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...
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Estate Planning
Parents: Understand power of attorney for an adult child
If you are the parent of a teenager about to become an adult, the realization that you lose the authority to make decisions for them when they turn 18 can be unnerving. Who will protect them? What if they need help? While you must relinquish control when your child...
Living together, but not married? Two reasons to get an estate plan.
The number of unmarried couples living together continues to rise throughout the country. Those who have chosen to forgo marriage, either in the short or long-term, can take steps to protect their partner into the future. Why is it important to take steps to protect...
The benefits of having a health historian
Dealing with a health condition can be frightening and extremely stressful, whether you’ve been diagnosed with cancer, heart disease or any disorder that affects your quality of life. But advances in treatments and medications allow many people to live long and...
How does inheritance work for minor children when parents die?
Young parents are wise to put together an estate plan. Parents who are not quite convinced of this need may find the incentive they need when they consider how inheritance would work if they did not put together a plan. Without a plan, state law goes into effect The...
How to broach the topic of estate planning with aging loved ones
Writing a will, designating a Power of Attorney and organizing assets is often a very personal process. However, for many children with aging parents, concerns over estate plans are common. Many Florida families may wish to raise the topic with loved ones, especially...
How should I choose a personal representative to handle my estate?
When you create an estate plan, you have to make a lot of important decisions. You decide who you will give your assets to when you die. You decide who will receive your classic car collection or your keepsake jewelry. You decide what your end-of-life care wishes are....
Taxation may not leave inheritances as equal as you think
Creating an estate plan means looking at the minute details of one’s life and assets. You may think that you have an idea of how you want to distribute your assets after your passing. Still, the more you learn about bequests, inheritances, taxation and other important...
Have a conversation before leaving items to family
When it comes to estate planning, it can be easy to get caught up in the assumption that loved ones will be grateful for any and every bit of inheritance passed down to them. While this is often true of financial assets, loved ones may be a bit less apt to take...
How to approach estate planning without children
One of the many reasons people might forgo estate planning is that they do not have any children or other obvious heirs to consider. While this might make people less motivated to plan the future of their estates, estate planning is still important for those without...