Our Estate Planning and Probate attorneys working with Bloomingdale strongly believe that your assets should be protected against financial institutions, predators, separation, and even the poor decisions of your beneficiaries themselves. We believe that you, not the government, should figure out how your possessions are dispersed when you pass on. Your estate should not be gutted by burdensome death taxes, and your life savings should not be depleted so as to acquire long-term healthcare. Our estate planning attorneys can help you safeguard your legacy and your loved ones.
We provide Administration, Litigation and Estate Planning services to Bloomingdale Residence.
Administration in Bloomingdale
The administration of an estate after a member of the family or someone dear to you passes on might be immensely nerve-racking. At a time when you are more concentrated on grieving, you may quickly find that getting the affairs of a loved one in order are much more involved than just memorial service planning. You may be confronted with legal terms and requests for information that are unfamiliar to you, adding a piece of confusion to your distress. An experienced administration attorney at Battaglia, Ross, Dicus and McQuaid, P.A., is here to help dissect and explain the process to ensure you can smoothly fulfill your obligations and disperse possessions of the deceased in line with the laws of the state of Florida.
Executor of a Will
The executor of a will is the individual you name to perform your wishes after you pass on. When you pass away with a legally-valid will, a judge will accredit the executor you’ve named in it to act on it. This could include paying outstanding debts with the money left from your estate, distributing your money and property to your beneficiaries, and more.
It’s crucial to choose a reliable, organized individual you trust to be your executor. They’ll have an important role in ensuring everything goes smoothly with your estate after your death.
When a loved one passes away, their assets and liabilities don’t pass with them. These assets and liabilities will need to be dispersed according to the laws of the state of Florida, under a process called probate administration. Put simply, probate is a procedure wherein a court supervises the distribution of a deceased person’s assets and the paying of their debts. However, this procedure may be quite convoluted. It can even be challenging to know if it is necessary, but the experienced Estate Planning and Probate attorneys serving Bloomingdale are here to help.
Trust administration in Florida refers to the duties and procedures by which a successor trustee a living trust performs the terms of the trust document. A successor trustee of a living trust has a wide range of capabilities and obligations which become effective consequent to our death or incapacity of the trustmaker or grantor. The trustee has a legal responsibility to the trust beneficiaries that include proper administration of trust assets. The trustee can be liable for damages brought on by improper managing of trust assets or improper trust administration.
Litigation in Bloomingdale
If you suspect your rights have been violated as a beneficiary in a Will or Trust in Florida, then you should contact an Estate, Trust & Trustee Litigation attorney asap. Doing this will provide you with the legal know-how to file a petition that could protect your family’s assets, rights and future.
Alternatively, if you are facing allegations and claims as a Trustee, it is crucial that you speak to a lawyer to help prove that your decisions were justified.
If you’re a beneficiary of a Florida estate or trust and think your rights have been violated, then you should get in touch with a Beneficiary Rights attorney as soon as possible.
Elder Abuse in Bloomingdale
If you have a hunch or recognize that somebody in your life has been the injured party of Elder Abuse, then you should get in touch with an Elder Abuse attorney to protect them and their finances as soon as possible.
Trust Accounting Disputes in Bloomingdale
If a Trustee has neglected to supply you with accounting information or you suspect mismanagement, then you should speak to a Trust Accounting Disputes attorney as soon as possible.
If you suspect a trust has been poorly created or managed, you will need a Trust contest attorney to prove its invalidity. Doing this will allow you to file a lawsuit and fight for your inheritance.
Bloomingdale Trustee Defense
If you’re a Trustee facing allegations of mishandling, fraud, breaches of fiduciary obligation, self-dealing or some other mismanagement, then you may wish to speak with a Trustee Defense attorney.
If a Trustee has violated their fiduciary duties or performed irresponsibly, then a Trustee removal attorney can file an action to remove the Trustee to safeguard your rights as a beneficiary.
If you believe your inheritance rights have been mismanaged, you will require the professional assistance of a Florida Will contest attorney. Doing so will allow you to file a petition that might change the way the estate is distributed.
