It is very difficult to challenge a Florida testator's will, and the vast majority of wills go through probate court without being contested. Courts will try to stick to the terms of a will exactly unless there is proof that the will is invalid. If a will is...
Month: October 2016
Beneficiary designations and bequests
To ensure that ownership of certain assets are transferred according to their final wishes, Florida residents should know that there is a distinction between beneficiary designations for a financial account and a bequest detailed in a will. Regardless of the language...
Teen safety on the road is a year-round concern
Florida communities may observe safety campaigns such as National Teen Driver Safety Week, but it is important to keep the issues addressed during such events in mind throughout the year. Concern for teen drivers is rising because of 2015 statistics, which show that...
Protecting angel investments in an estate plan
Wealthy individuals in Florida may decide to help entrepreneurs to form small startups with investments of capital called 'angel investments." An angel investor usually helps a startup that is in its first stages by providing a one-time investment or ongoing...
U.S. seeks to reduce traffic deaths to zero
The federal government intends to reduce traffic fatalities and accident-related injuries in Florida and around the country to zero within 30 years. On Oct. 5, 2016, officials from the U.S. Department of Transportation announced a plan to promote the use of current...
Placing homes in trusts
One estate planning tool that some Florida residents may find to be helpful is a revocable living trust. These instruments hold the assets placed in them by their grantors. The grantors may then use the assets while they are alive, transferring them directly to the...
Creating education trusts to benefit grandchildren
People in Florida who are creating an estate plan might be concerned about how their grandchildren will pay for their education and may wonder if an education trust is the answer. It is possible to use a 529 savings plan for college funds, and compared to that, an...
The many uses of an estate plan
Some Florida residents might think that they do not need an estate plan because they do not have many assets. However, an estate plan can be an important tool for many adults. Furthermore, it is more than just a way for a person to pass on assets to loved ones. It can...