VanNess & VanNess, P.A.

December 2017 Archives

The benefits of a complete estate plan

Florida residents may not be able to fulfill the goals of their estate plan if it is not fully thought out. In some cases, a married couple may create a plan assuming that one spouse will outlive the other. Plans may also assume that a healthy spouse will outlive one who is incapacitated. However, if this doesn't happen, a home or other assets may have to go through probate.

Many different causes lead to motor vehicle accidents

Every year, there are approximately 6 million car accidents on roadways in Florida and across the United States. In 2015, the number of fatalities due to car crashes increased by 8 percent, the largest increase in 50 years. In 2016, the number of fatalities increased again; more than 40,000 people died in crashes on American roadways that year. Thanks to an increased focus on the factors that lead to motor vehicle accidents, it is possible to discuss the most common types.

Study finds that roundabouts reduce fatal crashes by 86 percent

Replacing traditional intersections with roundabouts could dramatically reduce the number of deadly accidents in Florida and around the country, according to a recent study from the Minnesota Department of Transportation. MnDot researchers looked at accident data from 144 roundabouts in the North Star State, and they discovered that fatal crashes fell by 86 percent after the roundabouts were built. However, the report also reveals that minor accidents increase sharply when motorists are faced with a roundabout rather than an intersection.

President Trump calls for action to combat drunk driving

Florida residents are likely aware that intoxicated drivers are a major concern for law enforcement agencies during the holiday season, and President Trump has brought additional attention to the issue by designating December 2017 as National Impaired Driving Prevention Month. In a Nov. 30 proclamation, he lamented the number of road users killed each year in accidents involving drunk drivers, and he pledged to provide additional resources to the nation's police departments to help them combat the problem.

How to choose a trustee

Most Florida parents and others in the United States want to leave their children and grandchildren enough to live on. However, different people may have different beliefs when it comes to how much is enough for someone to live on. One way to help future generations manage their inheritance is to create a trust. Doing so may allow an individual to place specific parameters on how assets are used and when.

Remembering beneficiary designations in estate planning

People in Florida who are creating an estate plan might not think about beneficiary designations as part of that plan. Beneficiary designations are used with assets such as retirement accounts and life insurance policies to name an heir for those assets.

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