Many people put a lot of effort into accumulating assets throughout their lives, but fail to plan who might get those assets once they are gone. A common question fielded by many estate planning experts is what happens if one dies without a will. This question may be less of an inquiry as it is an attempt to secure justification for avoiding estate planning. Yet the choice of who gets what from one's estate is taken from them (and their presumed heirs) if they fail to leave a will.
What is a Ladybird Deed?
A "Ladybird Deed," also known as an enhanced life estate deed, is a way to transfer property to someone else outside of probate while retaining a life estate in the property.
Recognize the signs of undue influence
Undue influence refers to the use of a person's position of power to persuade or pressure a person to do something he or she would otherwise not have done had the influence not occurred. Typically, the action the influencer convinces the other person to take goes against the victim's best interests and benefits the influencer in some way. When undue influence occurs in relation to a will in Florida, it is typically to take money or property that should go to another beneficiary.
IF IT IS A CASH TRANSACTION, IS IT TRUE THAT A CURRENT SURVEY IS NOT REQUIRED?
What effects do major life events have on wills in Florida?
Events such as the birth or adoption of a child, marriage or divorce have major impacts on a person's life. They can also majorly change one's estate planning goals and needs.
