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Posts tagged "Estate Administration"

What responsibilities do I have as a personal representative?

Being asked to serve as the personal representative of a loved one or friend’s estate is an honor, in some cases, and a burden in others. In any case, it is a responsibility worth taking seriously. For those who have no idea what is involved in serving as a personal representative of an estate, it can be greatly helpful to work with an experienced attorney. This is all the more important when the size of the estate is significant, or when there are complex claims against the estate.  

How these 3 estate planning mistakes open the door to family disputes

Nobody wants their family members to squabble over inheritances after they're gone. No one wants to leave a legacy of heated battles. One of the main goals of estate planning is to prevent such disputes from happening.

Will Marlins pitcher’s death result in estate dispute?

Florida baseball fans remember that, last September, Miami Marlins pitcher Jose Fernandez died in a boating accident near Miami Beach, Florida. Though Fernandez was unmarried at the time of his death, his girlfriend was pregnant with their child. She was not, however, named as a beneficiary on Fernandez’s trust. Rather, his mother was named as the sole beneficiary.

Prince estate still on hold due to claims of alleged heirs

Florida readers may remember the iconic 2007 SuperBowl halftime performance of Prince in 2007. For those who weren’t there and haven’t seen it, a visit to Youtube may be in order. For Prince fans, the performance is a perfect example of the energy, creativity and commitment Prince had for his art. As committed as Prince was to his career as an artist, though, he did not take much thought for estate planning.

Filing an estate tax return when the estate doesn’t owe any taxes

We’ve been looking in recent posts at Donald Trump’s plan to eliminate the estate tax, and considering the changes this will bring to wealthy and moderately wealthy Americans. As we noted last time, changes in estate taxation at the federal level do not necessarily mean changes in death taxes—whether as estate tax or inheritance tax—at the state level.

What can I do if I feel an estate is being mismanaged?

Being the executor of an estate can be a very complicated, frustrating task. As the person designated to manage the estate, it is up the executor to make some difficult financial decisions and see to it that a person's last wishes are respected and carried out.

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