One of the most common estate planning mistakes is the use of boilerplate documents. People believe that they can simply download a will from the internet and then add a few details about themselves and their assets. While that approach may work in some circumstances,...
Estate Planning And Probate
Including cryptocurrency in your estate plan
Cryptocurrency has become a big deal in today's world, and it's changing how we think about money. As more people invest in digital currencies like Bitcoin and Ethereum, they also need to think about what happens to these assets when they're no longer around....
What a Lady Bird deed is and why you might need one
A Lady Bird deed is a legal instrument used in estate planning. It is also known as an Enhanced Life Estate Deed. People use it to transfer property while retaining certain rights during the grantor's lifetime. This unique type of deed has gained popularity among...
4 FAQ about probate
In Florida, the probate process is a legal procedure that ensures the orderly distribution of a deceased person's assets and settles any outstanding debts. It can be a complex and lengthy process, involving various steps and requirements. 1. How do I initiate probate?...
Essential elements to include in your estate planning documents
Embarking on the journey of estate planning is a wise and caring step toward securing your family’s future. Sometimes, clients who are eager to get things done quickly forget to include crucial details when preparing their documents. To ensure you don’t miss a beat,...
When is the right time to start estate planning?
Estate planning often takes a back seat in people's lives. In fact, Caring.com conducted a poll in 2023 and found that people 55 years old and higher were the group most likely to have an estate plan in place. The estate planning process involves making decisions...
Does probate always follow the will exactly?
Probate and wills are important components of estate planning and inheritance processes. When someone passes away, their will outlines how their assets should be distributed among their heirs and beneficiaries. The probate process is necessary for verifying the...
How to avoid common estate planning mistakes
Estate planning is an important step to ensure your family receives assets according to your wishes after you are gone. However, many people make avoidable mistakes during the planning process. Understanding common mistakes can help you prevent them, which will offer...
How should you discuss estate planning with your elderly parents?
As parents grow older, it becomes increasingly important to have honest conversations about their estate planning. Although discussing these matters can be uncomfortable, having these conversations now can provide peace of mind and clarity for both parents and their...
Selecting the best guardian for your estate plan
When it comes to estate planning, choosing a guardian is one of the most important decisions for the children you leave behind. This person or persons will assume responsibility for minor children and possibly even manage the estate assets until those children reach...