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...
Estate Planning
Steps to take when creating an estate plan
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...
The value of appraising collectible items
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...
Avoiding abuse by creating a thorough estate plan
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...
How to create an adequate estate plan
Dying without a will is one of many potential estate planning mistakes a resident in Florida can make. When a person dies intestate, it can be more difficult for heirs to get their inheritances, and property could end up going to the wrong individuals. Even if a...
Prince heirs still waiting to collect money from estate
According to a news report, the heirs of former rock star Prince have not yet received their inheritances. Prince had an estate worth approximately $200 million when he died. Florida residents may be interested in learning that Prince never established an estate plan....
Why it is important to review your estate plan
Florida residents may not like the thought of reviewing their estate plans; for many people, thinking about their deaths isn't a pleasant experience. However, failing to review an estate plan could result in gaps that make it harder for a person to have his or her...
Modern estate plans include access to digital assets
Email accounts, social media profiles and cryptocurrency are just some of the more common digital assets for people in Florida. Someone building an estate plan should include information about how to access online data because finding passwords after a death can prove...
Plan ahead to help loved ones grieve
Even the healthiest Pennsylvania residents know they will eventually pass away. Loved ones left without clear directions may have difficulty in determining the way forward regarding assets and belongings of the deceased. With even limited estates, it is common for...
Handling spousal debts after death
People in Florida may be wondering how best to care for and protect their spouses after they pass away, especially with the many estate planning options available. One concern that many have is how debts will be handled after their death. There is a great deal of...
