Category Archives: trusts
Stand-Alone Education Trust Basics
A stand-alone education trust is another popular estate planning tool. With the cost of college and graduate school rising and with college degrees becoming more and more necessary for employment, a stand-alone education trust is something that you may want to think about as you plan for the future of you and your family…. Read More »
Charitable Remainder Trust Basics
A charitable remainder trust is an important estate planning tool. Charitable remainder trusts are a way to support a cause you love while also getting tax benefits for yourself and your heirs. This article looks at the specifics of charitable remainder trusts and gives a brief introduction to the most common kinds of charitable… Read More »
Estate Planning Basics: Pour Over Wills
Pour over wills are an important estate planning tool. This article discusses pour over wills in Florida and their relationship to revocable living trusts. Will Basics A will is one of the most well-known estate planning tools. As you probably know, in a will a person documents his or her wishes for the disposition… Read More »
Basics of Revocable Living Trusts
Revocable living trusts are a common part of elder law and estate planning. In fact, revocable living trusts are one of the most common estate planning tools. Therefore, it is important to have a clear understanding about living trusts, what they are, and what they do. Important Definitions Talking about trusts is sometimes like… Read More »
What Are Advance Directives?
As we get older there are a lot of things that we need to start considering. One thing that we need to make sure we have completed are our advance directives. People of all ages should complete their advance directives and make them available for their loved ones and medical professionals, but this becomes… Read More »
How Everyday People Can Maximize the Benefits of Life Insurance
If you are like most Americans, your heirs are probably not going to be greeted by a bank president upon your death. They may not inherit billions of dollars in an offshore trust. However, trusts are not just for the wealthy. There are some clever tricks that everyday people can use to ensure their… Read More »
Using Trusts to Provide for Minor Children and Disabled Adults
Most people worry about providing for their children after death. Wills and trusts offer unique vehicles through which people can provide financial security for future generations. However, for those with disabled adult children or minor children, there is the added concern about who will care for those children and how. Some of the big… Read More »
Why Having an Estate Plan is Not Enough: The Top 3 Things You can do to Protect Yourself and Your Heirs
From Anna Nicole Smith to Archie Bunker, there have been dozens of high profile celebrity probate disputes in the past two decades. Many of these legal battles center around abuse, neglect, or poorly drafted legal instruments. Often, these cases also involve nontraditional family arrangements and late life marriages. When Anna Nicole, 26, married J…. Read More »
Spendthrift Trusts not Just for the Wealthy
Research tends to show that people who come into large sums of money often burn through it pretty quickly. Consider these examples of people who won millions only to have their lives completely deteriorate. From drugs and lavish lifestyles to reckless gambling and ruined marriages, new money can be a very dangerous thing to… Read More »
When Families Fight in Probate Court
In a world where elder law attorneys seem to make more money representing feuding siblings than from providing skilled preventative advice to seniors, it should come as no surprise that probate has become one of the most controversial and contentious areas of practice in recent years. Will contests, trust disputes, and adult children fighting… Read More »
