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...
Wills
How to select an executor for your will
As a new calendar year gets set to begin, many people in Florida may want to take the opportunity to review not only their resolutions but also their estate plans. Whether creating an all-new estate plan or updating an existing one, giving careful consideration to the...
3 things to know when contesting a will
When a loved one dies, your first thoughts are usually not about his or her estate. However, as time goes by, you will have to focus on estate matters. If you discover the will he or she left behind does not make sense to you and what you knew about the person, you...
Does a DIY will have any disadvantages?
Once you get married or decide to have children, you more than likely think about how you need to protect your spouse or your children if you were to die suddenly. Of course, estate planning is never easy to think about, so you keep putting it off. But then you have a...
Estate planning tips for same-sex couples
Estate planning is a necessary undertaking for any couple. Each couple has unique circumstances that require different considerations. Finances, family dynamics and personal goals may impact how you plan your estate. As a same-sex couple, your sexual orientation...
Divorce, wills and other estate-planning documents
Divorce is a time of many changes for those going through it, whether here in Palm Beach or elsewhere. With numerous tasks to attend to prior to the conclusion of the divorce process, it can be easy to forget that any wills and other estate-planning documents probably...
Wills can either help or hinder the administration of an estate
Many in Palm Beach and across the country were saddened by the recent death of music legend Aretha Franklin. It's surprising that someone of her status and wealth did not even have a will. Without at least that document, the administration of her estate will likely be...
Only certain people can contest wills
After the loved ones of Palm Beach residents pass away, the task of wrapping up the estates of the deceased begins. If wills exist, these documents are then filed with the court and probate proceedings begin in most cases. Once a particular will is examined, someone...
Wills are not set in stone
Some Palm Beach residents are under the impression that, once they execute an estate plan, they cannot ever change it. Fortunately, wills are not set in stone. One of the best things about estate planning is that it can change as people's lives do. When an estate plan...
Naming the right people in wills
With all of the decisions that Palm Beach residents make when planning their estates, one could make or break the entire thing -- the people appointed to carry out their wishes. Most of the documents that make up an estate plan require the designation of one or more...