Protecting
Your Legacy
While most people think about wills or trusts when planning their estates, it is important for them to also plan for the possibility that they may suffer an illness or injury that will leave them unable to make decisions while they are still living. There are several...
Some Floridians might wrongly believe that wills and estate plans are only required for people who are rich. However, all people, regardless of their income level, may benefit by having a will in place. Without a will, the person's estate will have to go through the...
Experts caution that Florida baby boomers must not neglect estate planning as part of their retirement planning. However, people of this age group are not the only ones who tend to avoid these matters. While planning for what happens to one's assets after one's death...
Florida residents may be interested to learn that on March 30, a probate judge ordered attorneys to take eight weeks to sort out issues related to money and property awarded to his widow and three adult children. Attorneys for Williams' third wife say that the...
As many Florida residents may know, setting up an estate plan may be way for an individual to direct asset allocation after they die. With changes in estate tax limits, individuals are able to create an estate plan that is broader, incorporates beneficiaries who are...
Individuals in Florida who are estate planning should keep in mind that how they prepare their loved ones is as important as how they prepare the documents related to their estate. Family members may be unwilling to discuss estate plans, bad at organization or...
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...
While people may have heard of a revocable living trust, they may not be exactly certain of what the term means or how such a trust functions. Trusts may generally be divided into two broad categories, including revocable living trusts and irrevocable trusts....
Based on the results of a nationwide survey, many Florida business owners may not have estate plans. The survey, which asked questions of more than 500 business owners, revealed that only about 70 percent have an estate plan in place. Of those who do not, around 30...
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...