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...
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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...
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...
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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...
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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Evaluating Your Options During Medicare Open Enrollment
Every year during the Open Enrollment period, you have the opportunity to make changes to your Medicare plan. If you have a qualifying event, like a loss of your current coverage or got married, you might be able to make changes to your Medicare plan even if it is not during the open enrollment...
Estate Planning to Prepare for the Death of a Spouse
The death of a spouse can be emotionally overwhelming. In addition to the grief, the surviving spouse may be overwhelmed by the financial decisions and requirements of handling an estate. When a deceased spouse handled all the family finances, it can be difficult for a surviving spouse to take over this role. If a...
Life Insurance: Why You Should Keep Your Policies In-Force
Have you considered buying life insurance but simply haven’t made it a priority? It’s understandable. Shopping for life insurance, particularly when you’re young and healthy, doesn't seem all that important. But delaying coverage may not be the best idea.
Even among vibrant, active adults, tragedies can happen. Life insurance offers peace of...
How Can Funds Be Spent with a Special Needs Trust?
Special needs trusts allow a person to set up a trust for a person with physical or mental disabilities without endangering the disabled person’s eligibility for government assistance like Supplemental Security Income (SSI) or Medicaid, but only if the trustee follows the strict rules set up for these trusts. Even if the special...
How Can Funds Be Spent with a Special Needs Trust? Continue reading…