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Leaving an Inheritance for Your Children
Setting up a will when you have young children can pose a number of complications. Because they are unable to manage assets on their own, you will need to figure out how to best care for them until they are old enough to assume financial control. For many people, they avoid this issue by simply […]
How Retirement Assets Factor Into Your Estate Plan
In the world of estate planning, coordinating retirement assets is crucial. These days, a substantial portion of a person’s overall wealth can be found in tax-deferred retirement accounts like traditional individual retirement accounts (IRAs), 401(k) plans and 403(b) plans. There are many factors to take into account when considering the role your retirement assets play […]
Already Have a Will? It Might Not Be Good Enough
If you have already drafted a last will and testament with the help of a lawyer, you’ve taken an important step toward ensuring your family’s protection after your death. However, changes in the economic climate within the past several years have made it necessary to revisit the estate planning process with some new factors in […]
Dying Without a Will: Intestate Succession in Florida
Most people understand the importance of drafting a will, and yet they often put it off far too long to the point where they die without one. While this can be stressful for your family, Florida has a number of laws that allow for intestate succession so that your property is passed down to your […]
Is It Time to Revise Your Will? Yes.
Establishing a last will and testament is an important part of good estate planning, but the process doesn’t end there. Many people are under the impression that drafting one will is sufficient, but in reality, life changes often require you to review and possibly revise your will. If your will is not up to date […]
What Is Probate and Do I Want to Avoid It?
Probate is a process used to identify and gather the assets of a deceased person, or decedent. This process is court-supervised and used to pay the decedent’s debts or distribute the assets to beneficiaries. The assets are typically used to pay the cost of the probate proceeding before being applied to debts. The remainder, if […]
Plan for Your Children: Naming a Guardian
In developing a solid estate plan, nothing is more important than choosing the person to raise your children in the event both parents are deceased. Designating a guardian should be one of the first steps in any estate planning process. In national news, the 2012 death of former Beastie Boys member Adam Yauch publicized a […]
More Than Wills & Trusts: Estate Planning for Possibilities
Concerning estate planning, trusts and a last will and testament are usually the first things that come to mind. Although having these documents secured for your family’s future is undeniably important, there are several other vital considerations, such as advance health directives. Advance health directives are divided into three categories: healthcare surrogate designations, living wills […]
Crafting an Estate Plan for Same-Sex Couples
Estate planning, while sometimes complex, is currently the only available tool for same-sex couples to ensure both partners receive what they need if one of them passes away. The state of Florida has a number of constitutional and statutory restrictions that prevent same-sex couples from receiving many of the protections heterosexual couples are able to […]
Drafting Your Estate Plan? Don’t Forget the Cloud
Estate planning is an important process if you want to ensure the assets you’ve built up over your lifetime get distributed appropriately after you pass on. Good estate planning takes a number of things into account, including property, investments, business interests and, increasingly, digital property. Today, an online presence is almost as important as real-life […]