VanNess & VanNess, P.A.

October 2017 Archives

Estate planning for each stage of adulthood

Some people in Florida may think they do not need a will because they have few assets or no dependents. However, even if all a person has is a checking account, a relative may still have to go to probate court with proof the relationship in order to be appointed executor. Furthermore, people might still want to put healthcare and financial protections in place in case they become incapacitated.

Drowsy driving prevalent among night shift workers

Researchers from Brigham and Women's Hospital have found that working the night shift leads to an increased risk of drowsy driving, particularly during the commute home. Drowsy driving is considered a public health hazard, affecting people in Florida and across the United States.

Entrepreneurs need to update their estate plans

Busy entrepreneurs in Florida often have to juggle multiple responsibilities. Unfortunately, important personal finance concerns can sometimes take a back seat to immediate business issues. As a result, some entrepreneurs have estate plans that are out of date and may not address their current circumstances.

Car crash fatalities reach a nine-year high

In Florida and the rest of the U.S., car crash fatalities are on the rise. The National Highway Traffic Safety Administration found that 37,461 people died in car, motorcycle and pedestrian accidents in 2016. According to NHTSA data, the last time the number was this high was in 2007, when 41,259 people were killed.

How to handle pressure to sign a power of attorney

Florida residents who are being pressured to sign a power of attorney document may be wise to resist. While such a document may be critical if an individual is unable to manage his or her own affairs, it is one that should be made free from any undue influence. In fact, if a person is pressured to give someone the power of attorney, it may be a sign of fraud.

What are the duties of the executor of an estate?

Florida residents who are creating an estate plan may want to consider the duties of the executor that they will appoint. The first thing an executor must do is obtain death certificates so that various institutions and agencies such as banks, the Department of Veterans Affairs, life insurers and the Social Security Administration can be notified.

Wills and their limitations

Many people living in Florida may have an incomplete estate plan and not know it. The importance of having a will has been stressed for some time, which may in some cases lead people to believe that the document is sufficient for determining what happens to their assets after they pass away. This assumption is incorrect.

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