Bloomingdale Estate Planning
If estate planning is something you would rather not think about, try imagining the laws of the state of Florida dictating what happens to your property, who administers your estate, even who becomes the legal guardian of your children. An entity with no direct relationship to your family or everything you’ve worked for could become the ultimate decision maker without the proper execution of a Last Will and Testament. This very real likelihood can manifest in ways you would never have intended, leaving your final wishes unsatisfied and your family members possibly uncared for. Effective estate planning provides you the chance to prepare for these contingencies as well as the opportunity to cement your legacy. Our Bloomingdale Estate Planning & Probate Attorneys cover every element of Estate Planning, including but not confined to:
An Advance Directive is an oral or written statement. This statement will explain how you want your medical decisions to be made when you become incapable of arriving at these verdicts yourself.
Asset Protection Planning is an clean and legal process that involves reviewing your financial holdings and restructuring them so that you can get legal exemptions.
Business Succession Planning
Business succession planning is a strategy for passing on leadership roles to an team member or group of team members.
Charitable Lead Trust
A charitable lead trust is an irrevocable trust tailored to ensure financial support to one or more charitable organizations for a time frame, with the remaining assets eventually going to family members or other beneficiaries.
Charitable Remainder Trust
A charitable remainder trust is a tax-exempt irrevocable trust created to reduce the taxable earnings of individuals by first dispersing income to the beneficiaries of the trust for a specified time frame and then awarding the remainder of the trust to the designated charity.
You might have heard that “dynasty trust” is a term used for denoting trusts that last for more than a generation. In reality, this term is used for denoting trusts that are developed to stay for generations.
A generation-skipping trust is a variety of trust that specifies someone who is at least 37 1/2 years younger than the settlor as the beneficiary of the trust.
Grantor Retained Annuity Trust
A grantor retained annuity trust (GRAT) is a monetary instrument used in estate planning to minimize taxes on large financial gifts to family members.
Health Care Directives
Health care directives are written or oral guidelines that give instructions regarding the potential medical care that a individual ought to get when he/she is not in a position to make a decision.
Intentionally Defective Grantor Trust
An intentionally defective grantor (IDGT) permits a trustor to disconnect specific trust assets so as to segregate income tax from estate tax treatment on them.
An Irrevocable Trust is an agreement between a settlor, trustee and designated named beneficiaries that can not be changed or repealed except if there is a mutual agreement between all impacted parties.
Last Will and Testament
A last will and testament is a legal document detailing your wishes regarding assets and dependents after your death.
A living trust is a legal documentation, or trust, produced during an individual’s lifetime where a designated individual, the trustee, is given responsibility for managing that individual’s assets for the benefit of the eventual beneficiary.
An LLC can help you transfer assets down to your beneficiaries while keeping away from taxes. Our Estate Planning & Probate Attorneys can help you with LLC Formation.
A pet trust is a legally sanctioned agreement providing for the care and maintenance of one or more companion animals in the event of a grantor’s impairment or demise.
Power of Attorney
A power of attorney could be a useful resource that permits you to be involved in monetary transactions. This tool is crucial when you can not be present to sign legal documents.
Qualified Personal Residence Trust
A Qualified Personal Residence Trust or QPRT is a special kind of irreversible trust that has been manufactured to remove the value of your prime residence or a secondary property from your taxable estate.
Transfer Tax Planning
Transfer tax planning involves using various tax-favored strategies to transfer wealth to your intended beneficiaries during your lifetime and at death.
Our Estate Planning & Probate Attorneys Serve Bloomingdale Residents
In order to guarantee that your rights and the wishes of your loved ones are fully upheld, it is important to have the representation of a skilled attorney. Our Estate Planning & Probate attorneys know just how much these difficulties matter for you and your family, and we have the legal experience you need to prepare and protect your legacy.
Call us today at (727) 381-2300 or schedule a consultation online and chat with one of our top rated Estate Planning & Probate Attorneys.