Florida is now home to the country’s fastest-aging population with Alzheimer’s dementia. By 2025, a projected 720,000 senior Floridians will have this brain disease. Although often used interchangeably, Alzheimer’s is the leading cause of dementia. On the other hand,...
Thanks to the prevalence of the internet, online scams can be found everywhere. While most are easy to spot and avoid, they can still fool more senior individuals, popular targets for cyber fraudsters. Such was the case with a 74-year-old woman from Hilton Head, SC,...
When creating the terms of a trust, we usually consider present circumstances and existing assets. For instance, we include beneficiaries thinking they would still be in our lives by the time of the trust’s execution. But unforeseeable events can force you to change...
Death is an inevitable occurrence that neither you nor your loved ones will ever be ready for. But while you cannot minimize your family’s grief in case something happens to you, you can prevent creditors from manipulating them into paying your debts and other...
Florida values elders and considers them vital members of society who deserve respect. However, the older people get, the more vulnerable they can be. They may experience maltreatment in various forms. Fortunately, state law has provisions legally protecting elders...
Estate planning is when you create a formal and legal plan for managing and controlling your estate after you pass or if you suffer severe incapacity. Here are the basic steps you must take to indisputably go through the estate planning process. Identify all your...
When you receive an inheritance in Florida, it is essential to know whether or not you need to pay taxes on that inheritance. In general, Florida is a tax-friendly state when it comes to inheritances, but understanding the specifics can help you plan for any potential...
There is more to creating an estate plan than writing a will or creating a trust. While those documents are essential for determining what happens to your estate after your death, there are additional documents to include in an estate plan that can be beneficial...
A will is a document that stipulates how your possessions and assets should distribute among beneficiaries after your death. A trust is a fiduciary arrangement that allows a trustee to manage and hold assets on behalf of beneficiaries. While a will does not become...
When you create an estate plan and write a will, you name an executor to oversee your estate when you pass away. When deciding who to choose as the executor of your estate, you should consider what the responsibilities of an executor are before making any decisions....
