Choosing how assets should be divided after death can be a difficult decision. When creating wills, many people tend to think of their immediate family members in determining who should be given what item or how monetary assets should be split up. However, with a...
What documents would be useful during estate planning?
Planning for the end of life can be somewhat disturbing to think about; however, not planning can leave loved ones with a mess to work through. Carefully considering and writing down final wishes, determining beneficiaries and deciding how any remaining assets will be...
Estate planning results in desired outcomes
Florida residents may be wondering whether their spouse is able to steal their Social Security payments. When a person is no longer capable of handling his or her own finances, a representative payee can manage the money, but they must use the funds for the benefit of...
Inherited IRAs may no longer be safe from creditors’ claims
Florida residents may be interested in an upcoming Supreme Court decision expected in June. IRA accounts may be treated differently when it comes to inheritance. In some jurisdictions, such as the 8th Circuit, inherited IRAs are exempt from creditors' claims in...
Trusts and asset protection
Many people in Florida who want to leave money to their children or grandchildren may be concerned that the heirs lack the ability to manage it. The benefactor may visualize his or her beneficiaries becoming wasteful or family money ending up in the hands of an...
Some common estate planning mistakes
Florida residents may be interested in an article detailing some of the biggest mistakes that people make when planning their end-of-life personal and financial affairs. Failing to have a plan at all is one error, but there are others that may be less apparent. A...
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...
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...
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...
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...
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