What Do I Do if Someone is Mishandling the Estate?
Video Summary
What do I do if someone is mishandling the administration of an estate? If you’re a beneficiary, then you need to hire an attorney who can then petition the court to have the personal representative of the estate removed and cite how they’re mishandling it. And if they’ve taken any money, you can also ask that they be held responsible for it. It’s called a surcharge. Surcharge, the personal representative. You’ll need to hire an attorney to do that. And so if you have any questions about trying to remove a personal representative or state being mishandled, you can call me at (727) 847-2288.
Can I Use My Mother’s Power of Attorney, After Her Death to Closes Her Bank Account?
Video Summary
Can I use my mother’s power of attorney after her death to close her bank account? No, you cannot. Powers of attorney terminate at death so you’re not able to use the power of attorney to close your mother’s bank account. If you have any questions, give me a call at (727) 847-2288.
What Laws or Other Factors are Considered When Distributing Assets Within the Trust?
Video Summary
What laws or other factors are considered when distributing assets within the Trust? The Trust document indicates who the beneficiaries are, what portion of the Trust or amount they are to receive from the Trust when they’re supposed to receive the Trust, and it’s up to the Trustee to administer the Trust. As far as that’s concerned, many times the Trustee is to hold the money, must invest it or whatever to, so it just doesn’t sit there and doesn’t accumulate any income, and then he is obligated to distribute the money pursuant to the provisions of the Trust. The Florida statutes outline the duties of the Trustee and what his fiduciary or responsibilities are and when he should do that. So, the Trust instrument determines the factors involved as far as distribution of Trust assets. If you have any questions, give me a call at (727) 847-2288.
Do I Have to Pay the Decedent Credit Card Bills and Medical Bills From a Joint Acct?
Video Summary
Do I have to pay the decedent’s credit card bills and medical bills from a joint account which was maintained during his lifetime and I the co-owner? The answer is no. Creditors are required to file their claims in a probate proceeding, and if there is no probate proceeding, they have no way to file a claim and no way to recover whatever bills that are owed. This even goes to Medicaid liens. If there are no assets in the decedent’s name, they’re not able to recover these and you have no responsibility to use the money that was in a joint account to pay the decedent’s bills. The joint accounts are by statute become the asset or the sole owner of the co-owner of account. So if you have any questions, give a call (727) 847-2288.
- Published in Medicaid Planning, Probate, Videos
Why Would I Need a Disposition Without Administration?
Video Summary
Why would I need a disposition without administration? You’re entitled to obtain this disposition without administration. If the funeral bill that you paid exceeds the amount of a bank account, so let’s say that you paid $3,500 for the funeral bill for the decedent, and they had a bank account which has $1,200 in it, you can then apply to the court, go to the probate court, and ask to file this petition for disposition without administration. Provide them with the paid funeral bill and also the information as far as the bank account’s concerned, and the court of the judge on interim order directing the bank to give you the money and without having to go through a probate proceeding. I believe there is a filing fee for that. So if you have any questions, give me a call at (727) 847-2288.
- Published in Estate Planning, Probate, Videos