• Our Firm
  • Areas of Practice
    • Estate Planning
    • Probate & Trust Administration
    • Private Client Services
    • Corporate & Business Administration
    • Real Estate Services
  • Attorneys & Paralegals
    • Robin A. Lloyd, Sr., J.D.
    • Emily Helmick, Esq.
    • Brenda Lloyd, CP, FRP
    • Tiffany Coleman
  • News
  • Community
  • Contact

Call us 772-234-5500

Find us on Map
info@rlloydlaw.com
Robin Lloyd & Associates, P.A.Robin Lloyd & Associates, P.A.
Robin Lloyd & Associates, P.A.Robin Lloyd & Associates, P.A.
  • Our Firm
  • Areas of Practice
    • Estate Planning
    • Probate & Trust Administration
    • Private Client Services
    • Corporate & Business Administration
    • Real Estate Services
  • Attorneys & Paralegals
    • Robin A. Lloyd, Sr., J.D.
    • Emily Helmick, Esq.
    • Brenda Lloyd, CP, FRP
    • Tiffany Coleman
  • News
  • Community
  • Contact

Choosing a Personal Representative for your estate

Choosing a Personal Representative for your estate

July 5, 2022 Posted by RLA Estate Planning Law, Probate

Many clients want to select a Personal Representative (Executor if you are in other states) based on feelings or sentimentality. For instance, choosing all three children instead of one child, or a brother and sister located in multiple states. This can be problematic for many reasons. Under Florida law, a qualified Personal Representative must be a resident of Florida, or a lineal relative, or the spouse of a lineal relative. There are exceptions and additional statutory requirements. Multiple Personal Representatives can create additional costs for the estate, and can breed conflict. Florida law also requires Personal Representatives to act together. If you anticipate that your beneficiaries will be arguing over assets after your death, it may be best to designate one Personal Representative or a Corporate Personal Representative. Either way, there are additional pros and cons to consider.  Speak with your attorney about selecting a Personal Representative.

-Emily A. Helmick

Emily

Tags: personal representativeTuesday TipsVero BeachWealth Management
0
Share

You also might be interested in

In a Year Full of Uncertainty, Estate Plan Flexibility is Key

Apr 18, 2017

Tax Planners and Clients can learn a lot from the[...]

Business interests

Apr 26, 2022

Business interests are often an overlooked aspect of estate planning.[...]

Trustees and Real Estate Transactions

Dec 21, 2021

One power a trustee may have is to buy, sell,[...]

Leave a Reply

Your email is safe with us.
Cancel Reply

Contact Us

We're currently offline. Send us an email and we'll get back to you, asap.

Send Message
Let Us Consult You | Call 772.234.5500

Our Firm

Robin Lloyd & Associates, P.A. is an established firm handling the legal needs of Vero Beach since July of 1990. Robin A. Lloyd, Sr., a Vietnam War veteran, founded the Firm after practicing as a Partner in the Vero Beach office of a 55-laywer firm headquartered in West Palm Beach since 1974. The Firm represents many Clients, including high wealth individuals, and focuses on several different areas of law including, but not limited to: Estate Planning, Probate, Guardianship, Trust Administration, Real Estate, all areas of Taxation, and Business Law.

Contact Us

  • Robin Lloyd & Associates, PA
  • 5089 Highway AIA, Vero Beach, Florida 32963
  • 772.234.5500
  • info@rlloydlaw.com

Get Social

© 2022 · Robin Lloyd & Associates. Site by Squared Studios. | Privacy Policy

Prev Next