Estate taxes are on the minds of many who have collected assets throughout the years. While many people may not hit the exemption levels for taxation, it can be surprising how much an estate is worth.
Guardianship is an important part of the estate planning process. It is the act of giving someone the power to protect and care for you or your children, depending on the circumstances.
With a new year comes a fresh start, and one good thing to do is to consider your estate planning needs. Estate planning is necessary, since it dictates what happens to your assets if you pass away. If you don't have an estate plan, your estate will fall under state laws and could end up being divided between individuals whom you did not want to have receive your assets.
Most Florida residents want to earn and save as much money as possible. However, having a large bank account means that you'll face unique tax challenges when planning your estate.
Getting older means you need to start thinking about passing on the things you own. If you don't plan to pass them on to your family, then it's up to you to sell them.
As you age, one of the most important things to do involves taking care of your estate plans. Updating your will regularly is a vital part of estate planning. If you've recently moved to Florida, you will need to address changes to your will as soon as possible.
Many people think that they can write out a will and get an estate plan together, then forget about it. This isn't anywhere near the truth. Instead, you need to review your estate plan at least annually.
You have long wanted to take a trip to Florida, and after you visited, you just knew that you needed to move there. You're excited for this new adventure in your life, but you know there are many legal documents you may need to change. One of those is your will.
As you age, you know that you want to protect your assets. One of your most valuable assets is your home. Should you place your home in a trust to protect it?
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.