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...
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...
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...
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...
A will is a central feature of any estate plan. Without one, survivors lack instructions on the desired distribution of assets. A will also might contain information on guardianship and how to handle incapacitation. For these reasons and more, they are critical....
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...
Probate is a necessary process after a Florida resident passes away to make sure their assets are properly accounted for and that their wishes are carried out to the best of the state's ability. While the goal is to make it as easy as possible, things in the estate...
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...