FAQs
Law Offices of Richardson & Sellers, P.A.
What is a living will/advanced directive?
A living will is a specific type of advance directive that outlines your wishes regarding medical care if you become unable to make decisions for yourself. These legal documents guide doctors and caregivers if you are terminally ill, seriously injured, in a coma, or facing late-stage illness. Working with an estate planning attorney in Bonita Springs, FL can help ensure your living will is properly drafted and aligned with your overall estate plan.What is a Revocable Trust?
A revocable living trust is a legal entity created to hold ownership of your assets during your lifetime. The person creating the trust, known as the grantor, typically serves as the trustee and maintains control over the assets. This type of wills and trust in Bonita Spring, FL planning tool can help manage assets during incapacity and streamline distribution after death while avoiding probate in many cases.Is jointly owned property a good estate plan?
Joint ownership can allow property to transfer directly to the surviving owner without going through probate, which is often appealing for married couples seeking a simpler transition after a loss. While this arrangement may streamline the transfer process, it can also limit flexibility and reduce opportunities for strategic tax planning, asset protection, or future distribution control. In some situations, joint ownership may even create unintended consequences for heirs or beneficiaries. Working with an estate planning attorney in Bonita Springs, FL helps ensure this approach aligns with your broader estate plan and long-term objectives, or whether alternatives such as trusts may offer greater protection and clarity. According to Vanilla, more than one-third of United States adults report that they or someone they know have experienced family conflict due to inadequate estate planning, underscoring the importance of thoughtful, proactive planning.What is health care or medical power of attorney?
A health care or medical power of attorney is a legal document that authorizes someone to make medical decisions on your behalf if you are unable to communicate your wishes. This document works alongside other wills and trust in Bonita Spring, FL planning documents to ensure your healthcare preferences are respected and that decisions are made by someone you trust.What happens if you die without a will?
Dying without a will means you pass away intestate, and state law determines how your assets are distributed. This process may not reflect your wishes and can create unnecessary complications for loved ones. Creating a will with an estate planning attorney in Bonita Springs, FL helps ensure your assets are distributed according to your intentions and reduces stress for your family.How long do you have to file probate after death?
The timeline for filing probate varies by state, with some states allowing immediate filing and others imposing deadlines of several years. Delays can affect asset distribution and create legal complications. An estate planning attorney in Bonita Springs, FL can help ensure probate filings meet all required timelines and legal obligations.Can a Personal Representative of a will sell property without all beneficiaries approving?
In many cases, a personal representative can sell property without beneficiary approval unless the will restricts that authority or the court imposes limitations. Disputes may arise if beneficiaries object to the sale. Proper wills and trust in Bonita Spring, FL planning can clearly outline these powers and reduce the likelihood of conflict.Can an estate be administered with a missing heir?
Yes, it is possible to administer an estate even if an heir cannot be located. The personal representative must demonstrate a genuine effort to find the missing heir, and in some cases, the heir’s share may be deposited with the court. An estate planning attorney in Bonita Springs, FL can guide personal representatives through this process while ensuring legal compliance.Is Summary Administration always the better option when available?
No, Summary Administration is not always the best option. While it may work for small or delayed estates, it limits the ability to discover unknown assets and may not be suitable in cases involving lawsuits, liens, or foreclosures. A wills and trust in Bonita Spring, FL professional can help evaluate whether formal probate or Summary Administration better protects the estate.Why is a title search/review important in a real estate transaction?
A title search ensures a property’s ownership history is clear and free of liens, claims, or legal issues that could disrupt a transaction. Without a clean title, a real estate purchase could fall through or result in financial loss. An estate planning attorney in Bonita Springs, FL often reviews titles to ensure property can be transferred smoothly as part of an estate or trust plan.
