by Senior Scene | Dec 31, 2022 | Financial Advice, General Interest, Legal, Magazine, Top Story (B)
What Happens if a Beneficiary Dies? By Attorney Truman Scarborough All of our beneficiaries (those who inherit our estates) will someday die. Not planning for what will happen if a beneficiary dies can have unexpected and costly consequences. In this article we...
by Senior Scene | Nov 30, 2022 | Featured Article (03), Financial Advice, General Interest, Legal, Magazine
Can specific bequests disrupt an estate plan? By Attorney Truman Scarborough A specific bequest can be a sum of money, the home, a car, shares of stock, jewelry, etc. that is given to a particular individual. It allows an estate plan to better reflect personal...
by Senior Scene | Oct 31, 2022 | Financial Advice, General Interest, Legal, Magazine, Top Story (B)
When should a Beneficiary’s inheritance be held in trust? By Attorney Truman Scarborough An inheritance does not need to be distributed directly to a beneficiary. It can be placed in a trust where the funds can be managed and controlled by a trustee for the heir’s...
by Senior Scene | Sep 30, 2022 | Featured Article (04), Financial Advice, General Interest, Legal, Magazine
Who has to pay the bills when someone dies? By Attorney Truman Scarborough No one is obligated to pay a decedent’s debts unless he/she has agreed to be personally responsible. Paying the decedent’s creditors is part of the probate process with beneficiaries of...
by Senior Scene | Aug 31, 2022 | Featured Article (04), Financial Advice, General Interest, Legal, Magazine
When is probate the better way to settle an Estate? By Attorney Truman Scarborough Probate is required when property is titled just in the decedent’s name without any beneficiaries. A will by itself does not transfer property to the heirs. Probate is needed to...
by Senior Scene | Jul 31, 2022 | Featured Article (04), Financial Advice, General Interest, Legal, Magazine
What should be considered when excluding a child in your estate plan? By Attorney Truman Scarborough Except for certain rights minor children have in the home, Florida Law does not require that any part of your estate go to your children. This is not the case with...
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