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...
Lake Mary Estate Planning Blog
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,...
Do you need a health care directive?
Young and healthy people in Florida probably don't give much thought to what would happen if they suffered a life-threatening injury. However, no one can ever be prepared for the unexpected. That's where an advance directive can help. What is an advance directive?...
Should you start the new year with estate planning steps?
The new year often leads many people to do things they've put off for months. Some may use January's arrival as an excuse to make dietary changes or clean a Florida home. Why not start the new near with some estate planning? Anyone who never formally engaged in estate...
Why beneficiary designations matter
It takes time and hard work to create wealth, yet a simple oversight could leave your nest egg in the hands of someone you don't intend, like an ex-spouse or estranged relative. The start of a new year is a good time for resolution and for tidying up your affairs....
How to manage digital assets in Florida
In today's modern world, an increasing number of assets and family heirlooms are going digital. Many people have sources of income online that their families don't know about. Additionally, thousands of family photos are stored online and shared on social media, which...
How a trust can help young families
While trusts are typically associated with wealthy families, anyone in Florida can benefit from creating a trust for their family members. A trust can help young families prepare for the future and protect their children later in life. Better yet, a trust can help you...