The Florida estate planning process can be basic or highly complex, depending on the value of a person’s estate, as well as other issues, including instructions for asset distribution or other goals an estate owner might have in mind. Instructions for asset...
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Estate Planning
Advance directive is a valuable estate planning tool
When you’re young and strong and healthy, you might not consider the possibility that you could become incapacitated at some point in life. This can happen quite suddenly and unexpectedly, such as if you’re involved in a car accident and suffer a traumatic brain...
When to use a revocable versus irrevocable trust
Asset protection is a core component of the estate planning process. Like many estate owners, you might have assets that you want to keep out of a Florida probate court. To do so, you might consider creating a trust. There are two primary types of trust: revocable and...
Estate planning information your executor will need
While you are still of sound mind, it is time to communicate your needs and wishes to your loved ones regarding numerous issues, such as end-of-life care, inheritance and the representation of your Florida estate. Perhaps you have someone in mind to serve as your...
Things you need to know about Florida estate tax
There may come a time in your life when someone asks you to be an executor of their estate or lists you as a beneficiary in a last will and testament. In either case, you must navigate a process that typically includes signing documents and, as executor, carrying out...
Estate planning: Should you list a house in a trust or will?
When you execute an estate plan, you are taking control of your assets and ensuring the fulfilment of your wishes for final care and burial. Like most people in Florida and beyond, one of your largest assets is likely your home. You might already have someone in mind...
Why add a business succession plan to your estate plan?
If you are a Florida business owner, then congratulations! You no doubt worked long and hard to develop your idea into a dream and then make that dream a reality. Whether you’re in your 30s, 50s, 60s or older, you have probably given thought to what you want to become...
Change your estate plan every 5 years
If there's one thing that's certain in life, it's that nothing stays the same forever. In fact, you might describe living as a series of changing events. If you have passed age 35, 45 or older, you probably have a lot to look back on and can see how your life has...
Snowbirds: The importance of reviewing your estate plan today
Dividing your time between Florida and somewhere else is a great opportunity when you want to escape cold winters in other states. If you are lucky enough to be a snowbird, though, you should consider how this arrangement affects your estate plan. Is it in the right...
Updating your estate plan is crucial in these 5 situations
If you completed an estate plan, you already have a good start on protecting your legacy. However, creating these documents is only one part of the process; reviewing and revising them over time and after specific events is also crucial. Event: Your marital status...