One of the most important parts of establishing your estate plan in Florida is delegating someone to be your executor. This person upholds the responsibility of distributing your estate in accordance with your end-of-life wishes. A reliable executor will have...
Estate Planning And Probate
What directives do I need to establish when estate planning?
When you create an estate plan, you might receive suggestions about the directives that best serve your needs. Note that you do not need to create all available directives. You can make your decisions based on your unique family situation and personal preferences. The...
A supplemental needs trust may help your disabled child
Americans of all ages use estate planning tools to designate what happens to their assets after death. As the parent of a disabled child, you may also want to use your estate plan to continue to provide care for your son or daughter. You do not want a cash gift to...
Estate planning and long-term care
Estate planning is a long-term process that involves many decades of making the right moves at specific moment's in a person's life. This process includes many complications and complexities, but the final years might hold the greatest challenges. Seniors face many...
How can I ensure my estate plan is effective?
You likely know that you should update your estate plan regularly to adjust it to the changes in your life or finances. You should always work towards an airtight plan that will leave your heirs in a good position upon your death. Forbes explains there are a few steps...
The benefits of preparing an effective legal will
It is important that Florida residents prepare wills as part of their comprehensive estate plans, but few individuals fully understand the power that these testamentary documents hold. A will is more than just a list of property and the names of the individuals who...
How estate planning can help you give back
After many decades spent on this earth, hopefully everyone feels a sense of gratitude. For the kindness and goodwill that brought them to where they are now, happy and healthy, with some bumps and scrapes gathered along the way. As you prepare to put together an...
How do I know when I should update my estate plan?
Estate planning is an important part of life to account for which is why having an estate plan is an essential part of life. Equally important is knowing when to update an estate plan and ensuring it is kept up-to-date once it has been developed. Life is full of...
How does the SECURE Act affect my IRA distribution?
When making estate planning decisions, it is important to keep abreast of changing laws and how they will affect one’s asset distribution. A new law, Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), went into effect at the start of 2020...
Will your estate be taxed?
After working for most of your adult life in Tallahassee to accumulate assets and property, your ultimate hope is that your effort will be able to benefit your beneficiaries. To think about many of those assets being eaten up by taxes can be frustrating. Yet as is the...