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VanNess & VanNess, P.A.
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Injury rates can be cut by collision avoidance systems

Collision avoidance systems can seriously cut down on the number of Florida car accidents and especially those resulting in injuries, according to a study by the Insurance Institute for Highway Safety. In fact, the IIHS found that vehicles with the warning systems had an 11 percent lower rate of sideswipe, head-on and single-car crashes. In addition, cars equipped with this technology saw a 21 percent decrease in the rate of such accidents causing injuries.

Estate planning protection during incapacity

Advance planning can offer many benefits to Florida residents with family in and out of state. A thorough estate plan can shield assets, limit family disputes and minimize burdensome decisions for grieving loved ones. However, business owners and others actively managing their assets may wonder what to do in cases of brief or long-term incapacity. An example shows the potentially critical role of a power of attorney.

Possible disadvantages to a do-it-yourself estate plan

Florida residents who are planning their estate may want to use an online model. However, this could result in a plan that is prepared incorrectly or is incomplete. Working with an attorney may help to ensure that the estate plan is less vulnerable to legal challenges. For example, one common missing step that people creating a do-it-yourself plan might make is failing to fund a trust once it is created. Trusts in particular are complex vehicles that are better drafted with legal guidance.

A steering issue causes a recall of GM trucks

Two of General Motors' popular light trucks are being subject to a recall to correct a potentially serious steering problem. Tampa owners of the 2014 GMC Sierra and Chevrolet Silverado and elsewhere are urged to take their vehicles to the nearest GM dealer to have the problem corrected as soon as possible. The repairs will be performed free of charge to the customer.

Understanding how a trust works

When a Florida resident creates a trust, there are three parties that are central to the document. The first party is the person who creates the trust who is referred to as the grantor. This person names a trustee to carry out provisions of the trust, and in some cases, the grantor can act as the trustee. Beneficiaries are the third party to a trust, and they are the people or entities who receive distributions from the trust.

What could keep driverless cars off of the road

Florida residents may imagine a day when they can get into a car that drives itself. Companies such as Google, Apple and GM have invested time and money into driverless car technology. Intel thinks that self-driving vehicles could create an industry worth $7 trillion by 2050. They could cut down on the nearly 100 people who are killed in the United States each day on the road.

How trusts can be a useful part of an estate plan

Florida residents who are creating an estate plan may assume that trusts are only useful for people who have substantial assets. However, there are a number of different types of trusts that can protect people and assets in many different ways. One of the simplest types of trusts is known as a Totten trust. This is used for assets such as bank accounts but not for real property such as a home. Creating a Totten trust may be no more complicated than filling out a beneficiary designation form.

VanNess & VanNess, P.A.