Search Results: revocable trust

Bank account lawsuits can be common for estate lawyers in Palm Beach after the owner dies.  Why? Well who inherits a bank account if the will says that all bank accounts “go” to Johnny, but the bank account with $2 Million has Janey’s name on it, JTROS?   If you are faced with inheriting a bank account in a Florida probate, but the one who runs the estate says you don’t get the $2 Million, here are some tips to help you find out who inherits under the Florida probate laws. And remember, you can read the Florida Probate Rules and the Florida Probate Code, which are different, although related, online for free.

President Trump and transferring business interests into a revocable trust Probate Attorney John Pankauski talks about the best way to set aside your business interests into a blind trust

Yes you can even if the loved one died without a will? Usually, after the passing of a loved one, the will or revocable trust is read and the beneficiary are announced. If they dies with out a will, a Florida Probate calls that dying in intestate, as a brother or sister of the deceased you may be the beneficiary.

On January 17, 2017, CNN reported that Eugene Cernan has passed away. Cernan is best known for being the last astronaut to step foot on the moon. Did this renowned astronaut have a proper estate plan in place before he passed away? He was 82 at the time of his death. Did he have a will? Did he leave behind a trust? Who will inherit from his estate? What if he died without a will?

The media reports that Muhammad Ali’s estate has been finalized. Muhammad Ali’s estate will be distributed according to his will. According to the Daily Mail, each of his NINE children will receive $6 million and his widow, Lonnie, will receive the rest. Supposedly, his children were upset that their step mom was receiving more money than them. However, Ali’s eldest daughter claims that there was never an inheritance dispute. Probate litigators know that inheritance disputes frequently arise between children and their parent’s second, third, or, in this case, FOURTH spouse. However, a good estate plan can, when prepared by a Florida estate planning lawyer, help to make sure that your fortune is inherited by the people you intend it to go to.

In late 2016, the world was rocked and saddened by the passing of not only one screen icon, Carrie Fisher, but also her mother, actress Debbie Reynolds. What can you learn from these “quick” deaths as you plan your own estate?Yes, family can “go” quickly after the loss of a loved one, estate planning attorneys reveal. But, often, this is most common with long, close marriages of spouses who are in advanced years. When one spouse passes, it is not surprising that, many times, but not all the time, the surviving spouse or widow, passes within a year or so. In the case of the Star Wars princess, Fisher, and her mother, Debbie Reynolds, however, this was mother-daughter, not spouses.  This quick succession of death in a family can cause people who are planning  their estates to take pause.After all, this was not a case of two long-married spouses.  And this was not the case of the surviving spouse passing away in the following  year. This was mother-daughter and days.

On December 18,2016, Zsa Zsa Gabor passed away. She was married nine times, divorced seven, and one marriage was annulled. Will any of her ex-husbands inherit from her estate? How can you ” disinherit” a former spouse? 

On December 13, 2016, Alan Thicke died of a heart attack. He is best known for his role as the father on the very popular TV show “Growing Pains”. Who will inherit Alan Thicket’s wealth? How much was the popular actor worth? After learning of this unexpected death, it is hard not to wonder where his fortune is headed. The media has not yet reported whether or not he has died without a will. What does this mean for his family?

Do you have a Florida estate plan?  Did you know that meeting with an estate planning attorney can help you to avoid a Palm Beach guardianship that you do not desire ? Communities Digital News(CDN) recently reported about a former army ranger who says his parents forced him into an unnecessary guardianship. He says he was not mentally incompetent and was able to care for himself. Could you imagine not being allowed to make decisions for yourself?

Back in September of 2013, Florida’s 2nd District Court of Appeal issued its opinion in the Searle v. Bent case, 137 So. 3d 1028 (Fla. 2nd DCA, 2013). This involved a guardianship of an adult, actually someone’s mother, not a minor child.   Many people think of a guardianship as being a legal proceeding for a minor, but that is certainly not always the case.  In Florida, guardianships for adults are very common.  And, for good or for ill, so is guardianship litigation.