Estate Planning

How can you avoid common estate planning mistakes?

Your estate plan offers great peace of mind to you as well as your loved ones. With a solid plan in place, you can rest assured that your family will receive assets as you intend. Additionally, your family will not have to deal with complex legal issues after you are...

How should you choose an executor?

Choosing someone to take control of your estate upon your death requires thought and, most times, communication. You want to choose someone who will honor your wishes, but does this mean you have to convey them beforehand? Florida probate code demands that personal...

Communicating your medical wishes ahead of time

There are certain decisions that only you can make about your life. What happens when you no longer have the ability to make those decisions? The unexpected — or even expected — loss of ability to make decisions could put your loved ones in a painful, confusing...

What are the different types of trusts?

Trusts can meet the financial needs of a family making estate plans. Different types of trusts exist that can offer tax advantages and eliminate the need for probate. When a family understands their options, they can make a beneficial decision. What does a trust do?...

Tax impacts of different kinds of trusts

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...

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...