Estate Planning

All About Guardianship in Florida – Types, Establishing, Alternatives

All About Guardianship in Florida - Types, Establishing, Alternatives

Recently, a client asked for help with a family member who held a significant estate, including real property, bank accounts, and other assets. Unfortunately, the family member was suffering from mental incapacity. As a result of the individual’s mental decline, fines were collecting on the real property because of county violations that were not being […]

Tags: , , , , ,

Read more

All About Beneficiary Designations

Beneficiary Designations Explained

Beneficiary designations are a common element in estate plans. We have opportunities to set up these arrangements when purchasing life insurance, setting up retirement plans and bank accounts, and on other occasions. It is a good idea to slow down and think about beneficiary designations. Correctly used, beneficiary designations can be a great convenience that […]

Tags: , , , , , , , ,

Read more

What You Need to Know About Irrevocable Trust Planning

Irrevocable Trust Planning

As perhaps a universal rule, clients desire to retain the flexibility to change their estate plans. Changes may become desirable as family members are born or die, as estates increase or decrease, as desires and objectives change, and as other life events occur. Irrevocable trust planning refers to a subset of estate plans in which […]

Tags: , , , , , , , ,

Read more

How Does Divorce Impact Estate Planning?

Divorce Impacts Estate Planning

Divorce is an unfortunate reality. According to the American Psychological Association, about 40% to 50% of married couples in the United States divorce, and the divorce rate for subsequent marriages is even higher. With this in mind, divorce is often an import part of estate planning. Prenuptial and Postnuptial Agreements The first question in considering […]

Tags: , , , , , , , ,

Read more

What Else Do I Need to Complete My Estate Plan?

Legal Folders and Files

Often, estate planning clients know they need to have a Last Will and Testament and perhaps even a Revocable Trust. Sometimes, however, they may not realize that they also need other documents to complete their estate plan. The simple reason why multiple documents are necessary is because each document has a separate purpose. The Last […]

Tags: , , , , ,

Read more

What Happens If I Don’t Have an Estate Plan?

Clients often ask what will happen if they don’t have a Will and other estate planning documents. Creating estate planning documents allows you to make sure things work out the way you want. Of course, many people never make a Will or other estate planning documents. If you don’t create your own documents, Florida law […]

Tags: , , , , , ,

Read more

Top