Minimizing taxes is an important part of effective estate planning. Different types of trusts can affect the taxes you, your estate or your heirs must pay in different ways. What are the different types of trusts and how do they affect taxes? Grantor trust A grantor...
Estate Planning
Common mistakes families make through probate
Following the death of a loved one, you and your family may have a lot of questions. While many pressing matters need attention, going through probate is not something to put off or ignore. Learning some of the most common mistakes families make going through probate...
Can a living trust provide you with control?
Revocable trusts, also known as living trusts, allows a person a great amount of control over their assets up to the time of their death. This person maintains ownership of their assets and can transfer assets ina and out of the trust at will. The individual can serve...
What are the steps to creating a legal will?
A will is an important part of your estate plan. If you do nothing else to prepare for what happens after you die, you should at least create a will. Florida has several requirements your will must meet to be legal and valid. If you fail to create a legal will, then...
What skills should an executor have?
When selecting an executor for your estate, you need to keep in mind that they will be shouldering a number of heavy responsibilities. Thus, it is important not only for you to trust them, but for them to have the skills needed to successfully manage the role. Basic...
What can you expect from Florida probate?
If you live in Florida and you have recently lost a loved one, you may be wondering what you can expect from the probate process. Probate can be long and seem daunting. However, the more informed you are, the easier the process will be. What is probate? Probate, or...
What medical concerns can you address in a living will?
You probably have strong opinions about the kinds of medical treatments you want, particularly if you face an end-of-life situation. However, a sudden injury or illness could render you unable to communicate. Fortunately, you may prepare in advance by filling out a...
Benefits of a trust versus a will
You may know that a trust is one of many tools you might use to plan for your and your Florida family’s future, but you may not have a comprehensive understanding of how a trust works or why one might benefit you. While a will gives you a chance to say who you want to...
Parents of young children should assign a guardian
There are many aspects of estate planning. For parents, one is to choose someone to be the guardian of their children. This individual would play the role of the parents in the event both natural parents died before a child turns 18. Because of the importance of the...
What your personal representative should know
When you draft your Florida will, you may, too, decide to name someone the personal representative over your estate. The role of the personal representative is to oversee the distributions from your estate and tie up any necessary loose ends with regard to other...
