Retirees living in Florida who are well-off and have no children may wonder who they should appoint as executor for their estate. This may particularly be the case if one spouse is reluctant to deal with the financial issues that would accompany the death of the other...
Month: May 2016
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,...
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...
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...
The duties of an executor
When Florida residents are appointed the executor under a will, this does not mean that they can do anything they want with the testator's assets. In fact, they a number of duties that they are required by law to perform. In one situation, a person's sister was named...
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...
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...