When parents pass away, their surviving children sometimes discover unpaid debts of which they were unaware. This often leaves the question of whether children in Florida are responsible for the debts of their deceased parents. The answer to this depends on the types...
Year: 2017
3 things to remember about moving with a will
You've always loved moving, but you settled down for a long time when your children were born. Now that they're older, you decided that it's time to move to a new home once again. While you do love your home in your state, you've decided to move to somehere warmer....
Estate planning lawyers and succession planning for businesses
Some company owners feel comfortable with the thought that their businesses are their retirement plans and their children will take over upon their deaths. Unfortunately, too many companies in Florida end up having to close their doors because proper succession...
Should a Florida resident have a will or a trust — or both?
Some people procrastinate when it comes to estate planning because it all seems so confusing. What is the difference between a will and a trust, and should they draft as a will or establish a trust? Florida residents may learn that just about every person needs a...
Florida residents can get help with drafting revocable trusts
There is often no shortage of advice from friends and family in conversations about estate planning. Residents of Florida who have related questions may find more value in the advice provided by professionals. Living trusts are often recommended, but different...
Updating estate plans after Florida divorce is important step
The entire process of a divorce is typically taxing, and the stress will likely continue to escalate for a while after it is finalized. At the start of a newly single Florida resident's future, there may be debts, decrees and deeds to implement, retitle and reorganize...
Can you prevent someone from contesting your will in Florida?
Hiring someone to create an estate plan, trust or last will is always a smart move. By committing your desires to paper and having them legally verified, you can reduce the risk of issues with your estate. One of the best ways to create a legally sound last will and...
Florida residents may have questions about incentive trusts
Who knew a parent or grandparent could continue encouraging his or her children or grandchildren to live healthy lives and work and study hard even after his or her death. Florida residents may be interested in learning that an incentive trust could serve that...
5 estate planning mistakes retirees should avoid
Estate planning mistakes can create uncertainty and division among your loved ones, and prevent your property from going to your intended beneficiaries. . Once you move to Florida after you retire, you should take steps to ensure that your estate plan is in order so...
Florida residents may unknowingly have inconsistent wills
While making a will is a sensible thing to do, some people may not be aware of the assets and property that cannot form part of a will. Certain assets are already earmarked for beneficiaries, and when those are left to different individuals in the will of a Florida...