Creating an estate plan can take as much or as little time as you want. It all depends on what you hope to yield from formally coordinating your end-of-life affairs. Starting as soon as you can allows you ample time to make thoughtful and informed decisions without...
Thinking of taxes is crucial during the estate planning process
Most people can go through the estate planning process without giving a second thought to taxes. No matter their net worth, the threshold for estate taxes is high enough that it is unlikely to impact them. Yet, whether through hard work, good luck or both, you might...
What to know about challenging a will
After hearing the contents of a will, many family members may want to challenge the document. However, only certain people can contest a will and they can only challenge the document for certain reasons. According to Policy Genius, people can only challenge a will if...
What factors can delay probate?
Probate has a reputation for taking a long time, meaning your heirs must wait to receive their inheritances. However, understanding the factors that can delay probate may help ensure the process goes smoothly. Review these common aspects of probate that lead to time...
How to determine VA benefits for long-term care
Navigating the finances of long-term care presents a challenge to many families. Questions about the cost of care, how long the care will last and how to pay for the care are among the most common concerns for seniors and their families. For many, VA benefits provide...
Who are the main perpetrators of elder financial abuse?
Just like anybody else, the elderly may be victims of abuse. Many varieties of elder abuse overlap with general abuse categories. For example, it is possible for an elderly victim of sexual, physical or emotional abuse. However, there is a unique variety of abuse...
What are holographic and nuncupative wills?
Strong estate plans incorporate an array of tools to protect your interests. Insurance plans, trusts and powers of attorney are all important instruments to set up. But a last will and testament is one of the most effective and essential tools for planning how to...
Signs that your elder parent may need a guardian
You notice the physical symptoms of aging as your parent slows down and develops health problems such as hypertension or arthritis. The signs of declining cognitive function can be more difficult to detect, however. Be aware of the signs that your elder loved one may...
What is a pour-over will?
As the Florida Bar explains, living trusts can be an effective tool to avoid probate, manage your estate and distribute assets after you die. These trusts offer significant estate planning benefits including the flexibility to withdraw funds and modify the trust...
Types of probate in Florida
It is useful during estate preparations that a person understands what will happen after he or she dies. Estates move into probate, but the process may vary depending on different factors. The Florida Courts state there are three types of probate in Florida, but only...
