Asset protection is a critical aspect of estate planning for individuals with substantial wealth or those engaged in professions with a higher risk of lawsuits. It involves actions to safeguard your assets from potential creditors, lawsuits or other unforeseen...
Life is full of curveballs, and they can affect the people you care about. For example, lives can change quickly with an aging parent who cannot manage their finances anymore or an injured relative who cannot make medical decisions regarding their health. This is...
Asset protection is particularly important if you work in an occupation that is at a high risk of lawsuits, although any entrepreneur should consider how to preserve their assets in the event of unexpected litigation. Otherwise, at some point it may be too late to...
Estate planning refers to the process of ensuring an individual’s assets are distributed according to their intention. It is a comprehensive undertaking that enables you to have a hand in handling your legacy and protecting your loved ones when you are no longer...
As you reach the golden years, it is only natural to think of the future and how to ensure your loved ones are provided for after you are gone. Although most individuals put off the idea of creating an estate plan, it is a crucial step to safeguard your legacy and...
Being a personal representative can be a significant responsibility, usually based on the estate's details and size. Their duties can be extensive and tedious, including organizing assets, sorting out the decedent's financial requirements and keeping heirs updated on...
When estate planning, there are several issues that you should be aware of to ensure your estate’s personal representative distributes your assets according to your wishes and that you continuously protect your loved ones’ financial future. Here are some common issues...
Florida has a large and growing senior population, mainly due to its warm climate and friendly tax policies. As people age, the likelihood of needing some form of long-term assistance increases. Long-term care planning is one integral aspect of the estate planning...
When a loved one dies, their estate typically goes through a legal process called probate. Probate involves validating the deceased person's will, identifying their assets, paying off debts and distributing what remains to the rightful heirs. However, this process can...
As you make an estate plan, your main focus is likely curating your estate in anticipation of your passing. You may be considering who would be your executor of your estate and beneficiaries. You may also consider using your estate plan to focus on important matters...
