The Risks of Creating Your Own Estate Plan
November 18, 2022
Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.
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Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.
A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament.
What do these appointments mean to the person(s) named to act? What happens if they fail or decline to act? Can the planning appoint alternative representatives?
Does a person need a Power of Attorney document if that person already has a Last Will and Testament (‘Will’)? It is a good question.
Estate planning takes a lot of time, but another factor that needs to not be overlooked is having a power of attorney.
It’s easy to overlook an important task after a spouse or other loved one passes away – like retitling assets. It’s a little thing with big ramifications. Follow this checklist to help make a challenging time less confusing.
A simple will works for some people, but maybe not for you. Are you in a second marriage? Have minor children? Concerned about fraud? These are just a few of the many reasons to consider a trust.
When preparing estate planning documents, certain beneficiaries may need more protection than others. One particular class of beneficiaries that needs to be intentionally considered is minor children.
As a kid reaches 18, they’re an adult in the eyes of the law. Therefore, your parental authority no longer exists and in turn you can lose access to information.
Upon your passing, the way your assets are distributed and to avoid probate will be based on the type of estate plan you have.
4801 South University Drive, Suite 264/265
Davie, Florida 33328
4801 South University Drive, Suite 264/265
Davie, Florida 33328