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Category Archives: Estate Planning (Wills, Trusts, Deeds, Business Succession)

EstPlan16

Class Gifts in Your Estate Plan: A Good or Bad Idea?

By Larry E. Bray, P.A. |

Let’s say that you have an estate plan, and you want to leave your property to your beneficiaries. When you make your will or trust, you would identify your beneficiaries—that is, who is getting what from your estate. But naming people isn’t the obvious task that it seems to be—and making a mistake can… Read More »

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UndueInf

Avoiding Undue Influence Challenges in Probate Court

By Larry E. Bray, P.A. |

The thought of your friend, relatives or loved ones all fighting over what you may have left them when you are gone is, to say the least, distasteful. One of the overriding goals in estate planning is to create an estate plan that is clear, and which avoids challenges later on—challenges that can be… Read More »

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ArtonWall

Valuable Artwork in Probate

By Larry E. Bray, P.A. |

If you have an estate that is going to be probated, most of the assets in that estate have got to be valued. That’s for a number of reasons—taxation, or so that the court knows assets are being handled correctly, or so beneficiaries know what they stand to gain if property needs to be… Read More »

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House1

How to Use a Right of Occupancy Trust

By Larry E. Bray, P.A. |

If you have real estate, and you are creating an estate plan, you always have the option of leaving the property to whomever you may choose to leave it to. But what if you don’t want someone to actually own the property, or reap the financial benefits of owning it—you just want to provide… Read More »

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SafetyDepBox

Safety Deposit Boxes and Your Estate Plan

By Larry E. Bray, P.A. |

In today’s age, much of what we own is on the cloud, or online, or in some kind of digital form. Because of that, it can be easy to forget that some people still have and use safety deposit boxes. In many cases, when estate plans are made, the safety deposit boxes get left… Read More »

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Will9

Don’t Put These Things in Your Will

By Larry E. Bray, P.A. |

When we think of things that should be in a will, we of course think of what should be included. But there are actually some things that it is best to leave out of a will. Sometimes, having too much information can cause as many problems as having too little can cause. Most of… Read More »

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TrustDocuments

Blind Trusts Have a Limited, But Beneficial Use

By Larry E. Bray, P.A. |

In the course of planning an estate, or perhaps in a probate case, you may have heard of the many types of trusts that there are. But one type of trust that you may not have heard of, is the blind trust. It made some news during the 2016 election cycle, because of Donald… Read More »

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EstPlan12

When an Estate Plan Conflicts with an LLC’s Operating Agreement, Which Wins?

By Larry E. Bray, P.A. |

If you have a business, and particularly an LLC, that LLC is probably governed by what is known as an operating agreement. The operating agreement is the guidebook for your LLC—it details everything about the rules, operation and management of your LLC. It also usually states, how the LLC will pass on, should you… Read More »

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Probate8

Personal Injury Cases as Probate Assets: How Do They Work?

By Larry E. Bray, P.A. |

Of all the assets and property that you may think of when thinking of property that is part of someone’s estate, there is one asset that often is overlooked—personal injury claims. Often, people pass away after they are injured, or even while a personal injury claim is pending in court. A Big Dilemma The… Read More »

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EstPlanning

Elective Shares and Surviving Spouses in the Probate Process

By Larry E. Bray, P.A. |

When you make or create a will or estate plan, you assume it is solid, and that your wishes, as expressed in that plan, will be carried out to the letter. And that is mostly true…except for one area where your will or estate plan can be overridden: the elective share. What is an… Read More »

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