Tag: family-members
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Who is eligible to file a wrongful death case?
In the state of Florida, if the individual who passed away had a will, the personal representative or executor of the estate can initiate a wrongful death lawsuit on behalf of the surviving family members.
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What is a Qualified Personal Residence Trust (QPRT) and how does it work?
Our homes are often our most valuable assets and hence one of the largest components of our taxable estate. A Qualified Personal Residence Trust, or a QPRT (pronounced “cue-pert”) allows you to give away your house or vacation home at a great discount, freeze its value for estate tax purposes, and still continue to live…
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What is a Licensee?
Under the terms of premise liability law, a licensee is an individual who has permission to be on someone else’s property. The person is on the property with the consent of the owner. A licensee may visit the property for purposes other than conducting business. For instance, a person may organize a gathering at their…
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What is the impact of cognitive decline on the validity of a will?
For a will to be deemed valid, the person making it, known as the testator, must possess the necessary mental capacity to sign the will. This is determined through a three-step examination. Firstly, the testator must comprehend who their beneficiaries are, meaning they must be aware of their family members. Secondly, the testator must understand…
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What do I need to demonstrate in order to prove lack of ability?
In the state of Florida, the examination to determine mental capacity for signing estate planning papers consists of three parts. First, the individual must comprehend the rightful beneficiaries of their assets, which includes knowing and recognizing their family members. Second, the testator must have knowledge and comprehension of their property’s nature and extent. Lastly, the…
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Who is eligible to file a claim for a death caused by accident?
Who is eligible to file a wrongful death claim in Florida? In the state of Florida, there are specific individuals who are allowed to file a claim for an accidental death. Typically, it is a person who is a close relative of the deceased. The children of the deceased may be eligible to file a…
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What is the definition of Ancillary Probate?
Ancillary probate refers to the requirement of initiating the probate process not only in the state where the person passed away, but in every state where they had real estate holdings. This legal procedure is referred to as ancillary probate. Each state possesses probate jurisdiction over the real property situated within its boundaries. Consequently, the…
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What is the nature and value of the assets?
The nature and value of the assets also has an impact on the selection of a Trustee. If a trust consists of a residence and cash, the beneficiary may be able to manage the assets without any assistance. If the trust consists of a closely held business, one or more family members who have been…