When a person passes away, their will is usually used to distribute their assets according to their wishes. However, in some cases, one or more parties may contest the will because they feel it is invalid or does not accurately reflect the deceased person's...
Crystal River Florida Legal Blog
Small estates need plans, too
Creating an estate plan can seem like an overwhelming process. As you consider your family taking your estate through probate, your initial reaction may be to try to avoid it, especially if you have a smaller estate. When you have a strong estate plan, the probate...
How does life insurance impact my estate plan?
As you think about your estate planning goals and priorities, it's essential to consider the role of life insurance. This type of insurance can play a critical part in ensuring that your assets are distributed according to your wishes and that your loved ones are...
What is a gift causa mortis (and should I plan to give one)?
Estate planning is an essential part of passing on your legacy. When you create your will and other documents, you give your family members the peace of mind that they will be able to distribute your assets after you pass away. In some cases, your relationship with a...
What should I look for in a trustee?
Coordinating your estate plan can be a complex process. You want loved ones to enjoy the assets of your estate after you pass away, but there are some aspects of estate planning that require significant consideration. In many situations, a trust can help you provide...
Should I include charitable giving in my estate plan?
Giving to specific organizations that are important to you is an essential part of who you are. These groups recognize your contributions of money and time and appreciate your support of their mission. When it is time to create your estate plan, you may want to...
What is changing for federal estate taxes in 2023?
Keeping your estate plan up to date as your life changes is essential. You may need to adjust your plans when you or a loved one has a baby, or you or a family member goes through a divorce. Many more life changes will also affect your estate plan. Understanding tax...
How can two (or more) people inherit the same home?
Initially, it is rewarding to learn that a loved one wants you to inherit their home. While you are still processing their loss, it can be reassuring to know that they wanted you to benefit from such a significant investment. Inheritances such as this can also become...
Do I need to change my will if my beneficiaries get divorced?
Relationships change. While you hope that your friends and family will not face the challenge of divorce, unfortunately there is a chance that a happy marriage could transition to a divorce. You should review the provisions you made in your estate plan when a...
Does my estate have to pay my medical debt?
Medical care is expensive. Even with health insurance, you may need to pay significant medical bills to support your healthcare during your lifetime. In some cases, you may find that a facility will not treat you without a co-signer or family member who could be held...