Florida parents who have children with special needs might want to consider creating a special needs trust to benefit them. Special needs trusts can help to protect the eligibility of people for means-tested benefits for which they are not allowed to have more than a...
Year: 2021
Advanced directives should be part of your estate plan
What is a health care directive? Residents of Lake Mary and other parts of Florida may want to learn more about the health care directive, and the parts that make it up. A living will and a power of attorney are the two kinds of advance directives. According to WebMD,...
Are holographic wills legal in Florida?
When you're making a will, you need to follow the legal requirements for the state where you are making the will. In Florida, there are laws that determine what a person must do in order to create a valid will. You may wonder whether the state recognizes holographic...
Can a trust protect your child’s inheritance from their spouse?
Florida parents who are updating their wills may see things differently than they did years ago. As time goes by, our priorities tend to change, and our families tend to grow. If you want to ensure that your children end up with a sizable inheritance, a trust can be a...
The purpose of a trust in estate planning
If you are at a juncture at which you are contemplating planning your estate, you undoubtedly have a good many questions. These likely include questions surrounding wills and trusts. Among them may be queries surrounding how a Florida trust might be a good fit as part...
The benefits of signing your will
If assets are held inside of your Florida estate at the time of your death, the estate will need to go through probate. The primary purpose of probate is to determine if you have a valid will. In the event that the will is valid, assets will be distributed according...
Do you need a pet trust?
Florida residents who are looking to prepare for the transfer of their assets to their beneficiaries may be advised to set up a trust. Many people who have undergone the estate planning process are familiar with last will and testaments and living trusts. However, a...
Why estate planning isn’t just for wealthy people
Have you been thinking about what will happen to your Florida estate if you're unable to manage it? This question is one many adults have. Many people believe that estate planning is only for wealthy individuals, which isn't true. Instead, planning an estate is a...
3 things you need for proper incapacitation planning in Florida
Many people know the importance of estate planning, but incapacitation planning doesn't get the same attention. It's just as important as estate planning because if you become unable to communicate or manage your assets, your dependents may not have full access to...
When should you update your will?
No one likes to think about what happens when they die, but planning for your eventual passing will make it easier for your loved ones. Not only will be they taken care of, but you'll be able to rest easy knowing that your wishes will be carried out. If your loved...