Estate planning can involve taking several crucial steps to deal with present-day situations and issues that come up after one's passing. A will remains an essential document in most Florida estate plans, and there are other contracts and decisions to consider....
Estate Planning
Rules for a special needs trust
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...
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...
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...
Why do young people need an estate plan?
Many Florida residents make the mistake of assuming that they're too young to plan their estate. What's the point of writing a will if you only have a few possessions in your name? It might be hard to think about, but anyone could die in their twenties or thirties,...