When estate planning, married couples with high-value assets put a premium on their privacy. That’s why they tend to create trusts over wills to do away with the probate process. This gives added protection for their assets and confidentiality. However, creating a...
Have you ever thought about what would happen to your assets and loved ones if you were to become incapacitated or pass away suddenly? The reality is that life is unpredictable. Incapacity or death can strike unexpectedly. When you plan for incapacity and death, you...
Creating an estate plan is an effective way to make decisions and give directions on what will happen to your estate after your death. No matter which estate planning tool you use, such as a trust or will, its enforceability may hinge on its features and functions....
During probate, an executor appointed by the deceased can have significant responsibilities involving the estate and beneficiaries. As someone appointed by the testator to oversee their assets, the person in this role must complete tasks and comply with regulations as...
Parents constantly worry about what will happen to their kids when they are no longer around. However, for those raising special needs children, their parental journey includes additional layers of concern. Children with disabilities may require extra care and...
Estate planning for families with special needs children can be a complex and delicate process. It is not just about protecting the child's well-being and financial security. You would also want to preserve their eligibility for needs-based public benefits....
People who own large estates, especially those with valuable non-exempt assets worth over $75,000, may worry about what will happen to their estate during the formal estate administration process. Probate is notoriously lengthy and costly. Your loved ones may have to...
With winter approaching, many older residents in the northern states travel to Florida to spend the cold months. While some make a complete move to the state following retirement, others seek to maintain two households to spend the different seasons. While owning...
An integral part of estate planning is appointing a personal representative as your fiduciary and fiduciary to your estate. If you have a will, you name an executor. If you have a trust, you assign a trustee or successor trustee, depending on the kind of trust you...
When it comes to estate planning in Florida, one critical consideration that homeowners must not overlook is the state's unique homestead laws. Florida's homestead laws provide significant protections for primary residences, making them an essential aspect of estate...
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