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...
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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…
Should I Hire a Real Estate Attorney to Sell My Florida Home?
A real estate agent and title officer may be all you need to walk through the process of selling your Florida home. However, real estate transactions are cumbersome to navigate. Pages of reports, disclosures, and contracts can unsettle the best of us, often making it a wise choice to engage legal counsel when selling...
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Estate Planning in 2021: Special Considerations for Parents of Special Needs Children
Parents of children with special needs have many extra responsibilities, whether the child is a minor or an adult. All parents are mortal, but when you have a child with special needs, you think about the fact that one day you will not be here to take care of your child.
A Florida special...
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3 Things You Didn’t Know About A Revocable Living Trust
Revocable living trusts have become a popular estate planning tool among Floridians. What are they and do you need one?
Revocable living trusts are not standardized estate planning options that suit every person’s needs. Rather, they are complex documents individualized to address a person’s specific estate planning goals, assets, and tax liabilities. As experienced
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3 Things You May Not Know About Guardianship in Florida
Assuming guardianship over another person and their affairs is a big undertaking. Before acting to become someone’s guardian, it’s wise to educate yourself about the responsibilities and legal obligations of guardianship in your state.
If you are a Floridian seeking guardianship of a minor child or incapacitated adult, there are things you may not know...
3 Things You May Not Know About Guardianship in Florida Continue reading…