An estate plan is a critical tool that every Florida adult should have. It provides protection, direction and closure for the person creating it and those affected by it. And while it is critical to create an estate plan, it can be equally important to review and...
There’s no one-size-fits-all approach to estate planning. The path you go down depends largely on your personal and financial circumstances, as well as what you hope to accomplish in the future. It makes sense for everyone to at least consider adding a revocable...
The standard estate plan leaves the deceased's assets to their spouse (if still alive) and the deceased's children. However, life is rarely as simple as this suggests. Parent-child relationships can be difficult. As much as we do not like to admit it, there are...
More and more seniors are winding up dying broke and/or heavily in debt. If you are an adult child of an aging parent, you might be named as the executor of your parent’s estate. When they die without resources and owing plenty, you can find yourself in a financial...
For people trying to plan their estate or last will, sometimes they have a negative goal instead of a positive one. Instead of trying to achieve something through estate planning, they are trying to avoid something. Specifically, many testators want to avoid probate...
The person who provides care for your loved one as they age is in a position of authority. The more dependent your aging loved one becomes on a caregiver, the more power that other person has. Whether your family member moves in to a nursing home or they marry a much...
Understandably, many adult children start to wonder if their own parents have done any estate planning. They’re just realistically considering the fact that their parents won’t be around forever and wondering what they’ll need to do when that day comes. However,...
One of the most controversial types of trusts is an incentive trust. It’s not ideal for every family or every situation. However, it is a powerful tool when doing your estate planning, so it’s worth considering. What Does It Do? The incentive trust will give...
Crafting a comprehensive estate plan can be challenging for several reasons. Not only does the process take time and mental effort, but it can extract an emotional toll as people begin to make decisions based on their own mortality. Unfortunately, with everything that...
Creating your estate plan is an important step for an adult to take, but it isn’t one that you can take care of and then forget about. It’s imperative that you periodically review your estate plan to determine whether it still meets your needs. The majority of estate...