Keep Your Family’s Future Secure
Palm Beach Estate And Probate Blog
Should you modify your estate plan?
When you create an estate plan in Florida, that is not the end of your work. Maintaining an estate plan is more complex than that. You cannot let your estate plan sit unedited for years and years. But when should you look at it? How do you decide if you need to change...
What is the difference between summary and formal probate?
The probate process is a mysterious one for many. Until you have a loved one whose estate you administer, you may not fully understand the reason behind it or how it works. In Florida, there are two ways a will goes through probate court. The path largely depends on...
Should you agree to be a guardian for someone?
If you have close family or friends with children, they may ask you to be a guardian. In your role as a guardian, you will undertake the responsibilities of caring for the children named in the guardianship and providing them with a stable and loving home. While...
Do I need a special needs trust if we do not use benefits?
One of the biggest benefits of a special needs trust is that it helps take care of an individual who receives Supplemental Security Income while not interfering with it. Special needs trusts can also help protect beneficiaries in the event of litigation. However,...
What is intestacy?
Most people are aware that having a comprehensive estate plan in place is very important to avoid potential legal hardship. However, it is also important to understand what will actually take place if you die without a will. A person who dies without a will has died...
What should you know before undertaking a will challenge?
A will challenge can be one of the most acrimonious kinds of lawsuits. In fact, it can tear your family apart. You therefore need to carefully consider whether or not you really want to mount one. Is all the strife really worth it? FindLaw also cautions that you must...
Common estate planning mistakes can cause issues in court
The high number of retirees in Florida does not mean everyone has a will or estate plan in place. Even if a person does have an estate plan, there may have made mistakes that can cause issues once they pass away. Avoiding these common errors in the estate plan can...
Do I need a trust if I have a will?
Everyone thinks a will provides for the future of their loved ones. But a will means probate court plays a role in dividing your assets in ways that may not follow your wishes. That is why you also should consider establishing a revocable living trust. A trust gives...
What are the characteristics of undue influence?
According to Psychology Today, undue influence occurs when an uneven relationship dynamic exists that places an elderly individual at an increased risk for manipulation to the point where he or she acts against his or her own best interests. Undue influence is a...
What types of trusts are there?
Florida residents may wish to have a trust. They have many different uses. There are also many types of trusts that cover varying purposes. Today we will look at some of the types of trusts that are common. First, most trusts fall into two categories: revocable and...
