by Randy Coleman | Aug 14, 2017 | Estate Planning, Florida Asset Protection, Gun Trusts, Joint Tenants with Right of Survivorship, Tenancy by the Entireties, Tenancy in Common |
People often set up bank accounts or real estate so that they own it in joint ownership with a spouse or other family member. The appeal of joint tenancy is that when one owner dies, the other will automatically inherit the property without it having to go through...
by Randy Coleman | Jul 14, 2017 | Advance Directives in Florida, Designation of Health Care Surrogate, Durable Power of Attorney, Estate Planning, Health Care Power of Attorney, HIPAA, Intestacy, No Will, Wills & Trusts Law |
If your child has reached the teenage years, you may already feel as though you are losing control of her life. This is legally true once your child turns 18 because the state considers her to be an adult with the legal right to govern her own life. Up until your...
by Randy Coleman | Jun 23, 2017 | Disability Planning, Estate Planning, Medicaid Planning |
ABLE accounts allow many people with disabilities or their families to establish tax-free savings accounts that won’t affect their ability to qualify for, or remain on, government assistance as long as the account balance does not exceed $100,000. But ABLE accounts...
by Randy Coleman | Jun 8, 2017 | Asset Protection, Business Succession Planning, Buy-Sell Agreements, Charging Order Protection, Discretionary Trusts, Estate Planning, Family Limited Partnership, Florida Asset Protection, Limited Liability Companies, Premarital Agreements |
Parents who develop an estate plan often do so to provide for their heirs financially. They, like you, want to protect your child’s inheritance from an untrustworthy spouse. Many want to make sure hard-earned assets, family heirlooms, or closely held businesses...
by Randy Coleman | May 26, 2017 | Disability Planning, Elder Care, Elder Law, Estate Planning, estate tax, Guardianship, Living Will, Long Term Care, Medicaid Planning, Nursing Homes, Retirement Planning, Special Needs Trusts, Uncategorized, Wills & Trusts Law, Wills and Probate |
A new book suggests that estate planning and elder care and a loved one’s death are especially important for today’s complex modern families. In Homeward Bound: Modern Families, Elder Care, and Loss, the authors contend that the current approach to estate...
by Randy Coleman | May 22, 2017 | Beneficiary Designations, Designation of Health Care Surrogate, Durable Power of Attorney, Estate Planning, Guardian of a minor child, Health Care Power of Attorney, Non-Traditional Family, Premarital Agreements, Tenancy by the Entireties, Titling of Assets, Uncategorized, Wills & Trusts Law |
Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated and upon your death. One commonly known purpose of estate planning is to minimize taxes and costs, including taxes imposed on gifts, estates,...
by Randy Coleman | May 16, 2017 | Disability Planning, Discretionary Trusts, Estate Planning, Irrevocable Trusts, Life Insurance Protection, Revocable Living Trusts, Special Needs Trusts, Spendthrift Trusts, Trustee, Trusts, Wills & Trusts Law |
Substance addiction is by no means rare, impacting as many as one in seven Americans. Because of its prevalence, navigating a loved one’s addiction recovery is actually a relatively common topic in everyday life. But you should also consider it when working on your...
by Randy Coleman | Apr 17, 2017 | Advance Directives in Florida, Designation of Health Care Surrogate, Disability Planning, Durable Power of Attorney, Elder Care, Elder Law, Estate Planning, Health Care Power of Attorney, Joint Tenants with Right of Survivorship, Living Will, Long Term Care, Probate, Probate Law, Revocable Living Trusts, Trustee, Wills & Trusts Law, Wills and Probate |
No one wants unnecessary court involvement in their life. But without careful and proactive estate planning, chances are that some aspect of your estate will end up being decided there. With proper planning, you can avoid probate and a living probate. Here are two of...
by Randy Coleman | Apr 13, 2017 | Disability Planning, Estate Planning, Executor, Trust Administration, Trustee, Uncategorized |
If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs, but eventually someone, as your successor trustee, will need to step in for you when you are no longer able to act due to incapacity...
by Randy Coleman | Mar 31, 2017 | Asset Protection, Business Owners, Charging Order Protection, Discretionary Trusts, Domestic Asset Protection Trusts, Estate Planning, Family Limited Partnership, Irrevocable Trusts, Limited Liability Companies, Spendthrift Trusts |
Much of estate planning has to do with the way a person’s assets will be distributed upon their death. But that’s only the tip of the iceberg. From smart incapacity planning to diligent probate avoidance, there is a lot that goes into crafting a comprehensive estate...
