ESTATE PLANNING IS FOR ALL AGES -PART TWO
A long-time friend passed away from a sudden heart attack. He was a 49-year-old husband and father of two young boys. He looked healthy and fit and exercised often. He had a relaxed happy demeanor and he never did any planning. He left many friends and loved ones behind and he will be missed.
WHAT HAPPENS NOW? DOES HIS WIFE HAVE TO GO THROUGH PROBATE?
Yes, his wife does have to hire a probate attorney in Miami-Dade County, FL and go through probate administration to move the assets from his name to her name. Being married and having children together does not automatically allow the surviving spouse to transfer assets into their name. If a married couple owns everything in joint name, the assets can transfer without probate; but, in this case, where assets are owned separately, probate administration is required and a Judge will decide how and when the assets are transferred. His wife must prove that they are legally married and list all of the assets to be transferred in the estate inventory.
WHAT ARE REVOCABLE TRUSTS ? HOW CAN PROBATE BE PREVENTED?
In the example above, to prevent probate court involvement, a revocable trust could have been created and all of the real estate and assets placed into the trust. Had an estate planning attorney on Miami Beach, FL been hired and the transfers completed, probate court involvement could have been fully avoided. Thus, keeping family matters private and simple as they should be.
WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH AND MIAMI-DADE AND BROWARD PROBATE MATTERS?
As a Miami Beach Estate Planning, Wills and Trusts and Probate Lawyer in Miami Beach with over twenty-three years of experience and both a Psychology and Law degree, I handle these matters with care and sensitivity. I am familiar and comfortable with both the Broward County and Miami-Dade probate court system and know how to get things done. Call or email me today to discuss your Estate Planning, Wills and Trusts and Broward or Miami-Dade County Probate matters. I am happy to help you and your loved ones.