Category Archives: Estate Planning
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 »
How Can Blended Families Manage Their Estate?
In the United States, when speaking about a family unit, that typically means a home with 3.15 people. According to the United States Census Bureau when there are at least two people living in a home that are related by marriage, adoption, or birth, this is a living situation that is considered a family…. Read More »
Why You Shouldn’t Leave Your Estate To The State Of Florida After Your Death
A common misconception about estate planning is that it is only something for the rich to be concerned with. If you do not have many assets, you may not see the need to go through the process of establishing a solid estate plan. You may falsely believe that for your small amount of assets… Read More »
What Is A Lady Bird Deed?
The wealth that you acquire over your lifetime, your money, real estate you own, precious jewelry, cars, and other assets that are in your name can be minimal to substantial. Every person’s assets vary and when one dies all of these things are left behind. Where they go and who receives them is dependent… Read More »
