While it is important for everybody to draft wills and establish estate plans, it is also essential for children to have some knowledge of their aging parents' plans. Florida families that are fortunate to still have their parents around may have a few questions...
Year: 2017
Florida residents may want to avoid estate planning fiascos
Estate planning is an important task that is often neglected. Residents of Florida who have their plans in place may not realize the importance of revisiting them from time to time to keep the documents current. A woman recently told her story to underscore the...
Estate planning lawyers can help with adding personal preferences
Some people find it difficult to consider or discuss their own mortality. However, it might be worth planning for the time that may come between a healthy life and death. Many people suffer from cognitive deterioration that could render them incapacitated, and...
5 reasons business owners must focus on estate planning
It took you 20 years to build your company. You started with nothing but a dream, and now the company is valued at $1 million. You've put in so much of your own time, money and effort, really giving everything you have to the company. You're proud of it. And you don't...
Special needs trust attorneys can help protect disabled children
Most parents in Florida who have children with special needs are concerned about the welfare of their kids when they are no longer there to provide care. However, parents must approach this matter with care to avoid jeopardizing the child's access to government...
How can Florida parents leave personal items to grandchildren?
Most parents have special items -- often items without significant value -- that they want to leave to particular children or grandchildren. These can include furniture, jewelry, paintings, books, dishes or even pets and more. Wills do not typically include these...
Estate administration in Florida: Legal guidance is available
Executors of estates are often close relatives of the deceased persons, and may not familiar with the tasks involved. In fact, the prospects may seem overwhelming, but estate administrators in Florida need not despair because legal guidance is available. The primary...
Estate plans offer control, avoid unnecessary loss
You've heard about the importance of having a will, but important messages bear repeating. Proper estate planning serves a multitude of purposes: distribution of assets and sharing with loved ones are the most obvious, but another reason is that when your estate goes...
Why would a Florida resident draft a durable power of attorney?
A power of attorney is a document that typically forms part of a person's estate planning. People nationwide, including in Florida, usually draft such a document to protect their interests when they become unable to do it themselves. A person would choose a trusted...
How will new SNT law improve special needs trusts in Florida?
In 1993, the Omnibus Budget Reconciliation Act of 1993 (OBRA-1993) was enacted to overhaul Medicaid. This allowed parents, grandparents, guardians or courts to establish self-settled Special Needs Trusts for individuals under 65 years old who have disabilities....