Can You Name a Minor as a Beneficiary in Your Florida Estate Plan?
Minors can be named as a beneficiary in your estate plan. However, they cannot legally own or take possession of the property until they reach the age of majority. The age of majority in Florida is eighteen (18) years of age. When property is left to a minor beneficiary, for example through joint ownership of […]
Selecting the right Attorney when you are the Designated Personal Representative
If you are accepting the responsibility of acting as a Personal Representative, you will want to seek the assistance of an experienced and knowledgeable probate and estate attorney. Often, you may obtain referrals from family, co-workers, acquaintances, or other professionals. You also can perform a web search for probate attorneys in your area Choosing the […]
When is a Florida Summary Administration Appropriate?
Summary Administration is a form of Florida probate that does not require the appointment of a Florida Personal Representative. A Florida Summary Administration typically takes less time, and expense than a Formal Administration. Pursuant to Florida Statute 735.201, for an estate to qualify for Summary Administration in Florida, it must meet the following qualifications: (1) That the value of […]
What Is a Marital Settlement Agreement?
A Marital Settlement Agreement is a legal document wherein you include all your assets and debts; all children’s issues; child support; time sharing; parental responsibility; all real property; all businesses; and all personal property of the parties. This contract settles the case. The document tells what each parties rights and obligations are under the agreement. […]
Breaking News Regarding Prenuptial Agreements
Hahamovitch v. Hahamovitch, 40 Fla. L. Weekly S477 (Sept. 10, 2015) Issue: Where a prenuptial agreement provides that neither spouse will ever claim any interest in the other spouses property, and states that each spouse shall be the sole owner of property purchased or acquired in his or her name, and contains language purporting to […]