Crafting a comprehensive estate plan is a critical undertaking for any adult. One of the primary goals of this kind of plan is to provide a legal way to pass down assets. One option for passing certain assets along to loved ones after death is a Lady Bird deed, which...
Estate Planning
What traits are important in a person named as power of attorney?
Many people think of an estate plan as how you can pass down assets to your loved ones after your death. However, there’s something else that you have to think about when you’re getting the estate plan together – making your wishes known in the event that you’re...
What is probate and should I avoid it?
Probate is the legal process that happens after a person passes away. A probate court looks at the person’s will to make sure it is valid and oversees the distribution of the person’s assets according to the person’s will. If the person who passed away did not leave a...
Can your will include digital assets?
Most of the time, a will is going to include two different types of assets. First, you have physical assets that the person owns. These are tangible in nature, and may need to be sold or simply given to various family members. Examples include art collections, homes,...
3 occasions when you may want to revise or re-write your will
The will you draft determines who inherits property from your estate and who will care for the people that currently depend on you, such as your minor children or your ailing parents. Many responsible adults create wills when they have people who require financial or...
Should you add a quitclaim deed to your Florida estate plan?
Estate planning is not an easy process. Not only do you have to think about what happens when you die, but you also have to learn about probate law. Taxes, creditor claims and even Medicaid could affect how much of your estate passes to your loved ones and heirs. The...
What happens if you challenge an estate with a no-contest clause?
Disappointments in an estate plan might result from unrealistic expectations. If you always thought you were your mother's favorite, you might have anticipated her leaving more to you than to your siblings. Receiving an equal share could feel unfair in that situation....
Protecting your wishes with a no-contest clause
Creating a will and estate plan is an important part of establishing your wishes for your legacy after you pass away. However, simply using these tools is not always enough to make sure that your beneficiaries do not challenge your will when the time comes. In many...
Estate planning in 2020: Tips and considerations
The coronavirus pandemic has triggered an increased interest in estate planning. From medical professionals that are on the front line fighting the virus to others that have used the change in regular scheduling to prioritize the matter, this push to get a will in...
Precious assets? Make sure they’re accounted for
You have plenty of assets, but you have found that the items you're most concerned about don't truly have that much value. These sentimental items are important to you.Whether it's something like a military award or as simple as your childhood toy, you can still...
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