Florida residents who own a vacation home might want to leave the home to their children as part of their estate plan, but there are a number of questions they should ask themselves first. They should also find out if their children even want the home. The distance of...
Month: July 2016
Advantages of a living trust
Florida residents who are considering preparing an estate plan might want to use a living trust. If most of a person's assets are tied up in life insurance, retirement accounts and bank accounts that are designed to pay to a beneficiary on death, then a living trust...
Estate planning for LGBT couples in Florida
Thanks to the Supreme Court ruling in Obergefell v. Hodges, same-sex marriage is legal in all 50 states. This means that same-sex couples can create an estate plan that looks like one a heterosexual couple may create. It is just as important for a same-sex couple to...
A lawful will can ensure assets go to chosen beneficiaries
Planning is an essential part of the lives of most people in Florida. Even those who are impulsive and choose to do things on the spur of the moment may want to plan for the distribution of their assets upon their demise. Because death is a depressing thought, it is...
Estate planning with a special needs child
Parents in Florida that have special needs children may worry about how their children will have financial support when they are gone. Setting up an estate plan that provides for a special needs child is crucial for these parents. However, many parents of special...
Revocable living trusts won’t protect assets from creditors
Revocable living trusts can have many estate planning benefits for Florida residents with a significant amount of assets. A revocable living trust holds assets during a person's lifetime and then passes those assets to the named beneficiaries after the settlor dies....
Toyota recall raises further questions about airbags
Thousands of Florida residents have taken their cars, trucks or SUVs to authorized repair facilities in recent months to have potentially dangerous airbags manufactured by the Japanese auto parts supplier Takata replaced. The Takata airbag recall is the largest auto...