While divorce isn’t something people plan for, it’s important to realize how divorce can affect your finances and your estate. Your estate plan, in particular, will be affected by a divorce because it will likely impact the ownership of assets… Read More
Archive for the ‘Estate Planning’ Category
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Understanding the Role of a Personal Representative
If you find yourself in an estate proceeding, you will hear the term “executor.” In Florida, this role is called the “personal representative,” and the duties are the same. The personal representative is appointed to oversee the administration or probate… Read More
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Estate Planning for Expectant Parents: 3 Things to Consider
Expecting a new child in your family is a significant occasion. There are numerous things to consider, but one thing that might be easy to overlook is how a new child affects your estate plan. Estate planning is essential for… Read More
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Power of Attorney vs. Health Care Proxy
As unlikely as it may seem today, there may come a time when your parents or elder relatives cannot make financial or medical decisions for themselves. This can happen anytime someone is incapacitated and not in a clear state of… Read More
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Is Your Estate Plan As Settled As You Think?
Estate planning is a necessary part of growing older and managing your assets as well as what you leave behind to your extended family after death. However, even if you settled your estate plan in the past, there is a… Read More
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5 Estate Planning Recommendations for People Without Children
While many people who undertake estate planning are also planning for the future of their family, if you are a single or married adult with no children, estate planning can still be beneficial. If you have assets you care about,… Read More
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A Guide to High-Net-Worth Estate Planning
Estate planning can be tricky in any circumstances but can be particularly demanding if you are a high-net-worth individual. Considerations like protecting inheritances, minimizing estate taxes, appointing the best trustees, and avoiding probate are crucial when significant wealth is involved…. Read More
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3 Reasons to Work with an Elder Care Attorney
As you age, it’s critical to consider many factors that must be addressed to ensure that you and your loved ones stay safe and protected in the case of illness or death. For instance, you will need to think about… Read More
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Understanding The New Florida Community Property Trust Law
The notable Florida Community Property Trust Act was signed into law on July 1, 2021, and can have significant benefits for property-owning Florida residents. The Florida Community Property Trust Law allows couples domiciled in Florida to treat assets as “community… Read More
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Don’t Make These Beneficiary Designation Mistakes
A key part of estate planning is designating the beneficiaries for your finances and assets upon your death. It is your responsibility to name your beneficiaries, and if you fail to do so correctly – or not at all –… Read More