What Happens If I Die Without A Will?
What happens if I die without a will? The first thing that you need to do when someone dies without a will is determine what assets that they own and how they are titled. If the assets are titled in joint names, then they automatically go to the survivor and all they need is a death certificate. If there is a beneficiary on the assets such as life insurance or individual retirement accounts, IRAs, then all you need is a death certificate and contact the custodian of the IRA to have the money transferred to the beneficiaries, same thing with annuities, and also brokerage accounts that are transfer on death or bank accounts that are payable on death. If there is an asset that is just in the decedent’s name and they did not have a will then the Florida statutes set forth who is to receive the money, starting with the widow. And there is no widow or widower were then it passes to the children and on and on and on as to who receives the assets in the event that whenever someone dies without a will. So the Florida statutes state, who receives the assets upon the Seton’s death. So if you have any questions, we’ll give me a call at (727) 847-2288.
How Often Should I Update My Durable Power of Attorney?
How often should I update my durable power of attorney? You should update it any time that you want to change, who you want to serve as your agent, under your power of attorney. Also you may choose to update it every three to five years, and that during the past three to five years, they’ve changed the power of attorney statute in Florida under the new power of attorney statute. You’re giving your agent so can give your agent the authority to help qualify you for Medicaid. Also deal with your retirement accounts and other, estate planning documents. So that’s whenever you may wish to update. I’ve encountered some problems with banks or other folks that deal with, powers of attorney when you present them. Even though they are legally valid, if they’re old, they may not accept them. And of course, that’s the whole purpose of giving. the power of attorney is to facilitate, the signature, particularly if the person who gave it, to the agent has become incapacitated, you would not want it to be rejected. So, you just, as a practical matter, you may want to update your power of attorney every three to five years, or it at such time as if you wish to change your agent or your agent passes away. If you have any questions, give me a call at (727) 847-2288.
- Published in Estate Planning, Videos
What Identification Do I Need To Bring To My Real Estate Closing?
What identification do I need to bring to my real estate closing? If you’re the seller of the property, the notary Republic is going to ask for a driver’s license or a government issued photo identification, that’s usually a driver’s license. You can use a passport or a Florida ID card as far as that’s concerned, or any other government issued a identification card that has your picture on it.Sometimes a lender will ask for a secondary or two forms of identification. The second form I can take, can be a voter registration card, a social security card. I’ve used credit cards, with your name, or you even utility bills, which show your address and your name. So, that is what you need to bring. If you’re the buyer and you don’t need to have your signature notarized, you may not need to bring any identification. As far as the closing concern, primary reason for bringing the identification is if you have to have your signature notarized and that’s whenever, your need to have the identification, in order to be able to execute the documents. If you have any questions about this, give me a call at (727) 847-2288.
- Published in Real Estate, Videos
Can I Be Evicted During COVID-19 Pandemic?
Video Summary
Can I be evicted during the COVID-19 pandemic? The answer is yes. Now, if you’re viewing this, this answer is for Florida and that the governor of the state of Florida has latest order has said that you cannot evict a tenant if for nonpayment or rent, if the nonpayment of rent as associated with the pandemic, just because you decide not to pay your rent is not good enough, you have, it has to be related to the pandemic. And this is good until August 31st, after which time all your rent can be due, unless they extend it. And you can then be a victim for all your past due rent. Also, you can be evicted in the event that your lease has been terminated, or if you have not complied with the provisions of the lease. There are any number of reasons why you can still be evicted. The exception being, if the reason you weren’t able to pay your rent is because of COVID-19. Now this, the governor of the state of Florida’s order is not being followed. Consistency can consistently throughout Florida. And it varies from County to County and sometimes even judge to judge as to how they treat this. Also, if you are living in a federal laid back, mortgage, facility or federal housing, there is a federal statute or federal order that you cannot be evicted, the period, until the end of August. Again, this also may be extended. So,hopefully that gives you some guidance. And if you have some questions, give me a call at (727) 847-2288.
- Published in Real Estate, Videos