Category Archives: Uncategorized
Trusts: Getting to Know the Basics
A trust is a legal document that dictates how you want the property held inside the trust to be used. In the world of estate planning, for example, a Florida resident might provide instructions for his trust to pay out a certain amount of money to each of his or her heirs. Alternatively, the… Read More »
Essential Estate Planning for Unmarried People
Estate planning is essential for everyone, whether you are married or single, but single people tend to be the ones who are neglected in terms of estate planning advice that you can readily find on the internet. That said, most single people have assets, which they may want to bequeath to various heirs and… Read More »
3 Tips for a Successful Florida Estate Plan
Florida residents will have a lot of things to keep in mind while planning their estates. Some of these things are obvious steps that everyone knows they need to take in creating their estate plans — such as drafting a will and a power of attorney — but others may not be so obvious…. Read More »
When Should I Draft My Will?
Most Americans put off the drafting of their wills for as long as possible, but this is a mistake. Out of all the things on your bucket list, your will should be at the top of the list. Nevertheless, over 50 percent of Americans aged 55 to 64 have not drafted a will, according… Read More »
Will Planning: Dividing an Estate to Prevent Disagreement
It is generally considered that treating children equally in a will is going to prevent the chance of disagreements among one’s children. Therefore, in most estate planning situations, Florida parents will leave an equal amount of money to their children. However, this might be a mistake. If maintaining good relationships among siblings is the… Read More »
Will Planning for Special Needs Children
Most Florida retirees know the importance of will planning for their future. However, there is one set of Florida residents who have an even more pressing need for a well-planned estate, and that is the parents of special needs children. That said, it is important for special needs parents to remember that their special… Read More »
Will Planning: How Secret Are the Contents of a Trust?
No one likes to think about or talk about death — especially when it involves family. However, for some wealthy families, it is also difficult to talk about the extent of their wealth. Some families might even try to hide their wealth from their children through the use of a trust, even when the… Read More »
Mistakes to Avoid When Creating a Will and Estate Plan
Legal matters are rarely “fun,” but if you focus on the benefits that you will received after the legal matter is resolved, then it can be easier to follow through with the process. This is definitely true when it comes to estate planning. No Florida resident wants to think about “death,” but focusing on… Read More »
How to Plan a Florida Estate to Limit Disputes Among Heirs
Over the next several decades, baby boomers are set to leave around $30 trillion in inheritances to the generation that follows them. Considering the great deal of wealth that is expected to change hands, baby boomers are encouraged to plan their estates and wills in an intelligent way that limits the threat of estate… Read More »
Strategies and Questions for Naming Heirs in a Will
The question of who will inherit your assets when you die is a primary part of estate planning and, in some cases, it is the reason why so many individuals put off the task. Indeed, the process of deciding heirs requires a lot of consideration in order to avoid emotional family issues later on… Read More »