Having a proper estate plan in place is vital, even for parties with limited assets. People work hard to establish their assets, and therefore have the right to determine what happens to those assets when they are gone.A proper estate plan must have an instrument in...
Estate Administration
How to remove the administrator of an estate
When a loved one passes away, the aftermath can be confusing and stressful. The probate process can leave you feeling uneasy and impatient. If you do not approve of how the personal representative handles the estate, you may wonder if it is possible to have the...
Is it a good idea to update your estate plan?
Many people who create an estate plan consider it a one-and-done task. But as lives change - as children are born, as new marriages happen, as loved ones pass away - it often becomes necessary to update estate planning documents. When a loved one diesAfter a...
These celebrity estates hide some sobering lessons
In many ways, celebrities are not that much different from everyone else. For example, they may not fully understand the complications that could arise from wills, trusts and probate procedure. For everyday people, especially those with high-value estates, these...
Family inheritance talks make some millionaires nervous
Sooner or later the subject of inheritance comes up in wealthy families. Parents become concerned about how inheriting large sums of money affect their children. A sit-down family discussion is not always the best way forward, and some wealthy parents get the point...
4 grounds for contesting a will in Florida
If you believe the will your loved one created is invalid, you may be able to challenge it in a Florida probate proceeding. However, in order for it to be void, it must meet one of the legal requirements for contestation. Being unhappy with the will's provisions or...
Long-term care: Not what you bargained for?
No one expects a catastrophe to happen. But they do: Car accidents, chronic or terminal disease, dementia. There is no way to tell what the future holds, but planning for it could mean the difference between leaving your kids a headache--or an inheritance.Who pays for...
How do a fiduciary and an executor fit into estate planning?
Everyone should have an estate plan. With sufficient preparation, you can be assured that your effects will be distributed according to your wishes. In addition, you can minimize the taxes and expenses that are incurred when your assets are transferred to your...
Assumptions can lead to estate planning mistakes
Assuming too much or too little can lead to estate planning errors. While estate planning is often based off of assumptions for one's future, making the wrong assumptions can be costly for oneself and one's loved ones. An estate planning attorney can help those in...
Estate planning the right way
While there are many different paths that one can take to achieve something that will ultimately achieve the same end result, sometimes there are clear right and wrong approaches to completing a task. When it comes to estate planning, whether in Florida or elsewhere,...
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