Before they start estate planning, many individuals may be under the impression that their assets will simply be distributed to their spouse or other next-of-kin after they die. While that may be the case for some assets and accounts, some may already have named...
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Year: 2020
Are you ready to consider your plans for business succession?
No one wants loose ends causing problems for their loved ones after his or her passing. As a Florida business owner, you may know more than many about how important it is to plan ahead for certain inevitable situations. As a result, you are now considering your...
How much estate planning information should be shared with children?
Clear communication with future beneficiaries, executors and other designatedindividuals is usually considered a best practice when preparing a will. But, is there such a thing as providing too much information during and after estate planning? Privacy concerns and...
Consideration for estate planning with a vacation home
Like most property, a vacation home is both an enjoyable asset and a responsibility. When the owner of a cottage or holiday home passes away, their next of kin may not be able or willing to manage the additional property. Fortunately, Florida vacation homeowners who...
Helpful facts for discussing power of attorney with a parent
Though you are an adult, you know you will always be a child to your parent. As a result, you may worry about how he or she will take it if you broach the topic of becoming a power of attorney agent for your parent. You certainly do not want the role in order to...
Understanding the roles of trustor, trustee and beneficiary
Trusts are a common tool used to organize an individual’s estate. There are many benefits to using trusts, including potential tax benefits and increased control over how money is passed on and utilized. However, trusts also come with their fair share of legal...
What to do with the house in estate administration?
Frequently, the family home is one of the most sizeable assets an individual or couple owns. As such, many Arizona families leave this valuable asset to their child or children. While this is certainly a typical way to pass down an asset in the family, it is...
Numerous tools could help you create a comprehensive estate plan
For Florida residents considering estate planning, it is important that they consider it a process. Creating a comprehensive plan that covers important needs and wishes is not something to do in a single day with a single document. In fact, the planning process can...
Elder law savviness can help protect loved ones from scams
Each year, many elderly people are victimized by scammers and frauds. Some of these frauds, such as those perpetrated by family members or financial professionals, are difficult to prevent or predict and often require elder law professionals to properly prevent or...
Updating an estate plan due to a marriage
Most people in Florida create a plan for their future. For some, this includes creating an estate plan to ensure that their wishes are known in a future in which they are no longer present. While many people may think that the completion of such a plan means they will...