Estate Planning

Everyone is entitled to make an estate plan once they reach the age of majority at 18. Provided they are of sound enough mental condition to know what they are doing, then it’s something they should definitely do as soon as possible. So, why is it that, according to...

Your estate will change when you divorce. You may have sold items such as the house you shared with your spouse and divided other assets between you. You need to update your estate plan to reflect this so that should you die tomorrow, the executor will not get an...

Being called upon to execute someone’s estate can come as a bit of a shock. While you agreed to it, that does not mean you ever expected to have to do it, or that you have prepared. It’s likely that you only now begin to realize exactly what it involves and how much...

The moment you are legally an adult (18 years old), you become responsible for yourself and the significant decisions regarding your life. However, most young adults do not prioritize creating an estate plan because they might think it is only necessary once they have...

A healthcare power of attorney (HCPA) is a crucial legal document that grants authority to someone you trust to make healthcare decisions for you if you become incapacitated – perhaps due to illness or injury – or if you are otherwise unable to communicate your wishes...

Succession planning is a vital element of estate planning for business owners. It involves preparing for the future of your business if something should happen to you. A comprehensive and effective succession plan should allow you to ensure the success of your...

Probate is the legal process in which the court distributes the assets you leave behind after your death. It happens whether you have a last will. The court generally does its best to honor your wishes if you do. If you do not, the court usually distributes your...

The Sunshine State offers more beyond its beautiful beaches and warm weather. Beneficiaries in Florida who are expecting an inheritance are relieved to learn that there is no inheritance tax to pay. Still, there are other taxes that certain types of inherited property...

An effective estate plan protects your loved ones and prepares you for the inevitability of death and the tragedy of mental incapacity. It should thoroughly outline how you want your assets managed when you can no longer manage them yourself. It also dictates the...

Creating a suitable estate plan requires thorough research and goal setting. There are several decisions that a testator has to make, one of which is to decide who will inherit their assets when they die. Normally, individuals choose their spouses, children and other...