Why it’s Important to Make a Will if You Have Children

Tag Archives: BaumannKangas Estate Law

Why it’s Important to Make a Will if You Have Children

While it is always important to have a will in place, it is especially important if you have minor children. Here are just a few reasons why: Guardianship: With a will, you can name who would assume guardianship of your children if you die while they are still minors. Otherwise, if you die with minor […]

The Benefits of Virtual Meetings With Attorneys During COVID-19

During the time of COVID-19, it has become commonplace for attorneys to meet with their clients virtually whenever possible. There have been so many benefits to virtual meetings that it is expected they will continue to be a service offered by many law firms even after the pandemic has subsided. Here are a few examples […]

Digital Assets You Should Handle in Your Will

Today’s wills must account for digital assets as well as physical and financial ones. You can leave behind instructions for any or all of your digital assets in your estate plan, but only some can actually pass through your will. These are assets that you own and have real, value to them. Examples of these […]

An Overview of Co-Ownership of Real Estate in Florida

In Florida, there are three primary forms of joint ownership of real estate/home titles. Let’s take a quick look at each of these three and the pros and cons that come with them. Tenancy in common In Florida, when two or more people hold a title they ususally do so as tenants in common, unless […]

Prenups and Estate Planning Can Overlap

The way prenuptial agreements are used in marriages can result in them having a bit of an overlap at times with estate planning, because these contracts often limit a surviving spouse’s right to inherit property. Every state has laws in place that protect a surviving spouse’s property and inheritance rights. These laws were originally implemented […]

Important Estate Planning Tools for College Students

While most college students who are young adults probably don’t pay a second thought to estate planning, it can be highly beneficial to get some simple estate planning documents in order. The importance of doing so is even greater during the time of a pandemic. Students who are back at campus this fall are  at […]

Writing Your Advance Directives

An advance directive is a legal document you fill out to leave behind instructions for the type of medical care you wish to have if something happens and you’re unable to act on your own behalf.  This ensures your family members and doctors will know your wishes for particular situations, and can act according to […]

The Benefits of Financial Power of Attorney

One of the questions you’ll need to consider as you plan your estate is who you will name as your agent in a financial power of attorney. This person will have the authority to make certain financial transactions and decisions on your half should you become incapacitated. There are a variety of benefits to granting […]

Are There Any Risks Associated with Granting Power of Attorney?

Power of attorney is a designation you provide to a chosen person (your agent) to make certain decisions on your behalf, generally related to finances or healthcare. It is an element of any strong estate plan to ensure your wishes are followed in the event of your incapacitation. But are there any risks associated with […]

What You Can Do to Make Sure Your Grandchildren Get Their Inheritance

If one of your estate planning goals is to leave behind assets for your grandchildren, there are several steps you can take to accomplish this. The most important decision you can make is to have open, frank discussions about your estate planning goals with your adult children. If you want to be certain assets pass […]