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2. I Live in Florida. Do I Need a Living Trust or Will (Or Both)?

   www.aol.com/live-florida-living-trust-both...

   The post Differences Between a Living Trust and a Will in Florida appeared first on SmartReads by SmartAsset. A last will and testament is a basic building block for establishing an estate plan.

3. Life estate - Wikipedia

   en.wikipedia.org/wiki/Life_estate

   The intestacy laws of certain American states, limit the surviving spouse's rights (inheritance) to the deceased spouse's real estate to a life estate. Louisiana, applying civil law, has a similar default provision in intestate successions called a usufruct, which is only over community property and ends with the earlier of death or remarriage.

4. Letters of Administration - Wikipedia

   en.wikipedia.org/wiki/Letters_of_Administration

   As outlined by the Cornell Legal Information Institute, "The letters authorize the administrator to settle the deceased person's estate according to the state's intestate succession laws. Banks, brokerages, and government agencies often require a certified copy of the letters before accepting the administrator's authority to collect the ...

5. Uniform Simultaneous Death Act - Wikipedia

   en.wikipedia.org/wiki/Uniform_Simultaneous_Death_Act

   The Uniform Simultaneous Death Act is a uniform act enacted in some U.S. states to alleviate the problem of simultaneous death in determining inheritance.. The Act specifies that, if two or more people die within 120 hours of one another, and no will or other document provides for this situation explicitly, each is considered to have predeceased the others.

6. Is a Living Trust Really the Best Way to Pass an Inheritance ...

   www.aol.com/living-trust-really-best-way...

   An attorney can also help you understand the costs of setting up a living trust, which are apt to exceed those of a standard will. And depending on your circumstances, the extra expense may not be ...

7. Advancement (inheritance) - Wikipedia

   en.wikipedia.org/wiki/Advancement_(inheritance)

   Advancement is a common law doctrine of intestate succession that presumes that gifts given to a person's heir during that person's life are intended as an advance on what that heir would inherit upon the death of the parent. Not to be confused with an advance of someone's expected distribution from an estate currently in probate.

8. Administration (probate law) - Wikipedia

   en.wikipedia.org/wiki/Administration_(probate_law)

   Upon the death of a person intestate, or of one who left a will without appointing executors, or when the executors appointed by the will cannot or will not act, the Probate Division of the High Court of Justice or the local District Probate Registry will appoint an administrator who performs similar duties to an executor. The court does this ...

9. What happens if your life insurance beneficiary dies before you?

   www.aol.com/finance/happens-life-insurance...

   Using the same scenario with three beneficiaries (A, B and C) set to receive a $300,000 death benefit, if beneficiary C dies, the death benefit would now be split equally between the two remaining ...