Residents have probably heard about the family of Martin Luther King Jr. engaging in legal battles over his estate. The latest battle concerns King's Bible and the Nobel Peace Prize he was awarded in 1964. King's daughter, Bernice King, says she thought about placing...
Florida retirees may be wondering whether a will or a trust is a more appropriate estate planning tool. According to experts, either could be appropriate, depending on the retiree's situation. A trust is a legal tool that holds assets for the benefit of an individual....
Federal tax law changes that went into effect in Florida and across the nation in 2013 have caused upheaval in the way people navigate through the maze of estate planning. While people traditionally used a bypass trust in order pass their wealth to beneficiaries, they...
Florida viewers of the "Fast & Furious" move franchise mourned actor Paul Walker's death in November 2013. However, the media has now reported that Walker's $25 million estate will go to his teenage daughter, according to estate administration papers that were...
Florida remains a popular destination for retirees, and issues concerning senior citizens are treated with importance in the state. A report published on Jan. 20 in JAMA Internal Medicine highlights a growing trend in healthcare where family members are left to make...
Estate planning is critical for people of any age in Florida and around the country. Having a clear plan in place can prevent discontent from brewing between family members. However, it is important that the children of the deceased get to share in the wealth when...
The three trustees of the estate of a deceased Florida artist are now pursuing nearly $60 million in trustee fees. The trustees were friends of late pop artist Robert Rauschenberg, who died in 2008 and left a $600 million estate to a trust which would primarily...
In 2007, the state of Florida became the first state to implement the mandatory arbitration clauses in trust litigation contexts. The process of arbitration is often less costly, more private and faster than prolonged court disputes. Mandatory arbitration has been...
One of the most common, yet potentially harmful mistakes Florida residents can make when estate planning is not keeping their beneficiary designations up to date. Because a beneficiary designation takes precedence over a will, it is important for Floridians to review...
One mistake that many Florida residents make in relation to their estate planning is not keeping these documents up-to-date. In particular, it is not uncommon for individuals to forget to update beneficiary designations. When someone opens an investment account or...
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