Florida is an attractive state for retirees. Between the lack of state income tax and the tropical weather, it’s understandable why many Americans would choose to enjoy their golden years in the sunshine state.
When it comes time to talk about what you will leave behind, everyone takes a different approach and for their own reasons. You may want to leave your estate plan a surprise, or you may want to have regular family meetings on the subject.
Throughout a lifetime, most people have been on both sides of the situation. Most of us have been the pedestrian jogging across the street, trying to make the most of the crosswalk light that (probably) changed while crossing. Most of us have also been the driver, forced to slam on the brakes for someone who was not paying attention.
Estate planning that includes your digital assets is evidence of how quickly our world is changing. Over the last few decades and certainly in recent years, digital files and methods of storage have changed dramatically. Where you once had CDs and VHS tapes, you now have images, movies, and even more electronic and digital formats stored on your cell phone, computer, and in the "cloud". While we all appreciate the ease of access, it brings up the question of what happens to the electronic files and digital assets we possess when we pass away.
Car accidents involving self-driving cars are all over the news. Earlier this year, a Tesla Model S was in "autopilot" when it crashed into and killed a pedestrian on a Florida roadway. The vehicle not only failed to stop at a stop sign, it also plowed into a parked car at the same three-way stop intersection. While this particular accident is still under investigation, there have been other devastating problems with the autonomous driving features on newer cars.
Avoiding car accidents with summer road trip safety. We all know that one of the great things about summer is the opportunity to explore the country. Unlike vacations at other times of the year, the kids are out of school and there is no rush to get home so they don't miss class time.
Estate planning and the risks of writing your own Will bear discussion. The internet is full of websites ready to sell you a template to write your own Will, which seems easy enough to accomplish by yourself. Determining what goes into your Will must surely be as simple as taking an inventory of what you have, and then deciding who will get it when you pass away.
Estate administration begins with appointing the right personal representative. Remember this when you consider your Last Will and Testament. Along with creating a valid estate plan, naming a trusted personal representative is critical to ensuring your wishes are followed when you pass away because you will not be around to speak for yourself.
Estate planning to reduce probate assets is a worthy goal. After all, you spend a lifetime working to acquire assets that can be passed on to upcoming generations. As you establish your legacy and contemplate the future of your loved ones, it is important to consider what to include in your estate planning portfolio. You can discuss this with an experienced attorney, and also learn what your loved ones will need to do after you pass away.
Estate planning and what goes into it is probably the furthest thought from your mind right now. It could be that you imagine yours would only contain official-looking paper with the words "Last Will and Testament" printed across the top. While a will is generally part of an estate plan, there are many documents that can be included in a comprehensive plan.
Estate administration and probate litigation in Florida can be intimidating. Whether you are planning your estate for the benefit of your family, administering the estate of a loved one, or challenging the way an estate is being handled, understanding the probate process can be overwhelming.