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Category Archives: Wills

WillDocument

Basic Legal Requirements of a Florida Last Will and Testament

By Larry E. Bray, P.A. |

If someone dies without a will in Florida, it’s considered to be “intestate,” and the state laws will determine how the estate will be distributed. The potential beneficiaries will have no legal standing to dispute the court’s distribution of the estate pursuant to the applicable intestate laws. Creating a Last Will and Testament is… Read More »

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EstPlan9

3 Myths about Small Asset Estates

By Larry E. Bray, P.A. |

In Florida, small asset estates are estates that are worth $75,000 or less. These estates are also eligible for summary administration, which provides a speedy process for disposing of estates without the long wait brought on by traditional probate requirements. The common misconception is that the smaller the estate, the simpler the probate process…. Read More »

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Planning

The Role of a Personal Representative

By Larry E. Bray, P.A. |

A personal representative (also known as an executor or an administrator), in the simplest form, is someone named in a will that is directed to carry out the testator’s formal wishes. The personal representative is normally a person, but sometimes can be a bank or trust company. If the testator does not have a… Read More »

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EstPlan2

Common Disputes in Trust Administration

By Larry E. Bray, P.A. |

A trust is a legal document that forms a division of property rights. A trustee manages the assets in the trust according to the wishes of the creator of the trust, who is also known as the grantor. The beneficiaries of a trust benefit from the assets or property in accordance with the directions… Read More »

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Will5

What Determines a Valid Will?

By Larry E. Bray, P.A. |

Individuals who do not want to become deceased “intestate” (the property of persons who die intestate may go through state administered probate proceedings) must leave a last will and testament. Every state has requirements that dictate when a will is properly executed. These requirements are usually very strict. Failing to meet one or more… Read More »

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EstPlan6

The Function of Trusts in Your Estate Planning

By Larry E. Bray, P.A. |

When it comes to estate planning, asset protection is a chief concern among individuals. They want to ensure that they secured to facilitate an accurate and efficient distribution upon death. Additionally, individuals engaged in financial and estate planning seek to find ways to pool their assets into one reserve. This provides for efficient passage… Read More »

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FathSon

Florida Probate Beneficiaries’ Rights

By Larry E. Bray, P.A. |

When your spouse, parent, sibling, or child passes away, you are most likely a beneficiary of their estate. You may be named in their will, or if they passed away without a will, then you may inherit under Florida’s intestate laws. As a beneficiary during probate, you have certain rights, including: Notice of Probate:… Read More »

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GrayDiv

Florida Law Protects Disinherited Spouses

By Larry E. Bray, P.A. |

Through your will, you may try to explicitly disinherit your spouse. This is something you may choose to do if your marriage has broken down, yet you and your spouse have chosen to remain legally married for a variety of reasons. It is also something you can attempt to do while you and your… Read More »

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EstPlan4

How to Disinherit Your Adult Child

By Larry E. Bray, P.A. |

It is a difficult decision to come to, yet it may be right to disinherit a loved one, leaving them no money or property in your will. Disinheriting someone is an extreme measure, but it may be necessary if your child or grandchild abuses drugs and may use the resources to continue their addiction…. Read More »

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EstatePlanning2

Minimizing the Risk of an Inheritance Dispute

By Larry E. Bray, P.A. |

As you plan for how your assets will be handled after you pass away, you need to consider your family. Part of the purpose and benefit of having an estate plan is that you protect your spouse, children, and other beneficiaries. You are trying to save them time and energy by having a plan… Read More »

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