When an individual or a group of individuals are granted power of attorney, they are given the authority to manage an individual's affairs. In some cases, the power is limited to a certain action or set of actions. For instance, another person may be granted the...
Month: February 2015
Estate planning issues to know about in Florida
Taking the time to think about estate planning issues now may make it easier to create a plan that meets an individual's needs. When coming up with such a plan, it is important to consider how estate and gift taxes may influence an estate's assets. For example, it is...
Learning from celebrity errors in estate planning
Florida residents who are planning their estates and the disposition of their assets when they die can learn from some mistakes recently made by a few celebrities. In many cases, errors were compounded by the celebrity's unexpected death. The estates of actor James...
Blended families and the importance of estate planning
As Florida residents may be aware, blending two families may come with its own financial considerations in order to provide not only for the new spouse in the future, but also to protect the children of both. Unfortunately, making new arrangements for this protection...