Blended families are becoming common across the U.S. and Florida, with 50% of families falling into this category. Blended families can make estate planning complex for those who are trying to protect their children's inheritance. Estate planning will help remove the...
Wills
Florida high-net-worth estate planning guide
Accumulating wealth is not an easy task in Florida. But, when you finally build something worthwhile, it's essential to take the necessary steps to protect it. And that brings us here: the different methods a high net worth individual can create an estate plan to suit...
Utilize an estate plan to ensure your newborn is protected
While it can be critical to oversee your child and support them through the early stages of their life, keeping your family's financial future secure is also essential when you're a new parent living in Florida. Using an estate plan to provide this protection is an...
What happens if you get named a personal representative in Florida?
If you are appointed as a personal representative in a will in Florida, it is important to understand what this means for you. Keep reading to learn more about your fiduciary duties and responsibilities. A personal representative in Florida A personal representative...
How to approach your parents about estate planning
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...
The key differences between wills and trusts
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...
How to choose an agent to act on your behalf as a power of attorney
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...
How does someone organize digital assets in an estate plan?
Even those Florida residents who may be ambivalent towards technology find themselves using online and digital tools. Hardware, such as smartphones and laptops, allow users to store information on an internal drive. Storing essential documents, including tax returns,...
Why estate planning is a gift for your family
The death of a family member can be devastating. Having to untangle your financial details without the help of a solid estate plan can make a difficult time even worse and may even put unnecessary strain on family relationships. An estate plan can help minimize your...
Who has standing in a will contest?
Sometimes, wills get contested in Florida. When this happens, the executor as well as the probate court first need to figure out whether or not this individual legally has a right to challenge it. Here’s who typically has standing in a will contest. A beneficiary It’s...
