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August 2015 Archives

Leaving instructions for heirs

When considering estate planning in Florida, wills and trusts are two kinds of legal tools that may help one when leaving behind things for heirs. A will is the basic document that lists who will receive property and assets, but those who want more control when distributing an estate might want a trust.

Estate planning for younger individuals in Florida

It is not uncommon for people who are younger to not worry about estate planning. Aside from the fact that many people do not want to think about their own passing, younger individuals may assume that estate planning has nothing to offer them. However, the process is not just about leaving people money or real estate.

Common estate planning mistakes

Many people in Florida neglect their estate plans and fail to consult a professional about the little bit of planning that they do. As a result, many people make crucial estate planning mistakes that have a negative effect on the next generation. According to a CNBC survey, about 38 percent of people who own over $1 million in investable assets have not asked a professional for help with their estate plan.

Estate planning for married same-sex couples

Traditionally, same-sex couples in the state of Florida have faced many hurdles when it came to taxes and estate planning as they could not marry. However, the Obergefell decision cleared the same-sex couples in all states not only to get married but to also have the same benefits as heterosexual couples when it comes to inheritance and estate taxes.

Organizing estate planning documents in a digital archive

Many people in Florida avoid discussing end-of-life issues with their financial adviser or attorney because they do not like to think about death. Although the topic of estate planning can be uncomfortable for some, it is important to organize an estate plan for the sake of family members. When a person dies without an estate plan in place, family members could face a number of obstacles while they are trying to fulfill their loved one's final wishes.

Protecting Your Legacy
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