In Florida, there are a number of different ways you can go about managing your assets such that they will be properly distributed after your death. You can designate beneficiaries in a last will and testament, for one thing, and you can also set up a trust. One type...
When people want to ensure their families will be cared for after their deaths or when they are looking to better manage their properties, many Floridians consider establishing trusts. Essentially, this estate planning tool allows people to transfer ownership of...
Although the probate process has a lengthy, costly reputation, Florida offers residents a streamlined form of probate called summary administration. This may be the best option when an estate has few creditors and/or the estate assets are creditor-exempt. Whether you...
Many Floridians are under the impression that as long as they leave behind a will, they can keep their estate from going through probate. Though a will can certainly make it easier to administer a person’s estate, it does not eliminate the intervention of probate...
For those with special needs, as well as those who take care of loved ones with special needs, daily life can be difficult for different reasons. There is often a lot of uncertainty, especially when it comes to financial matters. Fortunately, there are steps that can...
A power of attorney is supposed to be a trusted individual whom a testator appoints to carry out his or her wishes in the event of death or incapacity. This designation gives a person the power to open and close bank accounts, conduct financial transactions, make...
The average age of the population across the country, including here in Palm Beach, is on the rise. People are living longer due to advances in the medical field, which many would agree is a good thing. However, with this comes the possibility of spending the last...
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...
Potential estate planners here in Palm Beach probably already know not to believe everything they hear or read. This applies to revocable living trusts as well. A lot of information out there regarding this useful document could mislead people into either avoiding it...
If you created an estate plan, you are well ahead of many Palm Beach residents. You took the time to plan what you want to happen during trust and probate administration after your death. However, depending on what has happened in your life since you created that...