A power of attorney document might be an essential item in an estate plan. With proper POA authority, a Florida agent could handle the financial affairs of the grantor. The person granting POA rights needs to be mindful of potential limitations to address them. The...
Estate Planning
Do you need a trust or a will?
Florida adults know that estate planning is a necessary part of life. Unfortunately, many people get confused about the various terms that are thrown around regarding the topic of estate planning. Two of the most important for people to understand are wills and...
Is a private foundation right for your future generations?
Florida residents who have a high net worth should consider establishing a private foundation. These foundations allow various family members to work together towards a common cause that can create a lasting future legacy for generations to come. If you're not...
Can you legally disinherit a child?
Cutting a child or grandchild out of the will is often a common plot in television shows and movies, but this can occur in real life as well. If you are seriously considering disinheriting a child during your estate planning process in Florida, here are some important...
What is troublesome about handling a will without assistance?
When a loved one passes away, the feeling of grief could prove overwhelming. However, responsibilities may follow the passing of a spouse, parent, or another close relative. If the decedent had a will, and the document needs to go through probate. Attempting to...
Avoiding will contests in Panama City
When you work with an estate planner, he or she will discuss how to ensure that your estate plan does not get tied up in your state’s probate system. Probate is the process where people have the option to contest a will, which can leave your beneficiaries waiting for...
Should you inform your children about your estate plan?
Family dynamics can be the hardest variable to account for when creating an estate plan in Florida. However, actively communicating your wishes to family members may increase the likelihood that they are respected and understood. Let's take a look at what to consider...
Separate trust: The benefits of keeping your assets divided
Across the state of Florida and in many states throughout the country, the burden of having to pay heavy taxes on an estate plan has been reduced or eliminated altogether. This has lead many married couples to decide to simply combine their assets into a joint trust,...
Estate planning and remarriage
In recent years, older people in Florida have been divorcing more than ever before. This phenomenon has also led to an increase in the number of remarriages among seniors. It's important for couples to revisit their estate plans when preparing for marriage. That's...
Why to include estate planning in your wedding preparations
A growing number of people in Florida are deciding to remarry later in life, especially as "gray divorce" becomes more common and people live longer, healthier lives. If you are planning to remarry in your senior years, it may be important to keep your estate plan in...