Estate Planning

There are currently 5.7 million Americans who have Alzheimer's disease, and lifetime care costs for someone who has it are well over $300,000 on average. As an increasing portion of the population turns 65 or older, the number of people who experience this condition...

More elderly people in Florida are easing into their golden years by themselves. According to recent figures published by the Census Bureau, 28 percent of all American adults are unmarried and live by themselves. Moreover, nearly 20 million of these single individuals...

A poll of 109 estate planning professionals gathered at the 52nd Annual Heckerling Institute on Estate Planning that took place in Florida revealed how family dynamics and disputes can affect estate plans. Although taxes often concern people who want to transfer...

Floridians who are fans of the late Anthony Bourdain might be interested to know how his estate plan was designed to reflect the most important things in his life. The world traveler and television personality was thorough in creating a plan that passes the bulk of...

Florida residents often include trusts in their estate plans to avoid the probate process, have more control over how their assets are distributed, reduce estate taxes and protect against creditors. Spendthrift trusts can be particularly useful when heirs have unpaid...

A special needs trust may be useful for people in Florida who want to help a relative who has special needs or for someone who has special needs to protect certain assets. Special needs trust are a way for people who receive benefits to keep those benefits.For...

While a divorce may be an emotional event for a Florida resident, it is important to think about the estate planning ramifications. For instance, it could be necessary to remove a former spouse from any power of attorney duties. It is also a good idea to take a look...

Some people in Florida may need to take extra steps to make sure that their estate planning documents are in proper order. An estate plan might need to be more than simply a will that lists which assets go to which people. The first step in creating or expanding an...

If an individual in Florida or anywhere else owns art or other collectibles, he or she can leave them to family members or charities. However, estate and tax laws may be different for such items compared to other property, like a home or investment account. According...

According to Wells Fargo, people in Florida and throughout the United States should have a will. They should also have both financial and health care powers of attorney in addition to a health care advance directive. Those who already have those documents in place...