Category Archives: Estate Planning
3 Myths about Estate Planning
For many people, creating an estate plan is something they never think of doing. To them, it is only something that only the very wealthy have to worry about, or they believe that a simple “do it yourself” will template they find online is adequate. In truth, almost anybody would benefit from creating a… Read More »
Dividing an Inheritance
Many people inherit a parent’s estate equally with their siblings. This often creates problems, especially when the estate has non-liquid assets, such as real estate. Dividing an estate equally between children is a popular move for many parents. For example, there might be three siblings, and the will leaves each a third. Or there… Read More »
Is a Post-Marital Agreement Right for You?
Many people entering their second or third marriages do not view a pre-marital or post-marital agreement as a necessary part of an estate plan. Yet, those with blended families must understand how divorce and death will impact their children. If you have already taken a trip down the aisle, it is too late for… Read More »
What Makes a Good Trustee?
The person who administers a trust is called a “trustee.” This person will have enormous power, so it is important to choose someone who is well qualified for the job. With many inter vivos trusts, the person creating the trust serves as its trustee. But in some situations, it makes more sense to name… Read More »
A Closer Look at Living Wills
A living will is one type of advance directive that makes up part of a complete estate plan. With this document, a client can decide ahead of time what kind of lifesaving treatment he or she wants in the event of incapacity. Many clients are grateful for the control that a living will provides… Read More »
Estate Planning & the Coronavirus
A new coronavirus has caused a global pandemic, and thousands of Americans have already been infected. This virus is a clear threat to The Villages, which has one of the oldest populations in Florida. Now is the time for those without an estate plan to meet with a qualified attorney to discuss their options…. Read More »
Choosing a Caregiver for Your Pets
We have written before about how our clients can provide for their pets through the creation of a pet trust. This trust works basically like any other trust. Our clients deposit money or assets into a trust and designate that they should be used for the benefit of their pets. A pet trust can… Read More »
How to Pass Your Home On: Considerations for Women Homeowners
A recent story in the Orlando Weekly caught our eye. According to one study, when judging female home ownership, The Villages ranked as the #1 metropolitan area in the entire country. The study looked at the ratio of female home buyers to male home buyers and found that in 2018, 406 men purchased homes… Read More »
How the SECURE Act Could Affect You
President Trump’s SECURE Act went into effect on the first of this year. The act, which is an acronym for Setting Every Community Up for Retirement Enhancement, is expected to generate about $16.4 billion in revenue over the decade. In particular, it will generate government revenue by limiting the ability of people to receive… Read More »
New Guardianship Bill Could Protect Florida Seniors
Legal guardians play an important role in the life of our senior citizens. When a person can no longer take care of themselves or make legal decision, then another person can step in and fill that role. In many situations, guardianship involves a spouse or child taking over an elderly person’s affairs. However, anyone… Read More »
