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March 2014 Archives

How relocation to a new state affects estate planning

Florida residents may be interested in how relocation to a new state will affect one's estate planning documents. Generally, states recognize any documents that are valid in the state in which they were signed. However, there can be some complexities that are unique to individual states. Experts recommend that individuals have their wills and trusts reviewed by an experienced attorney in their new state to see if their documents cover the state's laws and regulations.

Estate planning and digital assets

When it comes to planning end-of-life matters in Florida, people often remember to take care of their wills, trusts, power of attorney and life insurance, but they might not know how to address their digital assets. Because digital information can remain online for years, estate planning should include a way to handle digital property. As with physical and tangible assets, digital information needs to be left in the care of someone who is trustworthy.

Estate planning made easy

Florida residents considering estate planning may be interested to learn about several aspects of this often complex process. It has been estimated that less than 50 percent of the American population has a will. In order to protect the family and existing assets, it may be beneficial to compose a well-designed financial plan to avoid any misunderstandings when the maker of the will is gone.

Estate settlement not always as simple as it seems

Estate administration isn't always a simple matter of the distribution of assets to the heirs. Anyone who has ever served as an executor in Florida is familiar with the numerous steps in between the time the will is created and the actual execution after the testator's death. Even with a small estate and a very clearly written will, unforeseen probate issues and expenses can arise.

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