A power of attorney is a legal document that gives a person the right to act on behalf of another. In Florida estate planning circumstances, powers of attorney are often utilized to name another person as agent for financial, medical or other decisions. The person who...
A power of attorney authorizes another individual to act on a person's behalf financially and legally. Some people in Florida may have heard that this is an important document to have in case they become incapacitated. The solution to this might seem to be a springing...
Estate plans and wills come in all different shapes and sizes. Some are relatively straightforward because there was one spouse and one child, while others will be more complicated because there was more than one marriage with several children and stepchildren...
Wondering about your parent’s financial situation, and how their finances may one day help or hinder you, can feel awkward. People may expect an inheritance to help cover the care they have provided their parents. Others may assume any money left will naturally be...
Selecting a trustee is an extremely important part of a Trust, and may have tax consequences. Almost anyone can be named as your trustee. Unlike the appointment of a personal representative of a probate estate, a trustee is not required live in Florida or be related...
Acting in the role of a trustee is not an easy position. The specific powers and responsibilities depend on the instructions in your trust documents. Although important, the prudent investment of trust assets is not a trustee’s only responsibility. Generally, a...
Who qualifies as the Personal Representative? The Personal Representative can be selected in several ways. Where there is a valid Will, the a person is appointed in the Will to act as Personal Representative. The Court usually follows this provision, unless they have...
