Jacksonville Asset Protection

Estate Planning

With the hotbed of litigation that is prevalent in Jacksonville, Florida and society today in general, many wealthy Americans are looking for ways to protect the assets for which they have worked so hard. There are several techniques that are available which are discussed on the pages linked below.

Probate:

This is a legal process that usually involves depositing a deceased person's Will with the local probate court, taking an inventory and getting appraisals of the deceased's property, paying all legal debts, and eventually distributing the remaining assets and property. This process can be costly and time-consuming. This process often requires about a year to complete.

In Florida, the amount that an attorney may charge for administering the probate process is set by state law. Regardless of the amount of legal work required to administer the estate, the legal fee is presumed reasonable so long as it does not exceed a certain amount. This amount is dependant on the amount of assets in the probate estate.

Return to: Estate Planning Summary - at Ourednik law offices in Jacksonville Beach, Florida.

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