Adding trusts to your estate plan can protect your assets and prevent complicated probate procedures. When you incorporate a trust into your estate plan, you must appoint a trustee to administer and manage the trust. While many people first consider… Read More
Archive for the ‘Estate Planning’ Category
-
Estate Planning Services For Every Life Event
If you have an estate plan in place, you know how important estate planning is. An estate plan is crucial for protecting your assets throughout your lifetime and ensuring financial security for your family when you pass away. However, putting… Read More
-
Mistakes to Avoid During Trust Administration
Trusts are popular additions to many estate plans. Trusts can often be used instead of or in addition to a will to distribute assets and wealth efficiently. When a trust is used, the creator of that trust is required to… Read More
-
What Happens When You Die Without a Will in Florida?
One of the reasons many people draw up a will is that they start to worry about what will happen if they die without one. If you die without a will, or “intestate,” in Florida, the state essentially has an… Read More
-
The First Steps for a Newly-Appointed Personal Representative
If you have recently lost a loved one who has appointed you as the personal representative, or executor, of their estate, the responsibilities can feel overwhelming. This is especially true if you are a first-time personal representative who has not… Read More
-
How Divorce Affects Your Estate Plan
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
-
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
-
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
-
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
-
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