Estate planning remains a controversial topic for many people in Florida. While most understand the benefit of having a will, few actually follow through in drafting one. Indeed, according to information compiled by Gallup, only 46% of American adults have a will. The...
Firm News
Can you face lawsuits for mismanaging an estate?
When someone names you the executor over his or her Florida estate, you may feel both honored and stressed about the responsibility that comes with the title. Serving as someone’s executor takes time and effort. You also need to be sure to cover all your bases when...
How can asset protection benefit me?
Asset protection benefits your heirs as part of the estate planning process, but it can also benefit you now. You can protect your liquid assets, real estate, personal property, and retirement accounts through asset protection planning. What are examples of asset...
How may titles on properties and assets affect probate?
Properties of deceased individuals in Florida generally require probate so that the court may legally transfer ownership to heirs. Even without a will, however, an individual that you listed as a beneficiary on a title, deed or contract may forgo probate, as noted on...
Should I choose co-executors to manage my estate?
The task of administering your estate following your death is an important job. You want your heirs to receive their inheritance without any delays, but you worry that your executor might not be up to the task. Some families decide that picking co-executors to oversee...
Should you create an estate plan after a house purchase?
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...
