A family business is not only a significant source of income. It is also an asset that can continue to generate wealth for future generations. Florida business owners can take advantage of succession planning to ensure that their companies are able to be transferred...
Month: August 2016
Determining asset distribution of a decedent
When a Florida resident dies, his or her beneficiaries may enter into disputes over who should get the decedent's personal property. This may occur even if the decedent had a will or trust specifying what was to happen to that property. In some cases, the property may...
Avoiding conflicts between trustees and beneficiaries
Many Florida residents decide to leave their children or grandchildren an inheritance through a trust rather than in a lump sum pursuant to a will. A trust can allow funds to be transferred to beneficiaries outside of probate court, and the funds can be disbursed...
How a trust protector can help protect an estate plan
Florida residents who are creating an estate plan might want to use a revocable trust in order to have greater control over the distribution of their assets or because they wish to avoid probate. A trustee is appointed to administer a trust, but with no court...
Care for pets in Florida with a trust fund
In most cases, pets are considered to be the property of the person who owns them. Therefore, they would likely go through probate if its owner had a traditional will. However, it may be possible to provide for an animal through the creation and funding of a pet...
Final estate planning tips
Florida residents who are approaching death may want to review their estate plan to avoid unnecessary legal issues for their families to resolve. Toward the end of life, people may become mentally incapacitated, rendering them incapable of making important decisions...
Social media app use while driving is dangerous
Most people in Florida probably equate distracted driving with texting while driving. Texting and driving is a major type of distraction, but it is not the only problematic activity in which drivers engage with their smartphones. Using social media applications has...