Estate Planning

Florida residents who are considering preparing an estate plan might want to use a living trust. If most of a person's assets are tied up in life insurance, retirement accounts and bank accounts that are designed to pay to a beneficiary on death, then a living trust...

Thanks to the Supreme Court ruling in Obergefell v. Hodges, same-sex marriage is legal in all 50 states. This means that same-sex couples can create an estate plan that looks like one a heterosexual couple may create. It is just as important for a same-sex couple to...

Planning is an essential part of the lives of most people in Florida. Even those who are impulsive and choose to do things on the spur of the moment may want to plan for the distribution of their assets upon their demise. Because death is a depressing thought, it is...

Parents in Florida that have special needs children may worry about how their children will have financial support when they are gone. Setting up an estate plan that provides for a special needs child is crucial for these parents. However, many parents of special...

Revocable living trusts can have many estate planning benefits for Florida residents with a significant amount of assets. A revocable living trust holds assets during a person's lifetime and then passes those assets to the named beneficiaries after the settlor dies....

As part of an estate plan, it may be a good idea to name a guardian to any pets an individual may have. Failing to do so could result in an animal being sent to a shelter where it may be scared and grieving at the same time. Depending on the situation, it may be a...

Florida residents who are preparing their estate plans may wonder whether they need to use a trust for their IRA. In most cases, assets in an IRA are passed down via a beneficiary designation after the death of the owner. The surviving spouse is usually the...

When elderly Florida residents become incapacitated, family members may be left trying to figure out how to sell the incapacitated relative's home in order to pay for needed long-term care. Without a durable power of attorney or a trust in place, doing so can be very...

If you lose your keys or forget where you park your car from time to time, you may chalk it up to the remnants of old age. You may not even consider that these forgetful moments may carry over to how you manage your finances in your golden years.Nevertheless, elderly...

Most Florida residents do not like to think about growing older and eventually leaving loved ones behind, but estate planning is important and necessary since no one knows what the future holds. There are a few basic things that adults can do to start preparing...