Putting together a comprehensive estate plan is the best way to ensure your beneficiaries inherit property and wealth according to your current wishes. However, if you are not careful, your family may fight over the estate. Probate litigation may turn your heirs...
Individuals in Florida who are estate planning might wonder how they should divide up their assets among their children. For example, if their children have different income levels and needs, they might wonder whether they should leave less for the more secure child...
An estate plan could fall apart if a beneficiary form is not filled out properly. For instance, failing to update a beneficiary form could result in a first spouse or deceased relative receiving assets. If a beneficiary passes on prior to receiving assets, a judge...
When individuals are deciding who will inherit from their estates, it is important to consider a series of questions. The first question to answer is how much should go to heirs and how much should go to charity. Once that ratio has been determined, it may be...
Most Florida residents are aware that a drafting a will is a prudent step to take. A will can help to reduce tax exposure and ensure that heirs receive as much of an estate as possible. However, many people do not realize that retirement accounts, such as IRAs and...
Florida individuals who would like to provide their children with an inheritance have several methods to consider. With estate planning, they can make their wishes well known. In some situations, parents may wish to provide inheritances of different amounts to their...
Florida residents who own special collections may be interested in including them in their estate plans. Leaving a collection to one or more heirs may be included in a last will and testament. However, there may be benefits in giving away beloved items while an...
Many Florida residents who have accumulated wealth hope to pass their fortunes down to their children and grandchildren. They are often concerned, though, that the money will be used wisely. One way for a person to ensure that their money they worked so hard for is...
When a Florida parent believes that one or more children deserve a larger stake in his or her estate, they may decide to wait until their death before communicating this information. The parent may showcase what may be considered favoritism in his or her last will and...
Say you want to do what most estate planners in Florida want to do: leave your assets to your chosen heirs and beneficiaries with as little tax liability and probate friction as possible. Unfortunately, what happens in many cases is that unforeseen incidents in...
