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A good estate plan includes a variety of different components such as a will, trust, advance healthcare directive and durable power of attorney. An important part of the process, however, is knowing when to update an estate plan. Unfortunately, many people are tend to...
You work(ed) hard to provide your family with a good life and accumulate the assets that you will pass down via your Florida estate plan. You likewise also have tried to teach your children the lessons of financial responsibility. But what if those lessons did not...
When you create an estate plan, you do so with the knowledge that the execution of it will happen when you are no longer around or when you lack the mental capacity to carry out the plan yourself. Because of this, you will have to choose people who will represent you...
At Hathaway Sprague Law, P.A., in Florida, we understand that having an estate plan in place is extremely important before one passes away and leaves those they love behind. However, some people do not realize how crucial having a will or a trust is, and others may...
Estate planning takes more than looking around the house and determining who gets what. Sentimental things are an essential part of the family legacy, but it is also crucial for a parent or both parents to get their estate in order. With help from an experienced...
One of the types of trusts that can be formed as part of an estate plan is a revocable trust. This is a trust that, during the course of your lifetime, you would have the ability to change or revoke. There are many benefits that having a revocable trust can provide....
Probate is more than time-consuming; it's an expensive endeavor that puts more stress on relatives and friends after someone's passing. Unfortunately, probate is relatively common in Florida due to improper estate planning. There are ways to keep probate court out of...
The end of 2018 is closing in fast. The end of the year can be a good time for people to review their various accounts to see what financial position they are currently in and what they can do to help further their goals for the upcoming year and beyond. When doing a...
There are many tools people can use in their efforts to achieve their estate planning goals. This includes trusts. Today, we'll go over one particular type of trust: The testamentary trust. What is a testamentary trust? This is a trust that a person sets up to take...
It appears that it is becoming much more common to not wait to get married to buy a home. It is estimated that, in 1985, around three out of every four first-time homebuyers were married. In contrast, these days, less than three out of every five new homeowners are....