Creating a will is an important aspect of responsible estate planning, but many Florida residents put off this task until it’s too late. Deciding when to create a will can be challenging, and determining when to move forward with your will can vary depending on your...
Estate Planning
A Guide To Spousal Lifetime Access Trusts In Florida
There are several ways you can use to protect and transfer your assets to your spouse while taking advantage of the tax benefits the government offers. One method that's gaining popularity in Florida is a Spousal Lifetime Access Trust (SLAT). Understanding a SLAT A...
Handling Estate Planning Properly If You Have a Blended Family
In Florida, a blended family is a family where one or both parents have children from a previous relationship. This can create unique challenges when it comes to estate planning. If you're in a blended family, there are some important things to keep in mind to make...
Potential Benefits Of A Trust
A trust may be ideal for those who are looking for a convenient way to manage their affairs before and after they pass away. It is typically used in an effort to bypass Florida probate laws, but there are many other benefits to creating either a living trust or an...
Establishing Estate Plans After Birth Or Adoption Of A Child
When adopting or having a baby in Florida, new parents are caught up with the excitement of a new family member. Amid this excitement, many often forget about the importance of providing for the child through an estate plan. Begin with basic needs The best way to...
Liquidating Assets And Nursing Home Eligibility
One of the most surprising parts about getting health care as an older adult in Florida is the process of trying to qualify for Medicaid. Medicaid is the only way to get long-term coverage for skilled nursing facilities and other forms of care, but to qualify, people...
Taking A Closer Look At The Ancillary Probate Process
It's common for Florida residents to leave behind property after they pass away. But what happens when someone leaves behind a property in another state? To solve this issue, an out-of-state property must go through ancillary probate. Here's a closer look at the...
Tips For Choosing An Executor For Your Will
The job of an executor in Florida is complex and demanding. This person will be responsible for initiating the probate process, notifying your family, relatives, and creditors of your death, paying taxes and other expenses you might have and distributing assets to...
Long-Term Care Planning Reduces Stress On Your Older Family Members
Long-term care is a vital issue for Florida families. Concerns about nursing homes and assisted living communities have people carefully considering their options. Costs are a significant concern because elder care is expensive. Senior care can burn through savings...
Legal Procedures For Determining Incapacity
A person in Florida who lacks the ability to make decisions for him or herself may be granted a guardian. A family court can intervene to determine the mental and physical state of the individual and decide the next step to take. There are certain procedures that the...