Our Estate Planning and Probate attorneys serving Lake Magdalene strongly believe that your assets should be protected against creditors, predators, divorce, and even the poor decisions of your beneficiaries themselves. We think that you, not the government, should decide how your possessions are distributed when you pass on. Your estate should not be disected by burdensome death duty, and your life savings should not be exhausted in order to get lasting treatment. Our estate planning attorneys can help you safeguard your legacy and your loved ones.
We provide Administration, Litigation and Estate Planning services to Lake Magdalene Families.
Administration in Lake Magdalene
The administration of an estate after a family member or someone dear to you dies can be tremendously difficult. At a time when you are more concentrated on mourning, you may quickly find that getting the affairs of a loved one in order are much more complicated than just memorial service planning. You may be confronted with legal terms and requests for information that are unfamiliar to you, adding a little confusion to your distress. An knowledgeable administration attorney at Battaglia, Ross, Dicus and McQuaid, P.A., is here to help dissect and explain the process to ensure you can smoothly fulfill your obligations and disperse possessions of the departed in line with the laws of the state of Florida.
Executor of a Will
The executor of a will is the individual you name to carry out your desires after you pass on. Whenever you die with a legally-valid will, a court will accredit the executor you’ve named in it to act on it. This could include paying outstanding debts with the money left from your estate, dispersing your money and property to your beneficiaries, and more.
It’s vital to select a reputable, organized individual you trust to be your executor. They’ll have an important role in ensuring everything goes smoothly with your estate after your death.
Probate Administration
When a loved one passes away, their assets and liabilities don’t pass with them. These assets and liabilities will need to be distributed according to the laws of the state of Florida, under a process called probate administration. Put simply, probate is a procedure in which a court supervises the distribution of a departed person’s assets and the paying of their financial debts. However, this procedure could be quite convoluted. It can even be difficult to know if it is necessary, but the experienced Estate Planning and Probate attorneys serving Lake Magdalene are here to help.
Trust Administration
Trust administration in Florida refers to the duties and procedures by which a successor trustee a living trust accomplishes the terms of the trust document. A successor trustee of a living trust has a wide range of capabilities and obligations which become effective upon our death or incapacity of the trustmaker or grantor. The trustee has a legal duty to the trust beneficiaries that include proper administration of trust assets. The trustee can be liable for damages caused by faulty managing of trust assets or inappropriate trust administration.
Litigation in Lake Magdalene
If you believe your rights have been disregarded as a beneficiary in a Will or Trust in Florida, then you should contact an Estate, Trust & Trustee Litigation attorney immediately. Doing so will provide you with the legal know-how to file a petition that could protect your family’s assets, rights and future.
Alternatively, if you are facing allegations and claims as a Trustee, it is essential that you speak to a lawyer to help prove that your decisions were justified.
Beneficiary Rights
If you’re a beneficiary of a Florida estate or trust and believe your rights have been disobeyed, then you should get in touch with a Beneficiary Rights attorney as soon as possible.
Elder Abuse in Lake Magdalene
If you suspect or know that somebody in your life has been the victim of Elder Abuse, then you should speak with an Elder Abuse attorney to protect them and their finances as soon as possible.
Trust Accounting Disputes in Lake Magdalene
If a Trustee has failed to supply you with accounting information or you presume mismanagement, then you should speak to a Trust Accounting Disputes attorney as soon as possible.
Trust Contest
If you suspect a trust has been poorly created or managed, you will need a Trust contest attorney to prove its invalidity. Doing so will allow you to file a lawsuit and fight for your legacy.
Lake Magdalene Trustee Defense
If you’re a Trustee facing incriminations of mishandling, fraudulence, breaches of fiduciary obligation, self-dealing or any other misconduct, then you may wish to speak to a Trustee Defense attorney.
Trustee Removal
If a Trustee has disobeyed their fiduciary duties or functioned irresponsibly, then a Trustee removal attorney can file an action to remove the Trustee to safeguard your rights as a beneficiary.
Will Contest
If you think your inheritance rights have been mismanaged, you will require the professional assistance of a Florida Will contest attorney. Doing so will allow you to file a petition that could possibly change the method the estate is distributed.
