It can be a shock for some Brevard County residents. They sit down their estate planning attorney to discuss passing on sizable assets and discover that taxes will take a big bite out of their estate.A recent business journal news article urges people to learn about...
Even the poorest person who barely has any personal assets can benefit from drafting and signing a will -- or at the very least -- the individual's surviving close family members will benefit. If you've decided to complete your will, here are the various clauses a...
If you drive south of Cocoa along the coast for about two hours, you will arrive in Jupiter, Florida, a city known for its glamorous mix of residents that includes both sports and entertainment industry celebrities. The most well-known of the stars calling Jupiter...
The person who manages your estate after you're gone – your executor – plays the most important role when it comes to ensuring that your carefully planned estate is adhered to. For this reason, you'll want to be very careful when selecting who will fulfill this...
The father lives in Florida and his sons live in New Jersey. They recently wrote to a local paper to ask if their father should create a living trust in order to avoid probate when he passes and to ensure that his house passes to his offspring.The newspaper responded...
People don’t like to talk about wills. For some it’s a fear of mortality, for others it’s a preference to keep finances and family separate. Whatever the reason, the failure to talk about a will makes it harder for those who will (or will not) inherit property to...
Being an executor is not an easy job. There will be financial matters, legal matters and emotional matters for you to navigate -- and some of these issues may not be things you're familiar with. For example, have you ever had to balance the desires of two brothers...
In her storied career, the Queen of Soul had gold and platinum records galore, a priceless talent and the enduring love of millions of devoted fans. However, Aretha Franklin did not have a will or trust when she died of pancreatic cancer a few days ago.The intensely...
If someone you love recently died, you may find yourself serving as the administrator or executor of the estate or perhaps as trustee. The job of handling someone else's estate is a dubious honor. If someone names you to this critical role, that clearly means they...
Probate proceedings can be costly and time-consuming. In the worst cases, a probated estate can take years to resolve. For this reason, most Florida estate planners will take action by whatever means possible to prevent their heirs from needing to wait through probate...