Protecting
Your Legacy
Does credit card debt get handed down when a person dies? The good news is that debt is generally not inherited the same way that a person's assets are when he or she passes away. This means that the son or daughter of someone who has just passed on should not worry...
Whatever stage of life they are at, Florida residents should make sure that their estates are in order. This ensures that their wishes are carried out after death. It also makes one aspect of losing a loved one less stressful for the family. The first step in estate...
One common reason why Florida residents may fail to update their estate plan is because their estate planning lawyer fails to bring it to their attention. While having estate planning completed may relieve individuals and make them feel that an important consideration...
Individuals in Florida who are working on trusts as part of their estate plans need to carefully consider the choice of trustee. This is an important decision because no matter how carefully a trust is designed, if the trustee or trustees do not administer it...
A trust can be an effective way to avoid probate and transfer assets seamlessly to heirs, reduce estate taxes and give a family privacy. However, there are some things Florida residents need to take into consideration before they set up a revocable or irrevocable...
Florida basketball fans have been watching the Donald Sterling debacle unravel. The latest installment in the scandal is that his wife has entered into an agreement to sell the Los Angeles Clippers that is owned by the family trust without his consent. She is making...
Florida individuals who have a high net worth may need additional financial arrangements in addition to the standard estate planning documents like wills and health care directives. Trusts can be a particularly valuable tool for these individuals to use. A trust...
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 residents may have heard that radio legend Casey Kasem's wife reportedly disappeared with him recently amid a family dispute over whether his adult children could visit him. Kasem has been diagnosed with Lewy Body Disease, a type of dementia that worsens over...
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...