Jan 8, 2021 | 9:00 AM | Friday
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Inheritance Law Jacksonville
JUDY-ANN SMITH LAW FIRM, P.A. – COMMITTED TO HELPING YOU The Judy-Ann Smith Law Firm, P.A. located in Jacksonville, Florida provides legal services in the areas of Inheritance Law, Probate, Wills, Trusts and Estate Law to meet the needs and goals
Dealing with Inheritances and Wills
In Florida, if someone dies and has a will the estate will go through the probate process. The court certifies the validity of the will and approves the named personal representative (executor). Once the personal representative is approved, they have an obligation to gather any assets that are not jointly owned, or have named beneficiaries and obtain a valuation.
Beneficiaries and creditors of the decedent are then notified by the personal representative. Any heir who believes they should be entitled to an inheritance of an estate and was not named in the will may have a legal right to file a petition to determine beneficiaries.
Dealing with Inheritances and Trusts
While the purpose of a trust is generally to avoid probate, the trustee is still required to notify the probate court using a document called a Notice of Trust. This is to ensure that all beneficiaries, heirs, and creditors of the decedents are aware of the death and allow creditors to file claims against the trust for unpaid debts. The Notice of Trust should be filed as soon as possible after death of the trust creator.
Decedent with No Will and No Trust
Florida laws requires assets of a decedent who have no will to be distributed according to Florida’s intestacy laws. Inheritance rights are given to spouses, children, parents, or siblings of a decedent. There are slightly modified rules when someone has been married multiple times. Some of the common distributions are:
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