A common misconception about estate plans exists that perpetuates the notion only the rich and elderly need to create them. However, experts continue to come forward, insisting that estate plans can benefit anyone. In particular, this holds true for anyone who owns...
Protecting your assets in Florida
If you are a property owner who is leasing to a third party, you may have concerns about your responsibility for accidents that may occur on the property. Asset protection planning may enable you to safeguard your property against liabilities for injuries sustained on...
Long-term care services and Medicaid in Florida
Medicaid in Florida has special services available for people of the age of 65. There are special requirements a person must meet to get these benefits. According to the Agency for Health Care Administration, qualifying for long-term care benefits also means...
How to include online information in an estate plan
You probably store financial information or other vital data on your computer, a hard drive or perhaps in a digital cloud. With passwords and other security, you may feel good about keeping your data secure. But after your death, your estate executor may need that...
What should an estate plan include for a second marriage?
Most people go into marriage assuming that theirs will last, but there are times when divorce is the best solution. Second marriages are very common, but they bring with them issues related to blending families and estate planning. If you already had an estate plan in...
Ancillary probate: How to reduce costs for your family
Do you live in a Florida home for part of the year but have residency in another state? If so, the administration of your estate may become expensive and complex upon your death. Family members and your personal representative might have to pay additional fees and...
Why is time important for an executor?
As you choose someone to be the executor of your estate, you probably are thinking of the various qualities your pick should have. People want their executors to be loyal, ready to carry out their wishes, and also capable of handling the tasks of the position. In...
What should I know about a qualified income trust?
If you anticipate that someday you or a family member will need coverage for costs such as nursing home expenses, you should take a look at your income. You may not earn enough to pay for your long term care but your income is too high to qualify for Medicaid. This...
Estate planning myths you should understand
Although you might not realize it, you need an estate plan. This plan covers everything from your long-term care to what you want to happen after you die. Unfortunately, there are a lot of myths that surround this process. Only the ultra-rich need an estate plan You...
Removing the Florida estate tax lien
If you are the personal representative of your loved one's estate, there are many issues you need to take into consideration. You likely need to think about the distribution of assets among beneficiaries and could have to take other inheritance-related matters into...
