So, you have inherited more than money from your aunt from Boca Raton. She named you successor trustee of her Palm Beach revocable trust. You inherited the job of trustee !
What if you could save millions of dollars in US Estate Tax by splintering into little pieces (figuratively)? Well, if you have a Palm Beach art collection or are advising Boca Raton families that have a valuable piece of art, then consider fractional discounts and read this recent Court of Appeals (Tax Court) case.
Everyone, it seems, from Miami to Jupiter, Florida is being told by Probate Attorneys Palm Beach that you need a revocable living trust. In fact, just this morning, financial writer Ivory Johnson of CNBC (online) wrote a great article about estate planning for 99% of the population: http://www.cnbc.com/id/101934660
Everyone in their estate plan seem to be using a Florida Revocable Trust. That’s right. From multi-million dollar estates in Boca Raton to more modest Florida citizens in Stuart, Florida, Estate Planning Attorneys Palm Beach are writing revocable trusts for their clients. And clients are using revocable living trusts to hold their cash, real estate, investments and other valuable assets.
In the world of Palm Beach probate litigation, the word “fraud” is thrown around a lot. A recent, September 11, 2014 Florida appeals court opinion on fraud serves as a good reminder of 5 things you need to know about fraud in probate litigation.
Florida estate lawyers know that a joint account with a right of survivor ship goes to the survivor automatically and by operation of law, upon the death of the owner….UNLESS the bank account is a convenience account, sometimes referred to as an estate account in Palm Beach probate. Well, if you have an interest in a joint account, you may want to read this September 10, 2014 Florida probate appeals opinion from the 1st District Court of Appeal.
If you are wondering if you can recover your attorneys fees in a Palm Beach trust lawsuit, that’s a GREAT question to ask your trust litigation firm Palm Beach. Or, perhaps even better, that’s a great question to consider, and, well, try to answer if you can, before you file a trust lawsuit in Palm Beach.
So you want to remove a Florida trustee, right? You want that trustee to stop running the trust or administering it? Do you want to watch a free FAQ trust video? How do I remove a Palm Beach trustee? http://www.youtube.com/watch?v=mUj7dDDfE7U&feature=youtu.be
If you are a beneficiary of a Florida trust, and you are thinking about suing a Florida trustee, you should understand what lies ahead. It’s one thing to just file a trust lawsuit, and it’s another to understand what you are doing.
If you are thinking about bringing a trust lawsuit in Palm Beach over a Florida trust, do you know what you are doing?