Many people realize that they should create an estate plan, but they worry about the cost. The amount that an estate plan costs can vary a great deal, based on things like which documents you need, the complexity of your situation, and how many revisions you make before approving and signing the documents.
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What Happens if a General Guardian Changes Their Mind?
The person who agreed to serve as a guardian might eventually become unable or unwilling to perform that duty. In that situation, the law provides several different ways to change guardians.
Changing guardians is not as simple as another person agreeing to take on the responsibility. You have to follow a formal process and go...
What Happens if a General Guardian Changes Their Mind? Continue reading…
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How to Choose Guardians for Your Minor Children
When you have young children, you want to provide for them financially in case you do not live to see them become adults. You might buy a life insurance policy and get a will or living trust. You can and should name someone to serve as your child’s guardian if you die before...
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What Is a Life Insurance Trust?
A life insurance trust is a special kind of trust designed to avoid some of the estate tax problems that can arise when a decedent owned a life insurance policy that did not name someone else as the beneficiary of the proceeds. There are good reasons in some situations to have life insurance with...
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Can I Do My Own Estate Planning?
Florida law does not force you to work with a lawyer to create your estate plan, but the real question is whether you should do your own estate planning. There are inexpensive DIY forms online and in software programs, so writing your own will or trust might seem like a great way to save...
Can I Do My Own Estate Planning? Continue reading…
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3 Questions to Ask if You Suspect Undue Influence in a Will
If an aging loved one starts behaving in a manner that concerns you, it could be the result of many things, including that someone is manipulating or controlling your loved one. Unfortunately, some people see the elderly as walking money pots who can be exploited.
You might discover that your parent recently...
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When Is a Trust Invalid in Florida?
Whether you are considering getting a living trust as a part of your estate planning or you expect to be a beneficiary of someone else’s trust, you might be wondering when a trust is invalid in Florida. Several different situations could lead to a trust getting invalidated. A Florida trusts attorney can offer guidance on how...
When Is a Trust Invalid in Florida? Continue reading…
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9 Things Everyone Should Know About Estate Planning
Estate planning is a crucial part of life that many overlook. It's important to define who gets your assets when you die, who will take care of minor children, and what happens if the person named in your will becomes incapable of managing them. Estate Planning can be complex and it's difficult to know...
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The Important New Roles of Life Insurance In Estate Planning
A proactive approach to estate planning can help safeguard assets from taxation and effectively transfer wealth to intended beneficiaries.
Unfortunately, recent political developments and retirement trends are expected to render estates vulnerable to higher taxation, raising concerns among individuals and estate planners.
In response, Florida estate planning attorneys share insights about the important new role...
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Revoking a Power of Attorney
Florida law controls how a person can revoke a power of attorney. It is essential to follow the rules and take additional practical steps to protect your rights when revoking a power of attorney. A Florida estate planning attorney can advise you on the specific things that you need to do in your situation.
How...
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