S corporation stock, whether owned individually or by a trust, merits special attention upon death. Congress presumably did not want a shareholder’s death to terminate an S election, so an estate of a deceased S corporation shareholder is a permitted shareholder during the period of administration. If the executor transfers…
Category: Estate Planning
What happens in Florida if someone gets divorced and then dies without updating their estate plan? Depending on the asset, Florida law provides a set of rules governing the effect of a divorce on that particular asset. Last Will & Testament Florida law provides that all provisions in favor of…
If you have ever been involved in an estate proceeding, you may have heard the terms “executor,” “administrator,” or the feminine versions of these terms (executrix or administratrix). However, in Florida, the name used for this role is the “personal representative.” In short, the personal representative is the person appointed…
While marriage equality is now the law of the land, LGBTQ couples still face unique issues that heterosexual couples do not have to consider. Whether you have not given any thought to estate planning or simply need to update your plan, a Palm Beach County LGBTQ estate planning attorney can…
Generally speaking, estate matters are governed by state law. A will is considered valid when it meets the legal requirements of the state where it is drafted. However, your estate is administered according to the laws of the state where you die. As a result, a common question our clients…