Morgan Legal Group - Palm Beach Probate and Estate Planning Lawyers

Probate is the legal process of administering a deceased person’s estate. It involves proving the validity of the deceased person’s will (if one exists), identifying and inventorying their assets, paying debts and taxes, and distributing the remaining assets to the beneficiaries.

While a trust can be an effective tool for avoiding probate for certain assets, having a will is still important. A will can be used to address any assets that are not included in the trust and to name guardians for minor children.

A revocable trust can be modified or revoked by the grantor during their lifetime, while an irrevocable trust cannot be changed or revoked once it is established. Both types of trusts have their own advantages and disadvantages, depending on your specific needs and goals.

Asset protection strategies vary depending on your individual circumstances and goals. Some common strategies include creating irrevocable trusts, transferring assets to family members, and purchasing liability insurance. We can help you explore your options and develop a plan that meets your needs.

Yes, you can update your estate plan at any time by amending or revoking your will, trust, or other legal documents. It’s important to review your estate plan regularly and make updates as needed to ensure that it reflects your current wishes and circumstances.

If you die without a will, your assets will be distributed according to the intestacy laws of your state. This means that your assets may not go to the people you would have chosen, and the process of distributing your assets may be more complicated and expensive.

There are various strategies available to help minimize estate taxes for your heirs, such as making annual gifts, establishing trusts, and taking advantage of the estate tax exemption. We can help you develop a plan that maximizes the value of your estate for your loved ones.

A living will is a legal document that outlines your wishes for medical treatment in the event that you become incapacitated and unable to communicate your wishes. It’s essential for anyone who wants to ensure that their healthcare preferences are honored.

The duration of the probate process varies depending on various factors, including the complexity of the estate, the presence of any disputes or challenges, and the efficiency of the court system. In general, probate can take anywhere from several months to several years to complete.

Yes, you can contest a will if you believe that it is invalid for any reason, such as lack of testamentary capacity, undue influence, or fraud. Contesting a will can be complex and emotionally challenging, so it’s essential to seek legal guidance from an experienced attorney.