Florida residents might like to know how their state fares when it comes to children's safety during automobile accidents. In general, fatalities involving children below the age of 15 were most common in the South and least common in the Northeast. Common causes of...
Month: May 2017
How to make use of a Letter of Final Wishes
Florida residents may have a will as part of their estate plan. However, it may be necessary to include other documents, including a Letter of Final Wishes, with a plan. This letter may be the best place to include information that has no place in or is inappropriate...
Creating a spendthrift trust
Florida residents who are creating an estate plan may be concerned about leaving money to an adult child or another loved one who they believe may be financially irresponsible. One possible solution for this is a spendthrift thrust. This type of trust might also...
The advantages of including trusts in estate plans
When Florida residents put an estate plan in place, they are often primarily concerned with ensuring that their assets will be passed to their heirs in accordance with their wishes. While this can be accomplished by drafting a last will and testament, adding trusts to...
How an estate tax repeal might change an estate plan
Some Florida residents might wonder how they should change their estate plan if the federal estate tax is repealed. People with large estates who anticipate having to pay some estate tax have most likely designed their plan with this in mind. Reviewing the documents...
Florida teens killed in traffic accident
A fatal traffic accident in Citrus County left two teens dead and one injured on April 28. The one-vehicle accident happened at night after the driver made several erratic lane changes. According to the Florida Highway Patrol, the 18-year-old female driver lost...
Some duties of an executor
Florida residents who have been named as executor under a will may wonder what their duties are when the testator dies. As fiduciaries for the beneficiaries and the testator's estate, they must locate, value and secure all assets. This process will vary. Some assets...
Keeping wealth in the family
Florida residents who are creating an estate plan might be concerned about keeping the wealth in the family and protecting it in case one of their children gets a divorce. The first step may be to simply to discuss the estate plan and the need to preserve wealth with...