In Florida, what property is inherited by your family if you die without a will (“intestate”) depends on what type of property you own at your death. Property is passed to your heirs in two ways: either outside of probate (“non-probate”), or through a court-supervised process called “probate”. Property Passing Outside of Probate: In many […]
Tag: trusts
Florida Wills : Requirements That May Impact You & Your Family
A Last Will and Testament is the document that is used to specify what will happen to your property after you die. A will is valuable to reduce confusion, stress, and conflict among surviving family members to whom property may be gifted or given upon your passing. Ideally it should clearly states your wishes for […]
A To-Do List for Estate Planning in St Johns County, Florida
At the Preddy Law Firm, P.A. our goal is to help families in St. Johns County, Florida and the Jacksonville area avoid frustration and fear when it comes to estate planning. By being proactive instead of reactive, a family can save time, anxiety, and money in the case of a loved one’s death. Estate planning […]
Project Mexico
One home. One family. One week. This summer, my two teenage children and I traveled to Rosarito, Mexico as volunteers with the Project Mexico mission team. We participated in a project that tested us emotionally, physically, and mentally. Our challenge was to build a home for an impoverished family from the ground up in one […]
Probate Is Not Always Required After the Death of a Loved One
Many have heard of the term “probate” as a court process required after someone dies. Probate may be necessary to identify and gather the assets of a decedent, pay the decedent’s debts, and distribute the decedent’s assets to the beneficiaries or heirs. However, it is not always required. If the property you own is held […]