When you craft your Florida estate plan, you may pay particular attention to your will. Your will gives you a way through which to dictate who you want to inherit your assets and belongings, but there are limits to exactly what it does. When you have specific estate...
Year: 2021
How do you pick a legal guardian?
When you create an estate plan, a crucial part is to name a guardian for your children in the case of your untimely death. This person will make financial and personal decisions on behalf of a minor, and the court will appoint them into this duty. Thus, it is...
Certain accounts may allow beneficiaries to avoid probate
Individuals may help their heirs avoid probate by naming them as beneficiaries on certain accounts. As noted by Bankrate.com, several types of accounts provide money to beneficiaries as soon as the original account holder dies. Financial institutions generally refer...
How should you handle a tenant not paying rent?
As a landlord, you have the right to receive payment from your tenant. Unfortunately, people sometimes have financial hardships that can impact their ability to pay rent. If your tenant goes without paying for over a month, you may want to talk about your options. The...
What is the cost of a funeral in your estate planning?
When sitting down for estate planning, there are a few obvious talking points: wills, trusts and long-term care arrangements. Most of these logistics focus on making sure the property you earned during your life goes to the people who you want to pass it to after your...
Nursing home residents may be at risk of undue influence
If your elderly parents require round-the-clock care, you may have decided to move them into a nursing home. While you may be able to trust professionals at the facility to provide top-notch care, you probably want to keep a close eye on your parents' estate plan....
How should I talk to my family about estate planning?
Having an estate plan in place is crucial for everyone, regardless of your age or level of wealth. It is equally important to communicate your wishes for your estate to your family, as they are directly impacted by these decisions. By being forthcoming and transparent...
How do you close on a home?
When purchasing your first property - or even a second or third - going through the closing process can feel like a lot to deal with all at once. You may also feel strong and plentiful emotions, as closing on a home essentially equates to crossing the finish line. In...
Steps you can take to help an elderly relative
You know that an older relative or loved one might benefit from assistance in his or her life. This vulnerability could even require an elderly person to live in an assisted living facility or nursing home. Older individuals also face the possibility of abuse from a...
Do you know these home inspection red flags?
You feel ready to buy your first or next house in Florida, and you want to set yourself up for success. To ensure you do not move into a money pit, have a professional perform a home inspection. To help you identify potential problem areas, see what U.S. News &...