An estate plan is one of the most important legal documents you can ever prepare. With a valid estate plan in place, you can rest assured that your wishes will be honored if you are incapacitated or when you are not around to speak for yourself. For your estate plan...
Jacksonville Estate Planning And Elder Law Blog
What is the difference between an heir and a beneficiary?
When creating an estate plan, people are generally leaving their assets to heirs and beneficiaries. These groups may have some overlap, but there are some key distinctions between the two. To start with, heirs are direct descendants of the deceased. This term is most...
What is the Alzheimer’s Disease Initiative?
Alzheimer's is a severe condition that often sets in with age, affecting seniors. Florida acknowledges that it could impact a significant part of the state's population, prompting the local government to establish the Alzheimer's Disease Initiative (ADI). This respite...
When should you update your estate plan?
One thing that is clear about estate plans is that they do need to be updated. Simply writing the plan and then forgetting about it means that it could be outdated when you pass away. But when should you update it? There are two main ways to address this, both of...
FAQ about Florida estate planning for business owners
In Florida's dynamic business environment, many entrepreneurs dedicate themselves to building and expanding their businesses. As a business owner in the Sunshine State, you need to protect your business's future and guarantee its continuation after your death. Owning...
4 reasons you might want to avoid the probate process
Probate is a process in which the court distributes a person’s assets after death. The process might provide some protection for the decedent’s assets, and it might discourage disputes among potential heirs. Despite these benefits, there are several reasons you may...
The difference between probates with and without a will
A will plays a significant role in probate proceedings. The document will determine the distribution process, the handler and the inheritors. If you are an interested party in a Florida probate, here are the things you should know about the probate process of willed...
3 powers a trust gives you that a will does not
Your Florida estate plan might include any number of different components, and some possible inclusions may give you more power than others. For example, while a will is a key part of any estate plan, there are limits to what a will enables you to do. According to...
When are guardianships necessary?
In some situations, individuals might be unable to make legal decisions. It usually happens when they have health conditions that cause an incapacity to exercise their legal rights, especially about matters regarding their property. Fortunately, the law has provisions...
An aging Florida: Are you prepared with a dementia care plan?
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,...