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...
Estate Planning
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...
Do you need a power of attorney?
The fundamental element of your estate plan is a will that passes through probate court. However, there are other documents you should incorporate into your planning to diversify your estate and even help yourself while still alive. A power of attorney document is one...
Why should new parents create a simple estate plan?
If you and your spouse or partner just welcomed a new child into your family, whether by birth or adoption, congratulations! As new parents, these likely will be some of the happiest, albeit busiest, days you will ever experience. In all the hustle and bustle that new...
What questions should you ask potential health care surrogates?
Even though thinking about a serious illness or catastrophic injury can be uncomfortable, planning for your potential incapacitation allows you to retain some control over what happens to you. After all, by definition, incapacitation makes it impossible to communicate...
When may I revise my will?
Major life events such as marriage, divorce or the birth of a child may lead you to revisit your will. As reported by CNBC, you may also wish to revise a will when you receive or inherit large sums of money. You may change your will’s instructions and the...
What are the rules for constructing a trust in Florida?
A trust can be a helpful tool when you are creating your estate plan. Trusts do not require a judge to step in to disburse them, and they give you a lot of control over what happens after your death. The Florida Statutes lay out the rules for how to create a trust. It...
How can I avoid estate planning mistakes?
You know that having an estate plan is vital to protecting your assets and heirs after you are gone. According to Kiplinger, avoiding estate planning mistakes is equally important when it comes to your assets. While professional assistance is best when estate...
