Kathrine Karimi, Author at EPGD Business Law

Estate Planning

Why Everyone Should Have a Trust?

A trust is a legal agreement between the person who created the trust “settlor” and the trustee (the settlor as well), which is designed to hold assets for the beneficiary/ies of the trust. A trust can be a useful legal and financial mechanism to hold and distribute one’s assets after the death of the settlor, regardless of the amount of assets the settlor has. Below are a few of the reasons why trusts are a good idea for everyone.

Kathrine Karimi August 19, 2020

Trusts & Estates

Grounds for Contesting a Will in Florida

At EPGD, we strive to communicate the importance of succession planning and are eager to spread knowledge on every aspect of having a valid will. More times than not, a will may potentially open itself up to an opportunity to be contested. This is known as a will contest, and Florida, among many other states, recognizes a number of grounds for contesting a will.

Kathrine Karimi August 18, 2020

Estate Planning

What is Intestacy in Florida?

Having a written Last Will and Testament is an essential part of an estate plan. It reflects all of your wishes upon your death, including who the beneficiaries of your estate are and how they are to inherit from you upon your death. Without one, you can potentially face the risk of your assets being distributed contrary to your intentions under the default laws of the state of Florida.

Kathrine Karimi August 12, 2020

Trusts & Estates

What is a “No Contest” Clause and is it Enforceable?

The term “In Terrorem” is a legal Latin term that translates to “in terror”. Today, most lawyers prefer to use the term “no contest”. A “No Contest” clause in a will may be added by the Testator of the will.

Kathrine Karimi August 7, 2020

Trusts & Estates

What is a Surcharge Action in Florida?

A surcharge action in Florida is a legal action that may be brought against a personal representative when there are allegations that the personal representative has breached his fiduciary duty in order to impose personal liability on a personal representative.

Kathrine Karimi July 6, 2020

Trusts & Estates

Beneficiary’s Rights in a Florida Trust

In the United States, the rights of trust beneficiaries are typically governed by state law. Florida has adopted the Uniform Trust Code (U.T.C.), which governs the administration of trusts in Florida as well as duties and rights of trustees and beneficiaries.

Kathrine Karimi July 2, 2020

Estate Planning

What Are the 5 Things You Need in Your Estate Plan in Florida?

A Last Will and Testament is a legal document that allows you to decide how to distribute your assets after your passing. A Will contains the definition of assets, the names of beneficiaries, and sometimes includes guardianship designations and burial instructions. A Will also appoints an executor, or personal representative, of the will. A personal representative is someone who will pay remaining taxes after your passing and make sure the Will is being executed correctly and in accordance with your wishes.

Kathrine Karimi June 25, 2020

Trusts & Estates

What is a Living Will?

A living will is a legally binding document that explains an individual’s personal choices about end-of-life medical care in cases where they become incapacitated and can no longer make decisions for themselves. For example, the living will would state whether an individual would want to be kept alive through life support or whether they would not like to receive any life support, including artificial nutrition and hydration.

Kathrine Karimi June 25, 2020

Trusts & Estates

Difference Between a Revocable and an Irrevocable Trust in Florida

A trust is an agreement between a settlor and a trustee, which directs the trustee to hold the settlor’s assets for the benefit of the settlor’s beneficiaries. In simple terms, an individual will establish a trust to hold their assets for their beneficiaries. The person establishing the trust, or the settlor, can create a trust agreement where he is both the settlor and the trustee and place all of his assets in the trust.

Kathrine Karimi June 23, 2020

Probate & Guardianship

What is Probate in Florida?

Probate is a court process that is used to determine the authenticity of a will as well as to administer the estate of the deceased individual. Through probate, the court supervises the payment of all the debts of the decedent to his creditors. Subsequently, the court administers the distribution of the assets of the estate to its beneficiaries in accordance with the will of the decedent. In case of an absence of the will, the court will arrange the asset distribution according to the laws of intestacy of the applicable state.

Kathrine Karimi June 19, 2020

Kathrine Karimi

Why Everyone Should Have a Trust?

Grounds for Contesting a Will in Florida

What is Intestacy in Florida?

What is a “No Contest” Clause and is it Enforceable?

What is a Surcharge Action in Florida?

Beneficiary’s Rights in a Florida Trust

What Are the 5 Things You Need in Your Estate Plan in Florida?

What is a Living Will?

Difference Between a Revocable and an Irrevocable Trust in Florida

What is Probate in Florida?

Categories

Categories

Contact Us

EPGD Business Law

Practice Areas

Resources

Contact Us

Claim Your Free Legal Guide Today!

El Manual del Empresarios