Category Archives: Estate Planning
How Does Gifting Play Into Your Estate Plan?
Every estate plan contains a space for gifts. Right before someone chooses what gifts to give, and who to give them to, it’s important to understand what gifting is and how it plays into their estate plan. What Is Gifting? A gift is “a voluntary transfer of a benefit without the need for any… Read More »
Setting Up A Trust For Your Pet
A wide variety of advantages can come from setting up a pet trust. Going over these advantages, and speaking with a lawyer regarding your situation, will allow you to determine if you should set up a trust for your pet. What Is A Pet Trust? Right before we go over what a pet trust… Read More »
Are There Any Reasons Why Your Beneficiaries Might Refuse An Inheritance?
Every beneficiary possesses the right to refuse an inheritance. Being aware of why they might do so, and speaking with a lawyer, makes it easier to prevent this from occurring. Are There Any Reasons Why Your Beneficiaries Might Refuse An Inheritance? The answer to the question outlined above is “Yes.” A beneficiary has the… Read More »
Should You Use A Safety Deposit Box To Store Important Estate Planning Documents?
A safety deposit box offers a variety of advantages. But, even though these advantages are present, a safety deposit box also offers a number of disadvantages. Being aware of these advantages and disadvantages, and speaking with an estate planning lawyer, will allow you to determine if using a safety deposit box is the right… Read More »
What Are 3 Reasons Why An Older Estate Plan Might Fail?
A good estate plan is absolutely essential. But, if this estate plan is older, and has yet to be updated, then it may lead to some less-than-desirable outcomes. What Is An Estate Plan? Right before we go over the three reasons why an older estate plan might fail, we must first define what, exactly,… Read More »
What Are The Financial Benefits Of A Durable Power Of Attorney In Florida?
Within the state of Florida, a Durable Power Of Attorney – or “DPOA,” for short – is a document that allows another person to manage your financial affairs. Being aware of what a DPOA allows for, with regards to one’s finances, makes it easier to determine if setting up a DPOA is the right… Read More »
What Are The Two Estate Planning Mistakes That Will Lead To Probate?
Probate serves a function. But, even so, probate also serves to prevent your beneficiaries from receiving their assets in a timely, inexpensive manner. Given the facts above, avoiding probate can, and should, be one of your major estate planning goals. To reach this goal, though, there are two mistakes you must avoid. Why Is… Read More »
How Long Does It Take For A Beneficiary To Receive Their Inheritance?
The exact amount of time it takes for a beneficiary to receive their inheritance is dependent on several factors. Being aware of these factors will make it easier to determine which estate planning decisions are most appropriate for a particular estate plan. What Happens After You Pass Away? Right after a loved one passes… Read More »
How Should You Choose A Trustee For Your Estate?
No matter who you are, or what is in your estate, choosing a trustee is one of the most important decisions that you can make. Given this fact, it is of the utmost importance that you learn how you should choose a trustee for your estate and, in doing so, speak with a lawyer… Read More »
How Can You Amend Your Will?
Many estate plans rely on a will. Every decision, within a will, is of great importance. But, if one changes their mind about those decisions, they can, and should, amend the will. What Is A Will? Right before we go over the ways in which someone can amend their will, we must first define… Read More »
