Category Archives: Estate Planning
It’s Crucial to Prepare a Durable Power of Attorney & Healthcare Proxy
Many people mistakenly assume that if they have completed a will and have an active life insurance policy, that their estate planning worries are over. While it is prudent to make important decisions regarding allocation of personal property and inheritance, it is equally important to prepare for declining health or a medical emergency. Doing… Read More »
Is a Stand-Alone Educational Trust Right for Your Beneficiaries?
Are you in the midst of estate planning for your loved one and are concerned about their educational futures? A 529 Plan sounds attractive, but doesn’t it mean your child or grandchild can only attend specific schools in Florida? How much will college cost in ten or fifteen years? While a 529 plan is… Read More »
What is a Dynasty Trust?
If you conducted a survey amongst your friends and colleagues, you might be surprised to learn that many of them have not spent much time contemplating their long-term planning needs. Many people die without leaving a will or advanced directive, let alone a trust. Still, probate can be a major hassle for loved ones… Read More »
Just How Strictly Must You Comply with Will Formalities?
Creating a will might sound like something you can do easily on your own. After all, there are countless computer programs and websites that exist to help people make their own will without an attorney’s help. However, Florida’s laws regarding the proper creation and execution of a will are unforgiving. There are certain “formalities”… Read More »
Signs Your Trustee Has Breached Fiduciary Duties
Trustees are invested with considerable power when administering a trust. As a beneficiary, you might have concerns about how the trustee is handling trust assets, including whether the trustee is taking unfair advantage of you. At Millhorn Law, our trust administration attorneys in The Villages understand the law of fiduciary duties quite well. We… Read More »
Probate & Partition Actions
When an estate consists of only cash, dividing it between beneficiaries is easy. Unfortunately, most people have other assets which cannot be so neatly divided. In particular, cars and real estate cannot be cut in half; instead, they usually need to be sold. Florida probate law provides for something called a partition action. This… Read More »
How Can You Revoke a Will in Florida?
Life rarely stands still, and many people realize at some point that their current last will and testament does not work for them. For this reason, they want to revoke it. Under Florida law, you can revoke a will using different techniques. However, once you revoke a will, you need to carefully consider what… Read More »
How to Include Grandchildren in Estate Plans
There are many reasons to include grandchildren in an estate plan. For one, you might be afraid that if you only leave assets to your children, they will use them all and leave nothing for your grandkids to inherit. For another, you might want your grandchildren to enjoy the fruits of their inheritance while… Read More »
Can You Amend an Irrevocable Trust?
Irrevocable trusts are an important estate planning tool. Many of our clients realize immediate tax savings by moving assets into an irrevocable trust. However, these trusts have certain disadvantages, one of which is trying to make changes to it. At Millhorn Elder Law Planning Group, our estate planning attorneys meet with many clients who… Read More »
Protecting against Medical Identity Theft
When people talk about identity theft, they often mention how thieves steal a person’s Social Security Number to open a credit card or obtain a personal loan. However, medical identity theft is also a serious problem. At Millhorn Elder Law Planning Group, our estate planning attorneys recommend that our neighbors here in The Villages… Read More »
