Recent Blog Posts
Handling Business Interest As Part Of An Estate Plan
Transferring ownership interest in a business can be complicated and require the considerations of how the sale of a business interest will affect multiple aspects of the owner’s life, including estate planning. Business owners in Florida should consider the use of buy-sell agreements in combination with a trust to pass on the proceeds of… Read More »
Digital Assets And Estate Planning
The preparation of an estate plan focuses largely on ensuring that beneficiaries receive property or assets after the person creating the plan passes away. The kind of property people typically consider when outlining their wills or trusts is physical property or money in accounts or that will be paid out in insurance policies. One… Read More »
Revoking A Will In Florida
Writing a will is an important part of estate planning. Depending on the assets owned, a will can be written easily and as long as it meets the legal requirements under Florida law, it will be valid. However, as life changes, a person who writes a will may want to make certain changes in… Read More »
Challenges To Lifetime Gifts And Property Transfers
When a person leaves property to his family members and loved ones in a will or trust, there is always a possibility that someone will challenge the validity of the bequests after the death of the testator. While challenges to gifts to beneficiaries that are distributed after the testator’s death are expected, there is… Read More »
Inheriting Real Estate In A Different State
Owning real estate in multiple states can make good financial sense for some people. However, it can also raise some problems when it comes to estate planning and leaving the out of state property to different heirs. The problems that may arise can be anticipated and taken care of with some planning on the… Read More »
Ademption And Failed Bequests In Florida Wills
Not every person who makes a will remembers to update it following significant changes that could affect the nature of gifts that were bequeathed in the will. Unfortunately, failing to update a will could result in a beneficiary losing out on an inheritance. Generally, a testator may make a general bequest to a beneficiary… Read More »
Trustee Duties When Administering A Trust
After you have decided to take the step to form a trust as part of your estate plan, you will be faced with the question of who to designate as the trustee. The trustee will be responsible for administering the trust, and making payments or distributions to your beneficiaries after you pass away. This… Read More »
Disclaiming An Inheritance
The idea of someone renouncing or disclaiming a gift given to him in a will can sound strange to other people. However, sometimes some people have good reasons to choose to refuse a bequest. One reason a person may want to disclaim an inheritance is to avoid any tax liability associated with inheriting the… Read More »
Using A Reverse Mortgage As An Estate Planning Tool
Reverse mortgages are often viewed by some as a good way to get income later on in life. There is a downside in that a person taking out a reverse mortgage eventually loses the equity in his home; however, there are some benefits to using a reverse mortgage as an estate planning tool. As… Read More »
