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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...
Estate planning is an essential part of life planning. It involves deciding how your assets will be distributed after you pass away. While many people understand the importance of estate planning, they often make mistakes that can lead to unintended consequences. ...
A will is a crucial legal document that outlines how an individual's assets should be distributed upon death. It is essential to draft a will that is clear, legally binding, and resistant to challenges to avoid disputes among beneficiaries. In Florida, having a...
The term “estate planning” can seem overwhelming. It shouldn’t be. It simply involves determining what you want to happen to your assets when you’re gone as well as who will make decisions on your behalf if you become incapacitated due to injury or illness and are,...