If you are thinking about estate planning or already started, you likely have run into the term probate. This is a legal process in court that can devolve into litigation. As a result, the probate process can quickly become a costly and time-consuming process. Plus,...
Estate planning involves crucial decisions, particularly when it comes to protecting and managing assets for individuals with children. Trusts offer numerous benefits, including asset preservation, tax advantages and control over asset distribution. Here are some of...
A supplemental needs trust, also called a special needs trust, is a tool for estate planning that allows a disabled individual to receive monetary support without forfeiting any government benefits they are currently receiving such as SSI or Medicaid. If you're a...
End-of-life planning is emotional for everyone as no one likes to be confronted with their mortality. However, if you have a parent living in Florida who is 65 or older and doesn't have a will or an estate plan, the time to talk to them is now. Consider these tips on...
At a minimum, your estate plan should consist of a will or a trust. In some cases, both may be necessary to help you achieve your estate planning goals in Florida. Take a look at the key differences between the two documents and what they can do to make sure your...
There comes a time in everyone's life when setting up a power of attorney makes sense. That moment is different for everyone. One aspect of the legal document that remains the same for all is the need to select an agent to act on your behalf. How does a power of...
Do you have a family member who has special needs? You can establish a trust to take care of them after you pass. Setting up a special needs trust in Palm Beach, Florida is a complex affair. The steps to do so are easier when you have a professional advisor to guide...
Special needs trusts in Florida give you a way to pay for the care of a child you have with disabilities. Whether you're alive or you have passed away, these trusts operate on the orders you set. In many cases, Florida families choose special needs trusts in order to...
A child or grandchild with special needs is someone who might benefit from the structure and the wealth preservation offered by a trust in Florida. These trusts can be specially designated and designed to protect them and their well-being without blocking them off...
For Florida families of people with disabilities, special needs trusts can play an important role in ensuring that loved ones are cared for. Many people with disabilities must access government programs like Social Security benefits or Medicaid in order to obtain the...
