate administration process. However, prior to the end of the administration process, the beneficiaries of the estate may be asked to sign a Waiver of Accounting. If you have been asked to… Read More »
What Is A Separate Writing When Creating A Will In Florida?
Often, estate planning lawyers tell clients to use a separate writing when creating a Last Will and Testament. The separate writing is used to list the Testator’s tangible personal property and identify the beneficiaries who will receive the items after the Testator’s passing. Speak with our St. Petersburg estate planning lawyers at Legacy Protection… Read More »
What Is A Notice Of Trust In Florida Probate?
If you are a Trustee dealing with the probate process after the Trustor’s death, you have probably heard the term “a notice of Trust.” You need to understand what a notice of Trust is and how to file the notice properly during the probate process in Florida. A notice of Trust is a critical… Read More »
Dynasty Trust: What Is It And What Are The Benefits?
A Dynasty Trust is a way to pass your wealth from generation to generation while protecting your hard-earned assets from creditors and other parties. People who set up a Dynasty Trust can pass assets hundreds of years into the future to ensure that their grandchildren and great-grandchildren become the beneficiaries long after the Trustor… Read More »