When it comes to managing one’s assets and ensuring a smooth transfer of wealth after one’s passing, the choice between creating an estate plan and being subject to probate becomes crucial. This blog aims to shed light on the key differences between these two options and it explores which one may be more advantageous. An estate… Read more »
In Florida, probate is the legal process that happens after someone dies with assets. It includes gathering the deceased person’s assets, paying any debts and taxes, and distributing what is left to the beneficiaries named in the will. If there is no will, Florida law determines who receives the assets. The entire process can take… Read more »
Civil litigation is the formal process for dispute resolution, typically through the court system, but sometimes through alternative dispute resolution systems, such as arbitration. If there is a contract between the parties in dispute, the contract may specify that arbitration rather than a lawsuit must be pursued to resolve disputes between the parties. Arbitration is less… Read more »
A guardian is a person designated by the court who can make personal and/or financial decisions for another individual who has become incapacitated or is a minor. Once a court makes someone a guardian, the individual who is now under the guardian’s care is considered a “ward.” Guardianship of an Adult To become a guardian… Read more »
The Corporate Transparency Act (CTA), enacted in 2021 with bipartisan support, represents a significant step in curbing illicit finance within the United States. Its aim is straightforward: to enhance transparency by requiring many companies operating in the U.S. to report information about their ultimate beneficial owners or controllers. Unfortunately, while its aim is straightforward, the… Read more »
