Tag: Florida Estate Planning
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Understanding Estate Planning: Securing Your Legacy and Future
Estate planning is the process of making arrangements during one’s lifetime for the management and distribution of their assets and affairs after they pass away or become incapacitated. It involves creating legal documents and strategies to ensure that a person’s wishes regarding their property, finances, and healthcare decisions are carried out according to their preferences.…
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Unlocking Probate: Navigating the Probate Process
Probate in Florida is the legal process through which a deceased person’s assets are distributed, debts are settled, and legal title to property is transferred to heirs or beneficiaries. Here’s how probate typically works in Florida: Filing the Petition The probate process begins by filing a petition with the circuit court in the county where…
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Deciphering Probate in Florida: A Brief Overview
Probate serves as a court-monitored procedure aimed at identifying the assets of a deceased individual, settling their debts, and distributing remaining assets to beneficiaries. In Florida, the Probate Code outlines the legal framework for this process, while the Florida Probate Rules govern the proceedings. There are two primary types of probate administration: formal and summary.…
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Understanding the Power of a Healthcare Surrogate
An advance medical directive, sometimes called health care proxy or surrogate or a medical durable power of attorney, allows the principal to grant an individual the right to make health care decisions and to have access to medical records. It allows the principal to indicate whom they want to serve in the event that they…
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Power of Attorney: A Brief Overview for Quick Understanding
A power of attorney is a legal document that delegates authority from one person to another. The person executing the power of attorney is commonly referred to as the principal. This document allows the principal to name an attorney-in-fact or an agent. It’s important not to confuse the attorney-in-fact with the principal’s attorney-at-law. The attorney-at-law…
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Empowering Decisions: A Complete Guide to Power of Attorneys
A power of attorney is a legal document delegating authority from one person to another. The principal is commonly referred to as the individual executing a power of attorney. The power of attorney is a document wherein the principal names an attorney-in-fact or an agent. Do not confuse attorney-in-fact with the individual’s attorney-at-law. The…