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There are several components to an estate plan that you need to think about as you’re getting yours together. Obviously, the primary concern is setting things up so your loved ones can just follow the plan. You need to name someone who will take care of the estate...
Whether we realize it or not, all legal transactions are founded on a contract. When we go to the store and purchase groceries or visit our local hairdresser for a trim, these are legal transactions that rely on contract law. Because of the sums involved in real...
One of the greatest things about estate planning is how it can constantly evolve to meet your needs. For example, you can start with a will and financial power of attorney in your 20s and then add or remove components at each milestone (marriage, children, etc.). The...
You may be interested in using Medicaid if you’re going to be moving into a nursing home. You want the government benefits to pay for your long-term care. You know how expensive this care can be, but it’s also crucial to your quality of life. The problem is simply...
A big part of estate planning is picking guardians for your children. If you are a young parent, you know that your priority is creating a positive life for your children. Even if something should happen to you, you want to make sure that you have a plan in place to...
You are taking measures to modify your estate plan, and the first step is to draft a new will. You have organized your assets and now know how you would like to distribute them. You’re also aware that there are certain people you wish to disinherit. Let's look at just...
Estate planning largely focuses on the division of assets. These assets are divided through the will, placed into trusts, given as gifts or otherwise passed on to the next generation. The estate plan is just a plan for how all of this should take place. This is a good...
You may have had a loved one reach out to you when they created their will or trust. They may have asked you to take on the role of executor of their estate. There may not have been many details discussed but your loved one was convinced you were the right person for...
Whether you have an estate plan or not at the time of your demise, your estate will pass on to someone or some entity. If you die without an estate plan (intestate), Florida laws will dictate how your assets are distributed. However, if you have an estate plan, your...
If you have children and have not yet started working on an estate plan, now may be a good time to do so. Estate planning can protect your children in a worst-case scenario, such as if you and your spouse are killed or die at the same time. There are many ways in...