It is a reality of life that people think that nothing bad will happen to them. This is why many Florida families end up in a lurch when a loved one ends up incapacitated. This is something that you can plan for ahead of time as part of your estate plan. You can...
Estate Planning
What to consider before creating an irrevocable trust
An irrevocable trust may ensure that you don't lose key assets to creditors, a spouse or other parties. However, it's important to note that you'll effectively lose control over any items that are placed in such a trust. Furthermore, there is a chance that a Florida...
How do you update your estate plan after a divorce in Florida?
Estate planning can be mentally and emotionally exhausting, but it’s necessary. If you’ve already planned your estate, it’s important to keep up with it. A common life event that might require you to update your estate plans is divorce. Depending on how amicable the...
The importance of including digital assets in an estate plan
If you do your banking online, have a social media profile or receive email, you have digital assets within your Florida estate. Therefore, it is important that you account for these assets when creating your estate plan. Doing so may make it easier for your estate...
What should someone know about POA documents?
A power of attorney document might be an essential item in an estate plan. With proper POA authority, a Florida agent could handle the financial affairs of the grantor. The person granting POA rights needs to be mindful of potential limitations to address them. The...
Do you need a trust or a will?
Florida adults know that estate planning is a necessary part of life. Unfortunately, many people get confused about the various terms that are thrown around regarding the topic of estate planning. Two of the most important for people to understand are wills and...
Is a private foundation right for your future generations?
Florida residents who have a high net worth should consider establishing a private foundation. These foundations allow various family members to work together towards a common cause that can create a lasting future legacy for generations to come. If you're not...
Can you legally disinherit a child?
Cutting a child or grandchild out of the will is often a common plot in television shows and movies, but this can occur in real life as well. If you are seriously considering disinheriting a child during your estate planning process in Florida, here are some important...
What is troublesome about handling a will without assistance?
When a loved one passes away, the feeling of grief could prove overwhelming. However, responsibilities may follow the passing of a spouse, parent, or another close relative. If the decedent had a will, and the document needs to go through probate. Attempting to...
Avoiding will contests in Panama City
When you work with an estate planner, he or she will discuss how to ensure that your estate plan does not get tied up in your state’s probate system. Probate is the process where people have the option to contest a will, which can leave your beneficiaries waiting for...
