FLORIDA BANKS HOP ON THE WEALTH MANAGEMENT BANDWAGON

The recent economic downturn has created a buyer's market for wealth management services. Banks throughout the nation, including South Florida, are offering a variety of incentives for people who need wealth management advice, courting clients with a wide range of perks.Banks have begun to host wealth management seminars for special populations, including women and other target groups. These events allow the firm Read More

MAN ACCUSED OF ASSAULTING ELDERLY UNCLE AFTER PROBATE HEARING

Elderly Florida residents are no doubt aware of the challenges that estate planning can present when deciding who gets what. Tempers have been known to flare amongst jealous relatives, but it's important that everyone act calmly. A man has been accused of assaulting his elderly uncle after a contentious custody and probate hearing. The incident occurred when the two men were leaving a hearing was related to the Read More

ARE LIVING TRUSTS A CURE-ALL FOR PROBATE FEES?

Living trusts are sometimes pitched to Florida seniors in high-pressure environments, with salespeople contending that probate fees will be lower if a trust is in place. These people often convince older citizens to create trusts where they may not be needed. Experts advise that those interested in proper trust administration first consult a lawyer and financial adviser before listening to salespeople.A living Read More

COCA-COLA FIGHTS ANTIQUE STOCK CLAIM

Sometimes big gifts come in unlikely packages -- at least that's what one family is contending after discovering an unlikely fortune in an antique stock certificate. The family is suing Coca-Cola over an estate valuation issue, after one man purchased an inexpensive certificate at a garage sale. The certificate, they say, entitles the holder to 1.8 million shares of company stock, which would amount to $130 million Read More

MONKEES STAR’S ESTATE DOCUMENTS SEALED FROM PUBLIC

A South Florida court has decided to allow Davy Jones' will and other estate documents to remain confidential and sealed, per requests from the performer's family. Jones, who died in late February from a heart attack, had been a public figure for more than 40 years, known throughout the world as the face of a band called The Monkees.The judge's decision to seal the records is extremely unusual in a state that has Read More

DEBT AFTER DEATH: WHO’S RESPONSIBLE?

The question of what happens to someone's debt when he or she dies has become increasingly salient during the recession and sluggish recovery, according to legal and financial advisers. More and more heirs in Florida and elsewhere are finding themselves saddled with debt from devalued properties, credit card bills and other sources. Probate litigation experts have become valuable resources for this group, helping Read More

FIXING A BROKEN ESTATE PLAN MIGHT BE EASIER THAN YOU THINK

Attorneys and clients both recognize that estate planning can be a constantly changing process. The plans can be affected by family circumstances and legal changes. Increased wealth, marriages and uncertain tax laws have led clients to periodically reevaluate their estate plans, a move encouraged by legal experts. By paying constant attention to their estate documents, clients can prevent last-minute document errors Read More

WOMAN GETS REHABILITATION FOR TAKING MOM TO FLORIDA

A Florida woman has been granted accelerated rehabilitation instead of jail time for spiriting her 81-year-old mother away from her home. The woman's family has been legally disputing the elderly woman's care agreement for some time in a continued probate litigation case, according to official documents.Police found the older woman at her daughter's friend's home after a three-week search. The woman was charged Read More

ESTATE PLANNING: SKIPPING ESTATE TAXES

It can be discouraging for Florida residents who are planning an estate to realize that assets can be so heavily taxed on both the federal and state level. Estate administration includes finding the best way to preserve assets from one generation to the next, and trusts can be a great tool for doing so. Regulations on trusts vary from state to state, so consulting a local professional who knows the ins and outs of Read More

POP CELEBRITIES’ ESTATES CASH IN ON POSTHUMOUS FAME

Every person hopes that their legacy will live on, whether through creative works or lives touched. When a celebrity dies, they may take comfort that the things they have done in life, good or bad, will continue to intrigue the public long after their death. The American public's obsession with a celebrity is greatly reflected in estate value once the celebrity dies.The death of Whitney Houston is still fresh in Read More