Health care directives, also known as living wills, are a good idea for anyone who wants to have a say if they are ever incapacitated by injury or illness, and unable to speak up for themselves. They give you control over medical decisions during a catastrophe, and you need not wait until you are older or in poor health to create one.
It is not necessary for people in Florida to name a family member to be the personal representative of their estate. Also known as an executor, the personal representative is the person or entity charged with administering the testator’s estate after he or she passes away. Under Florida law, a personal representative must either be a state resident, or a parent, child or close relative of the decedent.
Some people in Florida have no Internet presence besides an email address. Others have fully bought into the digital age, and do a great deal of business online. They may also store important documents online, for the sake of convenience.
For most people in Florida, their homes are one of the most valuable things they own. It could also be one of the largest assets passed along in the owner's estate.
Even a seemingly simple estate plan can be more complicated than it seems. One thing that requires a great deal of consideration is who your secondary beneficiaries will be.
While creating or updating your estate plan, it may be worthwhile to take a minute to consider who might step forward to challenge your will after you die. A will challenge is probably unlikely, but it is never impossible that someone will try to get your will tossed out in probate court, due to some complaint.
Long ago, it was common for people to live their entire lives in the same small area, perhaps never travelling more than a few miles away. Today, of course, people tend to travel often, whether for business, vacation or to visit distant relatives.