Category Archives: Estate Administration
What to Know About Florida’s Inheritance Laws
Martin and Palm Beach County Estate Planning and Estate Litigation Attorneys The purpose of our state’s inheritance law is to maintain the legal rights of Floridians regarding the distribution of assets and monies after a loved one has passed. The State of Florida levies neither estate nor inheritance taxes of its own. Inheritance law… Read More »
What Is a Successor Trustee in Estate Planning?
What is a Successor Trustee? How to ensure that your estate is managed properly and according to your specific wishes Establishing a trust is one of the most common types of estate planning and is an important step in securing your assets. There are many different types of trusts that can be utilized based… Read More »
Things to Consider When Naming a Trustee
Things to Consider When Naming a Trustee How to protect your best interests and trust the right person to carry out your wishes Estate planning is one of the most important ways that you can plan for the future and ensure that your assets are protected and utilized according to your specific wishes. In… Read More »
Asset Planning and Estate Planning: What’s the Difference?
A common mistake people make when discussing asset and estate planning is thinking that comprehensive planning only pertains to high net worth individuals. This is simply not the case. Regardless of whether you are an individual with modest income and a monthly rental, or an executive with an impressive stock portfolio, the bottom line… Read More »
Be Careful Not to Spend Your Inheritance All at Once
After completing the probate process for a deceased relative’s estate, Florida residents will finally receive their inheritance dollars. They will also have to decide whether they will spend all of it, spend part of it, save it, give some or all of it away to a needy person or give some or all of… Read More »
Who Will Inherit Bobbi Kristina Brown’s Estate?
Although she clung to life for six months through life support machines after being found unconscious in her bathtub, doctors never held much hope for Bobbi Kristina Brown’s recovery. Bobbi was Whitney Houston’s only daughter and at only 22 years of age, she passed away last Sunday. Following news of her unfortunate death, many… Read More »
Florida Probate and Estate Administration
At Kitroser Lewis & Mighdoll, we help families navigate the difficult process of probate and estate administration. Our highly individualized services approach can be divided into three important components. First, we offer our clients full service trust and probate administration. Probate and trust proceedings are not very different from each other. However, in both… Read More »
Your Estate Plan Should Include State Taxes
Where you retire and how you set up your estate can make a big financial difference for you and your heirs. Each state and location can choose to levy estate taxes, so where and how you retire can increase or decrease the amount of wealth you pass on. When discussing your estate plan with… Read More »
Handling Suddenly Inherited Wealth
According to the Bureau of Labor Statistics, about 30 percent of households in this country will inherit wealth. The question is: how many people are prepared to manage it to its best advantage? Not only is effectively utilizing money in the day-to-day important, an estate plan for protecting it into the future is critical…. Read More »