By R. Craig Harrison | Published August 14, 2014 | Posted in Estate Administration | Tagged Tags: Florida Trust Code, successor trustee, trust administration | Leave a comment
Can Anyone Serve as Successor Trustee for a Revocable Trust?
As the name implies, a successor trustee is a trusted individual who handles the duties connected with your revocable trust in the event you lose capacity during your lifetime, and settles all remaining issues after you die. As such, your first impulse might be to name your spouse, one of your adult children or a Read More
Read MoreTrusts: TBE or not TBE
Trusts: TBE or not TBE Florida favors married couples holding their property as tenants by the entireties (TBE). Probate is avoided as the property passes to the surviving spouse by operation of law. Further, the tenancy provides creditor protection. In essence, the TBE property belongs to neither individual spouse, but both are collectively seized in Read More
Read MoreCan My Heirs Completely Avoid Probate if My Assets are in a Trust at the Time of My Death?
Assuming every asset under your sole control is held in trust, it is possible for your heirs to avoid probate. Similarly, certain jointly owned assets are protected from probate, such as a home titled to you and your spouse with the right to survivorship. However, since most people do not have every asset protected, some Read More
Read MoreProtecting the Elderly from Financial Exploitation: The Dilemma and Solution
Protecting the Elderly from Financial Exploitation: The Dilemma and Solution According to the Alzheimer’s Association, there are approximately five (5) million Americans who have some type of dementia. Close to 50% of all people over the age of 85 have Alzheimer’s disease or another kind of dementia. Diminished capacity is more prevalent Read More
Read MoreElder Financial Abuse Is a Major Problem that Can Be Reduced through Vigilance and Planning
Concerns about physical abuse and neglect are a primary reason that many people choose in-home care for their elderly loved ones. Unfortunately, even recipients of in-home care can still experience forms of abuse — and financial abuse may be most prevalent in these situations. By setting up an effective estate plan in your younger years, Read More
Read MoreHello world!
Welcome to the official blog of . We will begin posting on this blog shortly, so please check back regularly for updates about the firm, notable cases and more.
Read MoreIs Your Neighbor Trying to Prevent You from Gaining Access to Your Own Florida Property?
In a typical suburban neighborhood, homeowners have easy access to their property through the use of public roads. However, not all Florida property works this way. In some cases, owners are essentially landlocked and need to use neighboring property to get to and from their homes or businesses. If you suddenly discover that your neighbor Read More
Read MoreTrusts to be or Not to be
87-MAY Fla. B.J. 30 Florida Bar JournalMay, 2013 Column: Real Property, Probate and Trust Law TRUSTS: TBE OR NOT TBE R. Craig Harrison Copyright © 2013 by The Florida Bar; R. Craig Harrison *** Start Section …be allocated to a tax credit shelter trust so that the disclaimed interest will not be part of the Read More
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