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...
Heirs & Beneficiaries
Do parents need a will? Yes, and sooner is better.
When you have kids, life gets busy. Things that you want to do but don't seem necessary often get pushed to the back burner while you deal with more pressing matters.The truth of the matter is that as a parent, you put your kids first. Picking them up from soccer...
Could your loved one benefit from legal guardianship?
When faced with the prospect of a family member being unable to manage their day-to-day affairs, the choice to step in on that person's behalf can be a difficult one to make. Florida law allows for legal guardianship in cases where a loved one is either too young or...
Involving adult children in estate planning may be beneficial
Estate planning -- whether done in Florida or elsewhere -- is certainly a private matter. However, including others in the process, especially adult children, may prove to be beneficial. Unfortunately, family members do end up fighting about the details of estate...
Do not forget to name digital beneficiaries when estate planning
When going through the estate planning process many individuals, whether they reside in Florida or elsewhere, may not think about their digital assets. Even though most Americans live in a world where more things are being done and stored online, few people seem to...
Take appropriate precautions to help beneficiaries avoid taxes
Gifting property in an estate plan by parents in Florida or elsewhere is always done with the best of intentions. There is nothing wrong with a parent wanting to give his or her child property out-right if that is a possibility. However, certain precautions need to be...
Should I designate beneficiaries?
For those in Florida or elsewhere, deciding who gets what after their deaths can be a difficult decision. Some may be afraid of hurting feelings, or they simply cannot decide how they want things divided out. While it is possible for everything to work out in the end...
Estate planning is not just for people with children
When one has no children of his or her own to pass on an inheritance to, it may seem pointless to form an estate plan. This is far from the truth, though. Those in Florida and elsewhere who do not have children to list as beneficiaries will still want to consider...
Protect beneficiaries by keeping up to date on new laws
Those in Florida and elsewhere who have taken the time to meticulously put together their estate plans may be distressed to know that changes in the law can affect how their estate is actually distributed. In order to protect beneficiaries and ensure final wishes are...
Florida estate planning: Elderly marriage and modifying plans
As many Americans are living longer, there has been an increase of late-in-life marriages. With elderly marriage comes quite a few concerns, however, especially when it comes to financial matters and estate planning. Florida residents who find companionship in their...
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