What Does it Mean to Fund a Trust?

What Does it Mean to Fund a Trust?

Funding a trust means to transfer or retitle the assets into the name of the trust. This is probably the most important part of the process. I don’t care who drafts your trust document, it’s not worth the paper it’s printed on if the assets...
What do Testate and Intestate Mean?

What do Testate and Intestate Mean?

Testate means passing with a Will. Intestate means passing without a Will. So, if a person passes testate, the Will will determine where the money and property goes and who the personal representative will be. If you pass intestate, without a Will, the court will...
What Does a Proper Estate Plan Include?

What Does a Proper Estate Plan Include?

There are multiple documents that should be in a proper estate plan. Depending upon the size of your estate or the nature of your assets, you may do a will or a trust. But with those, you’re going to want to do a power or attorney, a healthcare surrogate, a...
What Does Medicaid Recovery Mean?

What Does Medicaid Recovery Mean?

Here in the state of Florida, when somebody’s on Medicaid, the state has a lifetime lien on that person, when they die. So, any monies that Medicaid would have spent during the course of their lifetime, Medicaid now has a lien on their estate. The Medicaid...
What Happens if we Cannot Find a Will?

What Happens if we Cannot Find a Will?

When you’re filing a probate action, the court wants the original. If you can’t find the original, but you have a signed copy, we can petition the court to be able to use that copy. If you don’t have a copy and you can’t find a copy, but you...
What if Someone Dies and the Will is in my Possession?

What if Someone Dies and the Will is in my Possession?

Here in the State of Florida, if somebody dies and you’re holding onto the original will, as soon as you find out about that, Florida statutes say within 10 days you need to deposit that will with the clerk of court. Do you have more questions? Don’t wait...