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VanNess & VanNess, P.A.
Toll Free: 866-697-6221 Local: 352-436-4333 Over 100 years of combined experience

Three tips for protecting digital assets

Estate planning in 2016 is not like how other generations planned how their assets would be distributed when they passed away. Indeed, people still establish wills and different forms of trusts, but with so many people having digital assets (i.e. email accounts, social media data and electronically stored information) it is important to know what to do with these assets when a person passes away.

Estate planning and divorce

When most Florida couples are ending their marriages, they primarily concentrate on the immediate issues at hand such as dividing property, figuring out child custody and determining spousal and child support. Far too few people think about how their divorces might impact their estate plans.

Self-driving cars forcing automobile insurance industry to evolve

The American insurance industry generates $220 billion in revenue every year. There are approximately 277,000 people working in positions supported by it in Florida and across the nation. Although car crashes are deeply traumatic and sometimes even fatal, the industry created and supported by American automobile crashes is a thriving one. Now, however, the economic foundation of the industry is at risk.

Showing love through estate planning

According to a survey from Merrill Lynch, 70 percent of baby boomers believe that receiving money under a will or trust is an expression of love. From an estate planning perspective, this can be problematic as millennials don't necessarily look at it the same way Instead, they see money as a way for older generations to exert influence on younger people. Millennials are also less likely to believe that money should necessarily be divided equally among all beneficiaries.

Important facts about beneficiary designations

Florida residents who are considering who to name as beneficiaries under their life insurance policies or retirement accounts should keep some important considerations in mind. Beneficiary designations can be made to anyone who is not a minor, and they override what is written in a will. This means that it is critical to keep the designations up to date and to review them routinely as well as after any major life changes.

VanNess & VanNess, P.A.