As a result of the surge of COVID-19 cases throughout Florida recently, many Floridians who had not considered getting a last will and testament prepared or not previously contemplated their mortality are now seeking to get their legal affairs organized quickly. While most people only have mild symptoms of COVID-19, it does not hurt to be prepared by having your estate plan in order. I’ve always felt strongly that everyone should have at least a basic estate plan, regardless of the COVID-19 outbreak, so a person’s wishes will be honored in the event of death, incapacity or a health crisis. Having an estate plan implemented is meant to ease concerns by knowing who will be in charge and what will happen if something unexpected happens to you or your loved ones.
https://www.lakelandlaw.com/wp-content/uploads/2015/10/estate-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2020-05-14 08:00:042020-05-13 18:05:37Preparing your Estate Plan During a Pandemic
On December 20, 2019, the President signed into law the “Setting Every Community Up for
Retirement Enhancement” Act (the SECURE Act). The Secure Act modified many requirements
for employer-provided retirement plans, individual retirement accounts (IRAs), and other tax-favored savings accounts.
https://www.lakelandlaw.com/wp-content/uploads/2015/10/estate-category-icons-02.jpg350350CCLM Lawhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngCCLM Law2020-01-09 19:00:002020-01-08 15:20:28Secure Act and Its Impact on Retirement Plans
When a person dies their assets generally transfer to a new owner in one of four ways as follows: Joint Owner with Survivorship Rights; Payable-On-Death/Transfer-On-Death/Beneficiary Designation (“Beneficiary Designation”); via Probate; or via a transfer to a Trust.
https://www.lakelandlaw.com/wp-content/uploads/2015/10/estate-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2019-12-12 07:00:542019-12-10 09:44:21How Assets Transfer When a Person Dies
Effective, January 1, 2020, adult Florida residents will legally be allowed to execute an electronic last will and testament (a “Will”) to dispose of their property when they die.
https://www.lakelandlaw.com/wp-content/uploads/2015/10/estate-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2019-08-22 07:00:152019-08-15 09:47:42Electronic Wills in Florida are Coming, But are They a Good Idea?
Probate is the legal process through which a deceased person’s debts are paid and assets are distributed to their heirs or designated beneficiaries via a court process.
The term “Undue Influence” is a legal cause of action that can be brought in court when it is believed that a deceased person’s Last Will and Testament (trust, deed, beneficiary designation, etc.) was the product of another person’s over-persuasion, duress, force, coercion… to such a degree that the person who signed the document did not use their own free will power in executing the document.
https://www.lakelandlaw.com/wp-content/uploads/2015/10/estate-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2018-09-06 07:00:242018-09-05 16:45:23Overview of Undue Influence Will Contests
My wife and I had our first child in November of last year (Nina). Our first order of business, like many others, was to purchase more life insurance coverage.
https://www.lakelandlaw.com/wp-content/uploads/2015/10/estate-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2018-02-08 07:00:002018-02-07 09:32:59Is Your Minor Child Protected if Something Happens to You?
When a person owes you money and dies, all is not necessary lost and the funds can still be recovered at times from the deceased person’s probate estate if proper procedure is timely followed by you as the creditor.
https://www.lakelandlaw.com/wp-content/uploads/2015/10/estate-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2017-12-14 07:00:162017-12-13 08:57:13What If A Deceased Person Owes You Money?
https://www.lakelandlaw.com/wp-content/uploads/2015/10/estate-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2017-10-19 07:00:282017-10-17 09:35:44Loved one is now deceased, what should we do?
https://www.lakelandlaw.com/wp-content/uploads/2015/10/estate-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2017-08-24 16:13:192017-08-22 16:23:09Second Marriages and Your Estate Plan
Q: The Personal Representative (Florida’s term for an Executor) of my father’s estate is selling my father’s home to a family member. What is the process for this transaction, and should the probate attorney or a title company handle the closing?
https://www.lakelandlaw.com/wp-content/uploads/2015/10/estate-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2015-10-20 16:27:292015-10-20 16:34:03Attorney or Title Company to Handle a Closing
Preparing your Estate Plan During a Pandemic
/in Estate Planning /by Kevin AlbaumAs a result of the surge of COVID-19 cases throughout Florida recently, many Floridians who had not considered getting a last will and testament prepared or not previously contemplated their mortality are now seeking to get their legal affairs organized quickly. While most people only have mild symptoms of COVID-19, it does not hurt to be prepared by having your estate plan in order. I’ve always felt strongly that everyone should have at least a basic estate plan, regardless of the COVID-19 outbreak, so a person’s wishes will be honored in the event of death, incapacity or a health crisis. Having an estate plan implemented is meant to ease concerns by knowing who will be in charge and what will happen if something unexpected happens to you or your loved ones.
Secure Act and Its Impact on Retirement Plans
/in Estate Planning /by CCLM LawOn December 20, 2019, the President signed into law the “Setting Every Community Up for
Retirement Enhancement” Act (the SECURE Act). The Secure Act modified many requirements
for employer-provided retirement plans, individual retirement accounts (IRAs), and other tax-favored savings accounts.
How Assets Transfer When a Person Dies
/in Estate Planning /by Kevin AlbaumWhen a person dies their assets generally transfer to a new owner in one of four ways as follows: Joint Owner with Survivorship Rights; Payable-On-Death/Transfer-On-Death/Beneficiary Designation (“Beneficiary Designation”); via Probate; or via a transfer to a Trust.
Electronic Wills in Florida are Coming, But are They a Good Idea?
/in Estate Planning /by Kevin AlbaumEffective, January 1, 2020, adult Florida residents will legally be allowed to execute an electronic last will and testament (a “Will”) to dispose of their property when they die.
What is Probate?
/in Blog, Estate Planning /by Kevin AlbaumProbate is the legal process through which a deceased person’s debts are paid and assets are distributed to their heirs or designated beneficiaries via a court process.
Overview of Undue Influence Will Contests
/in Blog, Estate Planning /by Kevin AlbaumThe term “Undue Influence” is a legal cause of action that can be brought in court when it is believed that a deceased person’s Last Will and Testament (trust, deed, beneficiary designation, etc.) was the product of another person’s over-persuasion, duress, force, coercion… to such a degree that the person who signed the document did not use their own free will power in executing the document.
Is Your Minor Child Protected if Something Happens to You?
/in Blog, Estate Planning /by Kevin AlbaumMy wife and I had our first child in November of last year (Nina). Our first order of business, like many others, was to purchase more life insurance coverage.
What If A Deceased Person Owes You Money?
/in Blog, Estate Planning /by Kevin AlbaumWhen a person owes you money and dies, all is not necessary lost and the funds can still be recovered at times from the deceased person’s probate estate if proper procedure is timely followed by you as the creditor.
Loved one is now deceased, what should we do?
/in Blog, Estate Planning /by Kevin AlbaumAs an estate planning and probate attorney, I often encounter the following question… What happens to my remains when I die?
Second Marriages and Your Estate Plan
/in Blog, Estate Planning /by Kevin AlbaumQ. What if I don’t have a Will?
Pets and Estate Planning
/in Animal Law, Blog, Estate Planning /by CCLM LawWhen we think about estate planning, we generally focus on our family and friends, but what about our pets that may outlive us?
Attorney or Title Company to Handle a Closing
/in Blog, Estate Planning /by Kevin AlbaumQ: The Personal Representative (Florida’s term for an Executor) of my father’s estate is selling my father’s home to a family member. What is the process for this transaction, and should the probate attorney or a title company handle the closing?