Florida Estate Planning Blog
Estate Plans Require Preparation for Success
One major misconception is we simply can tell loved ones what we want to happen for the purposes of health or property distribution and family members can ensure that those wishes are followed.
Can I Keep Stepchildren Out of Estate Plan?
Estate planning is nearly always worthwhile but can be extra important when you have stepchildren.
What are the Biggest Blunders with Health Care Proxies?
Everyone age 18 and over should have a health care proxy document signed (think children off to college, and yourself, not just an elderly parent).
What Should Seniors Know before Remarrying?
As the calendar turned to 2023, many of us took a moment to think about resolutions. I want to lose 10 pounds. I want to read things that aren’t just about work. I want to learn how to play pickleball. Or maybe this year I’ll give a relationship another shot. Maybe I’ll even remarry.
When Is Life Insurance Taxable to Beneficiaries?
When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary.
Disinheriting a relative can be done in a Will
A last will and testament is essential for every adult. It establishes one’s wishes for distributing their property, whether real or personal, after death.
Secret about what happens if you have an estate instead of a Trust…
Trusts and estates are the two main legal structures for transferring assets to your heirs and beneficiaries. Each works in critically different ways.
Florida Guardianship
In Florida, the term “guardianship” refers to a legal process where a person is evaluated to determine if they are incapacitated and in need of a legal guardian. To make this determination the Court appoints an examining committee consisting of three members. Of the...
Estate Planning for Different Stages of Life
An estate plan works like the operating system on your phone or computer. It runs in the background. However, it needs occasional updates to keep the plan current.
Estate Plans Can Protect against Exploitation
According to experts, despite increased phishing emails and robocalls, it is far more common for financial exploitation to be committed by people who know the victim, such as relatives, caregivers, neighbors, or ‘friends.’