Tag Archives: estate planning
How You Can Modify an Irrevocable Trust
You can likely change an irrevocable trust that no longer makes sense for your situation, whether economically or practically. Common reasons people choose to modify an irrevocable trust include changing beneficiaries, changing trust protectors, changing governing laws, moving the trust to a new state, changing the trustee and minimizing income or estate taxes. There are […]
Why Do People Put Off Estate Planning?
Despite the importance of estate planning for everything from passing down assets to arranging end-of-life care, there’s a significant number of Americans who put off their estate planning as long as possible. Why do so many people avoid estate planning, even if they know how important it is? The following are a few of the […]
Frequently Asked Questions About Do Not Resuscitate Orders in Florida
A Do Not Resuscitate Order (DNRO) is a form the Florida Department of Health uses when identifying people who do not wish to be resuscitated if they suffer an event of respiratory or cardiac arrest. Below are some answers to frequently asked questions we receive regarding the form: Q: Who should use a DNRO? DNROs […]
Simplified Probate Procedures in Florida
In Florida, it’s possible for small estates to take a shortcut through the probate process, making it easier for people to transfer property left by a deceased person to his or her beneficiary. This shortcut could even allow you to transfer large amounts of property, saving you a great deal of time and money. To […]
Arranging Financial Power of Attorney in Florida
If you suddenly find yourself ill or injured and unable to manage your own finances, you will need another person who can come in and assist you. A person to whom you grant financial power of attorney can pay your bills, collect benefits, manage your investments and handle a variety of other financial matters on […]
What are the Regulations for Creating a Will in Florida?
A last will and testament allows you to designate the beneficiaries who will inherit your property upon your passing. If you die without a will, your property will be distributed according to the laws of intestate succession, in which the state handles the distribution of your assets and property. The same could be true if […]
Estate Planning Tips for Same-Sex Couples in Florida
Same-sex couples often have circumstances that require special consideration when it comes to estate planning. Below are a few tips to help same-sex couples make sure they have an estate plan that covers all their needs: Don’t stop at a will: A last will and testament is a necessity, but it is not an end […]
Florida Governor Rick Scott Vetoes Electronic Wills Act
The Electronic Wills Act for Florida was slated to go into effect on July 1. However, Governor Rick Scott vetoed the bill July 26, days before it would have been made law. The act would have allowed for the use of remote technology to help in notarizing and witnessing a last will and testament. It […]
What to Consider When Estate Planning in a Second Marriage
When you’re in a second marriage, your estate planning process may look a little different than it does for couples who have only been married once. Both spouses in a second marriage might already have children from prior relationships. In addition, each spouse may have brought assets into the marriage that the spouse wants to […]
Estate Planning Considerations for Single Parents
Being a single parent comes with many responsibilities that often go beyond what married people experience. One of the biggest sources of stress for single parents is the constant worry of what would happen to their children if they were to pass away or suddenly become unable to raise them. There are several estate planning […]