Larry | August 28, 2009
A Florida revocable trust is an estate plan document where one person, the trustee, holds legal title of specific assets for the benefit of another, the beneficiary, and where the settlor, the person creating the trust, creates the trust for a legal purpose. A trust can only be created for presently existing interests in property [...]
Larry | August 20, 2009
A deficiency in the mortgage foreclosure setting is the difference between the value of a lien on real estate (the amount due to fully satisfy a debt) and the price obtained by the Bank after foreclosing on the property (or the fair market value of the property). Say, for example, you buy a home for [...]
Larry | August 8, 2009
My latest summary is now posted on AboutFloridaProbate.com and on JDSupra. The summary is called the Florida Probate Process and offers an outline of the steps and documents filed in a Florida Probate. It is comprehensive and addresses some of the most commonly asked probate questions posed by my clients. If you would like more [...]
Larry | August 6, 2009
If an individual, the “decedent,” dies intestate (without a Florida will), Section 732.102 and 732.103 of the Florida Probate Code provide for the distribution of assets, first and foremost, to the surviving spouse and lineal descendants (children, grandchildren, great-grandchildren, etc.). So, say an individual dies in Florida with $100,000.00 in his personal checking account and [...]
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