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...
Estate Planning
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...
Mistakes To Avoid When Writing A Will
Most people have never created wills or have no plans to create one, so they're expected to make mistakes when it's finally time to write down plans for their estate. Here are some common mistakes and how to avoid them. Choosing a will instead of a trust A will...
Encouraging Parents To Talk About Their Estate
Consulting your parents about their own money might seem counterintuitive. What is even more unexpected are the risks that estates face when they’re transferred without a plan. Estate planning in Florida isn’t reserved for residents with hundreds of millions in...
Understanding Powers Of Attorney In Florida
When it comes to estate planning, several important documents need to be put in place. One of the most important ones is a power of attorney, which foresees the possibility that you may become incapacitated and won't be able to make decisions for yourself. What is a...
Using An Estate Plan Is Best When Leaving Assets To Beneficiaries
No matter where you reside in Florida, having a plan for your assets after you're gone is essential. Estate planning can provide you with peace of mind because you'll know that your loved ones will have financial security after you've passed away. Understanding a few...
The Difference Between Estate Planning, Wills And Trusts
Estate planning involves deciding who will inherit your assets and property when you pass away. Planning your estate also entails giving someone the power to manage your financial affairs if you become incapacitated. If you're a Florida resident, here are some things...
The Basics Of Choosing A Trustee In Florida
A trustee is a key player in estate planning. They are responsible for carrying out the wishes of the estate owner as written in the will. This can be a difficult job, and it is important to choose someone who's qualified and trustworthy. Who is a trustee? A trustee...
Include your estate plan in your family planning
Planning your estate in Florida must involve your family to prevent legal conflicts. You don't want family members to argue over money and personal belongings that you may or may not want them to have. Estate planning is an often-avoided topic of discussion, but it...
Planning out your charitable giving
In Florida, estate planning and charity are important to consider together. Positioning your estate for wealth creation, retirement and later death should also include a plan for giving. How much you give is a personal matter, but you have no limits. Florida laws...