Your will is the foundation of your estate plan and where you likely started the estate planning process. This legal document lets you dictate how you want to divide your property after you die. According to the CDC Foundation, while creating your will, you can also...
Estate Planning
3 tips to avoid a contested will
The point of a will is to ensure that the administrator of your estate carries out your wishes after you die. Not wanting someone to attempt to invalidate your will is understandable. Some people attempt to avoid will contests by including no-contest clauses. However,...
What should prompt you to update your will?
A will is a legal document that outlines how to distribute your assets after you pass away, and if you have minor children, it gives you the opportunity to name a guardian. A will is the foundation of an estate plan, but many people have yet to create one of these...
Tips for disinheriting an adult child
When it comes time to craft your estate plan, your first thought likely is not about disinheriting anyone. However, it is not as unusual to do so as you might think. If you are considering disinheriting one of your children, it is important to consider the decision...
Is it possible to sue an executor?
It is typically very difficult to sue an executor of a will, but it is possible in some cases. It is not common: if suing executors were commonplace, it is unlikely that anybody would want to take on the role. In most cases, any lawsuits that third party levies...
How may a special needs trust receive and use assets?
If you have a child with a disability, you may create a special needs trust to provide support after your death. As reported by CNBC, trusts may include money or property used to support a special need while also protecting its beneficiary's income. By naming the...
Do family members make good executors?
Naturally, many people want to turn toward those who know them and their family situation best. In most cases, this is another member of the family. However, a person does not have to choose a family member to serve as their executor. In fact, in some cases, another...
Tips for reducing inheritance conflict among siblings
When you have more than one child, you may need to work extra hard on your Florida estate plan to help ensure fairness and reduce the chances of your children fighting with one another over their inheritance. Inheritance conflicts have the potential to do permanent...
What is a spendthrift trust?
Do you have a child who is financially irresponsible? If so, a spendthrift trust may be just the solution you are looking for to protect him or her from himself or herself as well as from his or her creditors. Florida authorizes spendthrift trusts under Section...
Estate planning considerations for unmarried same-sex couples
Anyone who wishes to protect their assets, interests and loved ones after their death should look into proper estate planning methods. Since Florida recognizes both heterosexual and same-sex marriages equally, the estate planning process for all spouses looks similar....