Lake Magdalene Estate Planning
If estate planning is something you would rather not think about, try imagining the laws of the state of Florida controling what comes about to your property, who administers your estate, even who becomes the legal guardian of your children. An entity with no direct affiliation to your family or everything you’ve worked for could become the ultimate decision maker without the proper execution of a Last Will and Testament. This very real possibility can manifest in ways you would never have imagined, leaving your final desires unfulfilled and your family members possibly uncared for. Effective estate planning provides you the chance to prepare for these contingencies as well as the opportunity to cement your legacy. Our Lake Magdalene Estate Planning & Probate Attorneys cover every aspect of Estate Planning, consisting of but not confined to:
Advance Directives
An Advance Directive is an oral or written statement. This statement will spell out how you want your medical decisions to be made when you become unable of arriving at these verdicts yourself.
Asset Protection
Asset Protection Planning is an ethical and legal process that entails evaluating your financial holdings and reorganizing them to ensure that you can get legal exemptions.
Business Succession Planning
Business succession planning is a strategy for handing down leadership tasks to an employee or group of employees.
Charitable Lead Trust
A charitable lead trust is an irrevocable trust designed to ensure financial support to one or more charities for a amount of time, with the remaining assets eventually going to family members or other beneficiaries.
Charitable Remainder Trust
A charitable remainder trust is a tax-exempt irrevocable trust manufactured to reduce the taxable earnings of individuals by first dispersing income to the beneficiaries of the trust for a specified amount of time and then giving away the remainder of the trust to the designated charity.
Dynasty Trusts
You might have heard that “dynasty trust” is a term used for denoting trusts that last for more than a generation. In reality, this term is used for denoting trusts that are developed to stay for generations.
Generation-Skipping Trust
A generation-skipping trust is a type of trust that designates someone who is at least 37 1/2 years younger than the settlor as the beneficiary of the trust.
Grantor Retained Annuity Trust
A grantor retained annuity trust (GRAT) is a financial instrument utilized in estate planning to reduce taxes on large financial gifts to family members.
Health Care Directives
Health care directives are written or oral guidelines that give instructions regarding the potential medical care that a individual should get when he/she is not in a position to decide.
Intentionally Defective Grantor Trust
An intentionally defective grantor (IDGT) permits a trustor to isolate specific trust assets in order to segregate income tax from estate tax treatment on them.
Irrevocable Trust
An Irrevocable Trust is an agreement between a settlor, trustee and specified beneficiaries that can not be changed or revoked except if there is a mutual agreement between all affected parties.
Last Will and Testament
A last will and testament is a legal document describing your desires regarding assets and dependents after your death.
Living Trusts
A living trust is a legal documentation, or trust, created during an individual’s lifetime where a designated individual, the trustee, is granted responsibility for managing that individual’s assets for the benefit of the eventual beneficiary.
LLC Formation
An LLC can help you pass assets down to your beneficiaries while keeping away from taxes. Our Estate Planning & Probate Attorneys can help you with LLC Formation.
Pet Trust
A pet trust is a legally sanctioned arrangement providing for the care and maintenance of one or more companion animals in the occasion of a grantor’s handicap or death.
Power of Attorney
A power of attorney may be a useful tool that allows you to be included in monetary transactions. This tool is crucial when you can not attend to sign documents.
Qualified Personal Residence Trust
A Qualified Personal Residence Trust or QPRT is a unique kind of irreversible trust that has been created to eliminate the value of your prime residence or a secondary property from your taxable estate.
Transfer Tax Planning
Transfer tax planning includes using various tax-favored techniques to move wealth to your intended recipients during your lifetime and at passing.
Our Estate Planning & Probate Attorneys Serve Lake Magdalene Residents
For you to guarantee that your rights and the wishes of your loved ones are fully upheld, it is important to have the representation of a skilled legal professional. Our Estate Planning & Probate attorneys know how much these challenges matter for you and your family, and we have the legal expertise you need to prepare and protect your legacy.
Call us today at (727) 381-2300 or schedule a consultation online and chat with one of our top rated Estate Planning & Probate Attorneys.
