Categories for Estate Lawyer

What Is Probate?

November 21, 2022

When someone passes away, the last thing you want to deal with is probate and waiting for the estate to be handed out. That being said, if you are not sure what probate is, it can be difficult to really understand the process. So, what is probate, and why is it important? Keep reading to find out. What Is Probate? Probate is a period of time that follows the death of an individual who does not have a will in place at the time of their death. The probate period differs from state to state but is almost always six... View Article

Can an Executor Consult With a Third Party?

November 14, 2022

As an individual preparing a will for yourself for your day of departure, it’s essential for you to know the role different people will play in its execution. An executor is someone you will want to appoint to handle some of the affairs regarding your will. Here’s some information about that person and what his or her limitations are: What Is an Executor? An executor is a person you choose to carry out or "execute" the distributions you outlined in your will. In other words, this person will read your will and ensure that all beneficiaries receive their allotments. He... View Article

What Are the Responsibilities of an Executor of a Will?

October 24, 2022

Executors have a number of duties depending on the complexity of the deceased person’s financial and family circumstances. In the most straightforward of cases, as most are, the job of executor can be broken down into three major areas; personal affairs, will and distribution, and ongoing affairs. Personal Affairs There are many connections, obligations, responsibilities, and associations we develop throughout our lives. When those days are done, however, someone needs to inform any active links to people, businesses, and organizations. It is also important that any remaining balances, overages, or other account concerns get settled. Those responsibilities, of course, fall on... View Article

When Should You Hire an Estate Lawyer?

December 21, 2021

Death is an unfortunate fact of life. Even though no one wants to think about their eventual passing, it’s important to consider it for estate planning purposes. Whether you own a business empire or simply a house, a car and a retirement fund, having a strategic estate plan is key. When you work with an attorney ahead of time, you can strategically plan for retirement and Medicaid, distribute your property to your desired loved ones and assign powers of attorney in the event that you’re incapacitated. It will also ensure your family and friends can avoid probate whenever possible, and... View Article

Will vs. Living Trust: What Is Right for You?

August 7, 2020

A will is a written document that indicates how property is to be distributed after you die. Living trusts provide property management throughout life and after death, which can prove handy if you become incapacitated. When you are deciding between creating a will or a living trust in Miami, FL, you will likely find appealing attributes to both. However, what’s best will depend on your situation. Here are five factors to consider when deciding which estate planning vehicle works best for you: Assets: A living trust only works if you place assets into it. If you are planning more to... View Article

Rubén J. Padrón, PA
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