The Rising Importance of Wills and Trusts in Southern Florida: A Focus on Miami, Hialeah, Hollywood, Coral Springs, Davie, and Boca Raton
Estate Planning in Florida: A Changing Scenario
Recent developments in Florida’s estate law have brought significant changes to the way estate administration is handled. One such change is the introduction of the “family allowance” during the pendency of estate administration. This allowance, as per Fla. Stat. 732.403, provides a reasonable allowance to the surviving spouse and the decedent’s lineal heirs for their maintenance during the administration of the estate.
Moreover, the role of a trustee has been under scrutiny, with the Florida Statute 736.0706 outlining the conditions under which a trustee can be removed. These changes underscore the need for expert guidance in estate planning, particularly in drafting wills and trusts.
Wills and Trusts: Safeguarding Interests in Miami and Beyond
The Role of Estate Planning Attorneys
Estate planning attorneys play a pivotal role in navigating the complexities of wills and trusts. They provide invaluable advice on how to structure estate plans to maximize benefits, minimize taxes, and ensure the smooth transition of assets.
In Southern Florida, the expertise of attorneys like Yanitza Schoonover is helping residents of Miami, Hialeah, Hollywood, Coral Springs, Davie, and Boca Raton to create robust estate plans that stand the test of time.