Estate planning is complicated. Everyone has unique objectives and interests they want to protect – there is no one-size-fits-all approach. This being said, one of the most versatile estate planning tools is the living trust. The living trust isn’t for everyone, but...
Florida couples usually receive comprehensive advice on the importance of advanced directives such as a living will or durable power of attorney when discussing estate planning. But it is important as well to remember to also consider naming a financial POA when...
As you begin the estate planning process, you may discover that creating a trust is the best option for you and your beneficiaries. If you choose to create a trust, you as the grantor must name someone to serve as a trustee for the trust. The trustee will have the...
When Florida residents think of estate administration, they likely think of creating wills and trusts to ensure their assets are distributed according to their wishes after their demise. However, estate planning also includes important documents that tell loved ones...
When a person passes away, it is necessary to address their property and affairs. This may be completed through the probate process in Florida. Often, a will lists the deceased person's wishes regarding who should receive their property after their death, also...
A power of attorney for healthcare is a useful tool to consider along with an estate plan, but this document is sometimes overlooked. In Florida, a power of attorney for healthcare is also called an advanced directive. It allows a person, called the principal, to...
Trusts serve many purposes in a Florida estate plan. A properly drafted trust can protect a person’s assets from the claims of creditors and ensure that the assets in the trust are spent exclusively for the benefit of the beneficiary. A very useful type of trust has...
It can be hard to talk about estate planning. Not everyone is comfortable with discussing what will happen to their assets and property when they die. Those who have thought about estate planning may have talked themselves out of contacting Florida-based estate...
Many considerations go into estate-planning, some of the most important being how to provide for loved ones once you are no longer there. Setting up a revocable or irrevocable trust can provide people with more control over how assets will be distributed later on, and...
Many Tampa residents strategize for what will happen after their deaths through estate planning. They may prepare wills and trusts, set up payable on death accounts and retitle property, and take other actions to maximize their abilities to bequeath their assets to...
