What is Florida Trust Funding?
A trust is a legal arrangement in which the trust maker (referred to as “trustor” or “settlor”) transfers the ownership of assets to a trustee (fiduciary). The trustee holds nominal ownership of the assets on…
Can a Creditor Open an Estate in Florida?
Under the Florida Probate Code, a decedent’s estate subject to probate is responsible for paying any remaining creditors’ claims after that person’s death. If none of the decedent’s loved ones file in court to open…
Is Florida a Full Disclosure State?
The Sunshine State is one of the hottest real estate markets in the country. To protect prospective buyers, Florida law requires sellers to disclose any issues that affect the value of the home materially or…
Does the State of Florida Have a Transfer on Death Deed?
It is common to find Florida residents who use the last will or a trust to convey real estate upon death. While both solutions work for different purposes, it is possible to bequeath property upon…
What is a Wife Entitled When Husband Dies in Florida?
Florida law has solid protective laws to guarantee that a decedent’s wife will receive her fair share of her husband’s estate. Whether the husband died without a will or wrote a will directing the transfer…
Do I Have to Disclose a Defect in a House if it’s Been Repaired in Florida?
Under Florida law, the seller of a residential property must disclose any known facts that materially and adversely affect the property’s value being sold to the buyer. If a material or adverse aspect of the…
Does Florida Have a Trust Decanting Statute?
A trust is an excellent solution to avoid probate and ensure a smooth inheritance process for your loved ones. Many Florida residents rely on trusts for estate planning purposes, as these legal tools offer flexible…
When Can Money be Distributed from a Florida Trust?
In a Florida trust, the trust maker (also referred to as “trustor” or “settlor”) transfers the nominal ownership of assets to a trustee (fiduciary) for the benefit of one or multiple beneficiaries. Read on to…