Estate planning can be a difficult but important process. It is difficult because of the amount of work involved and the emotional nature of the decisions you are making, but important because it defines where your assets will go and who will take care of your family...
Protecting
Your Legacy
Florida Legal Blog
Month: November 2021
Qualities to look for when choosing an executor for your estate
Choosing the right executor for your Florida estate ensures they will carry out your wishes properly. Several important qualities can help you make the best choice and narrow down the potential options to the right individual who you can trust as an executor....
Preventing and remedying elder financial abuse
Elder financial abuse is a growing issue. It targets some of the most vulnerable people in society. Knowing how to prevent it and understanding legal remedies can help protect elders' finances. It can also create justice for those harmed. Prevention strategies...
When can problems arise with multiple wills?
If a person has left behind multiple wills, it can form grounds for a contest in court to determine the will that is valid. A major question in this kind of litigation is to find out which will is the most current document and is the rightful expression of the wishes...
5 types of trusts to consider when deciding if you want a trust
Several factors merit consideration to ensure a trust aligns with your best interests. For example, a trust can serve various purposes, such as asset protection, estate planning or charitable giving. Understanding your goals and circumstances will help determine the...
What methods can determine commercial property value?
Buying property for a Florida business involves more complicated questions than purchasing residential real estate, particularly in the area of valuating property. It is not always easy to figure out how much commercial real estate should cost, mostly due to the...
Common estate tax mistakes and how to avoid them
Estate taxes can be complex, but with careful planning, you can minimize the tax burden on your estate and ensure your assets get passed on smoothly to your heirs. By addressing the most common mistakes, you can take control of your estate planning and protect your...
How to transfer assets while avoiding Medicaid penalties
People who help an elderly relative with financial or medical matters may prepare for the older family member to someday get Medicaid coverage for long-term care. However, you should be careful that your loved one does not incur penalties because of the five year...
Why you need a will if you trust someone to follow your wishes
Some people think a will is unnecessary if they trust a loved one to carry out their wishes. However, regardless of trust, a will remains important. It is a necessary tool for protecting your assets and ensuring that everyone honors your final desires. Avoids disputes...
Estate planning changes when a minor child becomes an adult
It can be a time of celebration when your child reaches adulthood. It is also a time for some business. For instance, you should review estate planning documents to ensure they reflect the new circumstances. You can also help your child with their own estate planning...