Share

Spiro J. Verras Blog

Wednesday, September 28, 2022

What is an Affidavit of Heirs?


After a person passes away, the assets in their estate will be distributed according to the terms they have set forth in their will. Should a person pass away without a will, they are said to have died “intestate.” Without a will, the estate assets will be distributed according to state intestacy laws. Generally speaking, Florida’s intestacy laws direct that the decedent’s closest relatives inherit from a deceased individual’s estate and more distant relatives may inherit depending on what relatives survive the decedent. If there are no known living relatives of a person who has died intestate, their assets will escheat, or “pass,” to the State of Florida.
Read more . . .


Wednesday, September 28, 2022

What is Summary Administration?


If you have heard anything about the Florida probate process, it is likely to not have been something good. You may have heard how long and complicated the process can be. You may have heard how frustrating and expensive it can get.
Read more . . .


Thursday, August 25, 2022

Accounting for Cryptocurrency in Your Estate Plan


At this point in time, most people have digital assets. Our digital lives continue to grow and, with that, so do the digital assets we need to account for in our estate plans. Cryptocurrency, for instance, has not existed for very long, but continues to grow in popularity.
Read more . . .


Wednesday, August 24, 2022

Have You Ever Heard of an Incentive Trust?


In developing your estate plan, there are a number of dilemmas you may face. Yes, you may want to leave certain financial resources to your loved ones, but you may worry about where that money will go, how it will be spent, and when it will be spent. These are natural concerns. You are, after all, worrying about your legacy and what your legacy will be supporting. Fortunately, you can use an incentive trust to help ensure the money you leave to your loved ones go to supporting goals and achievements you would have wanted to support for your loved ones.
Read more . . .


Friday, July 29, 2022

Setting Up an Irrevocable Trust


You may have been resistant to the idea of a trust. After all, trusts involve some complex ideas and concepts. It can be difficult to wrap your ahead around let along figure out the right trust to establish to help further your goals and protect a future you want for you and your loved ones. After much investigating, you may have settled on setting up an irrevocable trust. After all, the benefits of an irrevocable trust are undeniable.
Read more . . .


Thursday, July 28, 2022

Trustee Responsibilities


A trust is created and funded by a trustor and is managed for the benefit of the beneficiaries by an appointed trustee. A trustee is either a person or an institution tasked with managing a trust. The trust document will, among other key terms of the trust, establish who is to be the trustee.

Being a trustee is a role rife with responsibility. The duties of a trustee are numerous and are not to be taken lightly.
Read more . . .


Monday, July 4, 2022

Kid Going Off to College in the Fall? Estate Planning Documents You Need


Your kids may get older, go off to college, and onto the real world, but they will always be your kids no matter what. Some of you may be spending the summer getting your son or daughter ready to move to college in the fall. It is an exciting time and you likely have an extensive to-do list. Be sure that seeing a trusted Read more . . .


Monday, July 4, 2022

Why Don’t Most Americans Have an Estate Plan in Place?


A recent study released by Caring.com reveals that only about one-third of Americans have an estate plan in place. Based on surveys gathered by the senior living referral service, the study concluded that close to two-thirds of people in the U.S. have the vital legal protections that are established in a comprehensive estate plan.
Read more . . .


Sunday, June 5, 2022

Considerations When Choosing a Trustee


You may have heard of the many potential benefits of including a trust in your estate plan. Are you worried about probate? A trust can be a great way to avoid it! Are you worried about your beneficiary’s ability to manage an inheritance? A trust can pace and condition distributions to protect the inheritance from being quickly spent away.

If you have decided to establish a trust, one of the big decisions you will need to make is who to appoint as trustee.
Read more . . .


Sunday, June 5, 2022

Taxes that Can Impact Estate Planning


One of the benefits of planning ahead is the ability to anticipate certain consequences and put tools in place to avoid them accordingly. Estate planning, for instance, often involves significant transfers of asset ownership, all of which can have profound tax consequences. Tax liability can take a big chunk of the value away from the assets you wish to transfer and, thus, it is important to be aware of what taxes may come into play in the estate planning realm.
Read more . . .


Wednesday, April 20, 2022

Exploring the Upsides and Downsides of a Living Trust


If you have never heard of a living trust, now is a great time to learn. A useful estate planning tool, a living trust is, aside from a Last Will and Testament, one of the most commonly used mechanisms for transferring assets to your family and loved ones upon your passing away. For a full picture of a living trust, we are going to take a look at the upsides and downsides of a living trust.
Read more . . .


← Newer12 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Older →

Archived Posts

2022
2021
2020
2019
2018
2017
2016
2015



© 2022 Verras Law, P.A. | Disclaimer
31640 U.S. Hwy. 19 N, Suite 4, Palm Harbor, FL 34684
| Phone: 727-493-2900
14653 Canopy Drive, Tampa, Tampa, FL 33626
| Phone: 813-228-6800
360 Central Avenue, Suite 450 - Compass Land & Title, St. Petersburg, FL 33701
| Phone: 727-892-6050

Estate Planning | Probate / Estate Administration | Elder Law | Business Law | Permanent Residency | Trusts & Estate Planning | Advanced Estate Planning Techniques | Estate Planning with Wills | Asset Protection | Estate Planning for LGBTQ+ and Non-Traditional Families | Business Succession Planning | Planning for Children | Family Limited Partnerships | Medicaid Planning | Guardianships | Veterans Benefits | Purchase/Sale of a Business | Attorneys

Law Firm Website Design by
Amicus Creative