Category Archives: Estate Planning
Can I Disinherit My Children?
Many parents create their Last Wills and Testaments early – often when their children are still very young. However, times can change – and the child you once knew may not need the inheritance or may no longer seem like someone you want to leave your wealth to. In this situation, you might be… Read More »
Financial Elder Exploitation Is on the Rise in Florida
If you’re worried about your senior loved one falling victim to financial elder exploitation, you have every right to be concerned. Scams, frauds, and swindles are on the rise in Florida and many new victims fall prey every week. Several new senior scams in Palm Beach County highlight just how creative and predatory scam… Read More »
What Are Beneficiary Designations in Florida?
As you explore the various estate planning possibilities, you may come across the concept of a “beneficiary designation.” This can be a confusing concept for many, especially if you’re already familiar with the term “beneficiary” in the context of a Last Will and Testament. However, beneficiary designations and Wills are two separate concepts. When… Read More »
Letters of Instruction: Should I Include One in My Palm Beach County Estate Plan?
If you care about your family’s well-being after you pass, you might want to leave them with more than just assets. You might feel the need to explain your wishes in more detail and perhaps impart some last words of advice or love onto your family members. If this sounds like something you’d like… Read More »
How to Leave Behind Firearms in a Palm Beach County Estate Plan
For many Americans, their firearms represent an important legacy. Many firearms have been held by families for multiple generations, and some are genuine antiques. However, even modern firearms may have special, sentimental value – representing many hours of happy memories. Firearms can be tricky to include in your Palm Beach County estate plan, and… Read More »
Do I Need a Medicaid Pooled Trust in Palm Beach County?
For many elderly individuals in Palm Beach County, Medicaid represents a major priority in the estate planning process. You may be aware that Medicaid has strict eligibility restrictions, as this program is reserved for those with financial limitations. You might also be aware that you can utilize various strategies to qualify for Medicaid, even… Read More »
What Is a Lady Bird Deed in North Palm Beach?
As you assess your estate planning options in Florida, you may come across many unfamiliar legal terms. One phrase that might have caught your attention is “lady bird deed,” and you may wish to learn more about this concept. Although its name is rather unique, this type of estate planning strategy is relatively straightforward…. Read More »
Irrevocable vs. Revocable Trusts in Palm Beach County
If you’re new to the world of trusts in Palm Beach County, you might have come across two different concepts: Irrevocable trusts and revocable trusts. While these phrases might seem complex, they are easier to understand than you might realize. These concepts can be even easier to grasp when you speak with an experienced… Read More »
How Long Does It Take to Create a Will in Palm Beach County?
Although virtually any adult can create a Last Will and Testament, not everyone has time to spare. Younger professionals may be overwhelmed by their careers, and childcare needs can consume all of their time. Even retirees may have busy schedules filled with family gatherings, medical appointments, and vacations. How much time should you set… Read More »
What Is Domicile Planning in Palm Beach County?
Although there are many important aspects of an effective estate plan, your domicile is one factor you shouldn’t overlook. Whether you currently live in Florida or you’re planning a move during retirement, domicile planning could be one of the most crucial steps you take when thinking about the future. What exactly is a “domicile,”… Read More »