Introduction Establishing a trust can be a valuable step in protecting your assets and ensuring a smooth transfer of wealth to your loved ones. A trust provides that assets pass to beneficiaries without going through probate. The trust can also
Daily & Toups Blog
The Daily & Toups Blog, published by the Law Offices of Daily & Toups, focuses on legal topics related to estate planning, elder law, tax law, and probate services primarily in Florida. The blog covers practical issues such as choosing trustees, understanding probate processes, distinctions between wills and trusts, and specific Florida property laws like Lady Bird deeds and homestead applications. It also addresses tax-related matters including IRS audits, tax appeals, and payroll tax responsibilities for businesses. The content aims to inform readers about legal strategies for asset protection, Medicaid planning, and navigating complex tax and probate procedures.
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Does a Will Always Need to Go Through Probate When Someone Dies?
Introduction Probate is a legal process that occurs after an individual’s death to verify the validity of their Will, distribute assets, and settle outstanding debts. Probate can be costly and time-consuming, especially here in Florida. A common question is whether…
Should I Have a Will or a Trust?
Deciding whether to create a Will or a Trust depends on your individual circumstances and estate planning goals. Here you’ll find the factors to consider.
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Will a Florida Lady Bird Deed Change my Homestead?
Lady bird deeds, also known as enhanced life estate deeds, have become increasingly popular in Florida in recent years. These deeds allow property owners to transfer their property to someone else upon death without going through probate. But what happens…
When Do I Need to Apply for Homestead in Florida?
If you own a Florida home, you may wonder when you should file for homestead. Homestead is a legal status that provides homeowners certain protections and benefits, including reduced property taxes. This article will explore when you need to file…
Summary Administration Probate in Florida
A Summary Administration probate in Florida is a phenomenal way of cutting down on the expensive cost and time of a typical, Formal Administration probate. A Summary Administration can be used when the decedent has been deceased for more than…
How to Enter a Safe Deposit Box in Florida After Someone Dies
Entering a safe-deposit box after a loved one dies can be extremely difficult and frustrating. Many states seal the safe-deposit box after someone dies until a court order to open the box is produced. Florida does not seal safe-deposit boxes…
How to Find a Last Will and Testament in Florida After Someone Dies
Locating a decedent’s Will can be like looking for a needle in a haystack. Many people create a will years before they pass. Here’s how we suggest finding it.
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Am I Responsible for My Husband or Wife’s Nursing Home Bills in Florida?
Yes, you can be responsible for your husband or your wife’s nursing home bills unless you find a competent elder law pro to figure out a way to not make you responsible. It happens quite often that one spouse has…
How to Form and File a Florida LLC
Once you or your business partners have figured out what type of business you would like to start, the first step in forming and filing your Florida LLC is to understand that there are two basic documents that must be…