A person can own many residences but can only have one domicile. A domicile is your “true home,” which you use as your base. Domicile is legally defined as the place where a person has a fixed, permanent home and… Read More
Archive for the ‘Estate Planning’ Category
-
What Happens to Children Accidentally Left Out of a Will?
If you have created your estate plan with your estate planning attorney, considering all the crucial steps and inclusions, you may feel relieved to have accomplished this task. However, some situations may occur after you complete your Will and which… Read More
-
The 6 Most Important Steps in Estate Planning
If you want to have a say in what happens to your assets after you’re gone, estate planning is essential. Estate planning can help you plan for your future financial and medical needs while detailing your wishes for what you… Read More
-
3 of the Most Popular Estate Planning Documents
Many Americans do not yet have an estate plan in place. This is due primarily to the fact that the average person may not be familiar with the common concepts and documents used in an estate plan. Some people may… Read More
-
When Should You Use a Generation-Skipping Trust?
When designing an effective estate plan for your assets and your heirs, there are many trusts you can consider. Each trust is suitable for specific circumstances and desires of the individual and their family. One type of trust you may… Read More
-
Is a Lady Bird Deed Right for You?
In Florida and a few other states, an “enhanced life estate deed” is known as a Lady Bird Deed. With a traditional life estate deed, the homeowner (the grantor) reserves the right to live on the property until their death…. Read More
-
What Are the Best Ways to Make Sure Your Children Inherit Your Home?
For many people, their home is their most significant and most valued asset. They will likely have specific wishes for what happens to their home after their death. In many cases, individuals will want to pass on their home to… Read More
-
Can You Have an Out-of-State Personal Representative?
Many families live spread throughout the country, meaning the person you choose as your estate’s representative may not live in the same state as you. If you are estate planning in Florida and want to select an out-of-state personal representative… Read More
-
Debt After Death: How It Impacts Your Estate and What You Can Do About It
Do you wonder what happens to your debt after you pass away? It’s not something you may want to consider, but it is crucial to incorporate considerations for debt when creating an effective estate plan. When you craft a comprehensive… Read More
-
What Happens to Unclaimed Inheritance?
Estate planning is quite complex, so working with an estate planning attorney is essential as you prepare your Will and other legal documents. You must take every precaution to draw up a detailed estate plan to avoid future problems. One… Read More