Executor is only beneficiary of life insurance. Can those funds help pay estate expenses?
The answer would be yes-but WHY? The beneficiary would be the owner and not obligated to use the insurance distribution to pay debts of the estate.
Largo, FL
Estate planning Lawyer at Largo, FL
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The answer would be yes-but WHY? The beneficiary would be the owner and not obligated to use the insurance distribution to pay debts of the estate.
Annuities do not go through probate and do not to be titled in the name of trust.
Assuming that she is competent to sign a legal document-get an attorney to visit her to draft a durable power of attorney and health care surrogate...
It is usually not necessary to open an estate unless the deceased had an asset just in deceased person's name without a beneficiary or you needed...
Trustee can waive fee or partial fee. if circumstances change-can decide to start charging fee.
The POA can only use document for mother's benefit-no other reason. The distribution in the will is upon mom's death. I would vote that the use...
Yes-you can use the POA to sell your mother's home. However-the home is an exempt asset an is an non-countable asset towards medicaid...
Meet with a guardianship attorney. Since your son is a Florida resident-your guardianship attorney can make it happen.
In addition to other answers. Jointly held assets owned with husband and wife usually go to the survivor and children have limited rights.
Your homestead in Florida is already a protected asset and can be placed in a Living Trust and still be protected and also avoid probate.