Planning for the future may feel like a daunting task. This is one of the main reasons why you may have put off planning your estate until this point. If you have yet to create a will or put together other estate planning documents and you are over the age of 55,...
You may be putting back quite the inheritance for your children, but even a brief time in a nursing home facility could eat all your savings quickly. The Florida Health Care Association reports on 2020 data indicate that you are likely to pay more than $100,000 to...
Previous posts on this blog touched upon the fact that estate taxes may or may not be a concern to Florida residents. While the state does not impose a local estate tax, the federal government does levy a tax against estates exceeding a certain threshold. Per the...
After a family member passes away, the last thing you may expect are calls from debt collectors regarding your family member's unpaid obligations. This may come as quite a shock while you are still in mourning. Fortunately, it is unlikely that you are responsible for...
Landlords may be liable for premises injury just as much as the owner of a business renting out that space. These sorts of lawsuits may be costly and it is in your best interest to make sure any assets you have outside of the owned property. A Florida land trust...
As people age and enter their golden years, they are often vulnerable to different types of abuse; however, one issue, known as elder financial exploitation, is often overlooked. The National Adult Protective Services Association notes that there are several different...
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...
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...
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...
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...
