Category Archives: Estate Planning
Communication Is Key To Reduce Arguments Over End-Of-Life Documents
Nobody wants to think of the day that their loved one passes away. Likewise, not many people want to dwell on the end of their life. However, anyone aged 18 years and over must have some estate planning documents in place to protect their wishes, their assets, and their beneficiaries. And while being proactive… Read More »
What Makes A Will In Florida Legally Binding?
Most people understand that having some end-of-life documents in place is a critical step so that their chosen beneficiaries inherit the wealth they are entitled to. Despite this, so many Americans do not take the necessary proactive actions to put together legal and binding documentation outlining what they want to happen to their estate…. Read More »
Should Beneficiaries Always Be Treated Equally In An Estate Plan?
It would seem practical to think that the best way to put together an estate plan would be with completely equal fairness. When you name beneficiaries and individuals you cherish and love, they should all be treated the same. It would be unfair to give much more to one beneficiary than the other. However,… Read More »
Can Being The Executor Of One’s Estate Mean Potential Legal Trouble?
When it comes to money and wealth issues, people can become quite unpredictable with their behavior, especially if they believe they are being wronged or mistreated. Money can change many things, including making loving relationships pretty contentious ones. This is especially true in the emotional aftermath of a death. If you have been asked… Read More »
Avoiding Probate In Florida – Consider The Alternatives
Probate is supervised by a Florida court, and the process identifies assets and debts that were individually owned by a decedent, while ensuring that the decedent’s assets are transferred to the proper beneficiaries. Probate can be complex as two types of probate administration exist in Florida law: summary administration and formal administration. There is… Read More »
Top 5 Duties Of The Executor Of A Will
In Florida, an executor of a will can also go by the name personal representative. This individual has specific duties with respect to the wealth distribution of an established estate that must take place to formally and officially close the estate under the law. This is not a task that is always so straightforward… Read More »
Updating An Estate Plan After A Degenerative Brain Disease Diagnosis
If you have not yet put together your estate plan or if you have one, it is always a good idea to check in on it every couple of years or as there are major life changes to see if adjustments should be made. Things like marriage, the addition of children, or coming into… Read More »
How Does Florida Tax Large Estates?
If you are planning for the future and how you want your estate and wealth to be distributed to your heirs you likely want to give them the most possible once you pass on. However, if you have a large estate, you have to be concerned about how taxation can impact what is taken… Read More »
Who Should You Give HIPAA Authorization When Estate Planning?
On April 14, 2003, the Health Insurance Portability and Accountability Act (HIPAA) took effect. This legislation governs rules for sharing and allowing access to individuals’ protected health information. Healthcare providers, clearinghouses, insurance plans, and many other entities are now bound to HIPAA rules. Violation of HIPPA rules by those that are under its governance… Read More »
Does The State Pre-Write Wills For Residents?
The term estate planning may sound like a process and action that only the well-off and wealthy need to worry about. This could not be farther from the truth. No matter what age you are and no matter how robust or modest your wealth is, you may have preferences for who you want your… Read More »
