If you’ve created your estate plan, you deserve a pat on the back. The majority of adults in the United States don’t even have a will, let alone any of the other critical legal documents. But are you maximizing the benefits that estate planning can provide? What is...
Estate Planning
How to talk to your parents about estate planning
You’re at a family gathering, perhaps celebrating a birthday or reminiscing at a wedding anniversary. The air is filled with laughter, stories and the warmth of family. This could be the perfect moment to start a conversation about something important but often...
How can a family limited partnership protect your family’s wealth?
Have you ever wondered how to protect your family's wealth while potentially reducing estate taxes? A family limited partnership (FLP) might be the solution you are looking for. This powerful estate planning tool has gained popularity among families seeking to...
How POD and TOD accounts can help Florida families avoid probate
For affluent families in Florida, estate planning is crucial to protect and efficiently transfer their hard-earned wealth. One effective strategy to consider is the use of Payable-on-Death (POD) and Transfer-on-Death (TOD) accounts. These powerful tools can help you...
3 estate planning strategies for Florida business owners
As a business owner, your enterprise is more than just a source of income; it's your life's work. Ensuring the continuity of the legacy you have built and protecting its value for future generations is crucial. But have you considered what will happen to this legacy...
What you need to know about guardianship in your estate plan
Choosing a guardian for your minor children could be one of the most crucial decisions when creating your estate plan. This person will be responsible for your children's care and upbringing if you and your spouse can no longer do so. Below are factors you may...
Understanding non-probate assets
When planning your estate, it is crucial to understand the difference between probate and non-probate assets. This knowledge may help you streamline the distribution of your assets. It could also save your beneficiaries time and money. What are non-probate assets?...
Estate planning considerations for your waterfront property
If you own waterfront property in Florida, you know the immense value in the beauty and enjoyment it brings. This is the type of asset you want your family to have and cherish for generations to come. However, these properties can come with certain considerations,...
How often should you update your estate plan?
An estate plan is a series of legal documents outlining your desires for the distribution of your possessions and the care of any minor children after you die. It often consists of wills, trusts, powers of attorney, and healthcare directives. An estate plan is vital...
When does summary administration apply in Florida?
Probate can be lengthy and costly, usually varying depending on the estate, its details, and its value. However, in some scenarios, the estate can skip probate and qualify for less formal alternatives that may become applicable according to the circumstances. One of...