You understand the value of estate planning. These preparations protect your family and your legacy. However, like so many other important areas of life, your estate plans need regular maintenance to serve their intended purpose. Consider the times when it is a good...
Estate Planning
Revisit these aspects of your estate plan amid divorce
Divorce can bring about major life changes, including financial and familial arrangements. Amidst the emotional upheaval, it is important to address practical matters, including your estate plan. Revisiting and revising your estate plan during a divorce ensures that...
FAQs about guardianship
Estate planning ensures your loved ones understand your wishes after your passing, but safeguarding minor children or vulnerable adults requires additional considerations. In Florida, appointing a guardian through your will becomes important. However, the process may...
Why does probate exist?
Probate is a mechanism for the orderly distribution of a deceased person's assets. It can also settle the affairs of a person. It serves several important purposes, ensuring a fair and transparent transition of property and responsibilities. Asset distribution and...
More young Americans making wills, estate plans
Creating wills and estate plans used to be a task many associated with older generations. However, a growing trend is emerging among young Americans who are recognizing the importance of having these legal documents in place. Several factors are contributing to this...
Do all estate plans go through probate in Florida?
The Florida Courts reported 161,142 probate filings in the 2021-2022 fiscal year. This number represents only the number of people whose estates went through this process and not the number of people who actually died during that time because not every estate goes to...
What does the executor of a will do?
When someone passes away, many important tasks need to take place to ensure their wishes come to pass and their estate settles properly. The executor of a will plays an integral part in caring for an estate during this time. If you are drafting your will in Florida,...
What can cause probate to last longer?
If you have a loved one who recently died, you probably do not want probate to last longer than necessary. The time period of closing an estate can vary. Sometimes probate drags out for months or even over a year. By understanding different factors that affect the...
Deciding between a trust or a will for your estate plan
When considering your estate plan in Florida, you may wonder if you should use a trust or a will. These are both fundamental elements of estate planning, and each has its unique benefits and potential drawbacks. To make an informed decision, it is vital to understand...
Selecting the right person to appoint as your trustee
Trusts can provide value to your estate plan and help you exert some control over the use of your assets. A trustee is the person in charge of overseeing a trust. You will want to think carefully about who you appoint as a trustee. Picking someone reliable and...