When it comes to estate planning in Florida, many individuals make common mistakes that can have long-lasting consequences. By understanding and avoiding these errors, you can ensure others manage your estate according to your wishes. Failing to create a comprehensive...
Estate Planning
What veterans’ benefits should you focus on?
Your service in the military entitles you to certain benefits. However, understanding your eligibility for veteran benefits and which ones to take advantage of might cause confusion. There are many places and organizations that offer veterans benefits such as a...
When should you update your estate plan?
An estate plan directs who will gain control of your assets when you pass away. Because dying can be a scary topic, it may be difficult for some families to start drafting this important document. However, knowing more about how they work makes things much easier in...
Practical ways to transfer property prior to death
With today's court system, more and more people are choosing to avoid probate court when they create their will. Sometimes they want to make things simpler for their loved ones. Other times they decide to split their assets very carefully to avoid conflict. Some...
The risks that come with delaying an estate plan
Estate planning is not the most exciting prospect for many young people. However, if you neglect to create at least a simple estate plan, you risk putting your family in a difficult situation and causing conflict. No matter how old you are, once you acquire a...
Guardians and what to prepare for them
When making considerations for your estate plan, do not forget to designate a guardian. This often overlooked but incredibly important aspect of planning will benefit you in the event of a major illness or injury. Why you need one Life’s unpredictability means most...
How can you reduce estate taxes?
The estate tax is a duty the government levies against the net value of your possessions and interests at the time of your death. If you have beneficiaries, they will receive the portion of your estate that remains after the collection of death taxes. Estate taxes in...
Why you should take a team approach to estate planning
If you have considered a do-it-yourself approach to estate planning, you may want to weigh the benefits of professional assistance. While fill-in-the-blank wills and websites cover the basics, they likely do not account for all the particulars of your family and...
What new parents should know about estate planning
Most parents just want what is best for their children. This usually involves making sure that kids eat well, see their doctors and get a good education. However, as parents worry about these issues, they often fail to consider how these needs will be met should they...
Donating and your estate plan: Leaving a legacy
If you have an estate plan, something you may want to do is to take steps to leave behind charitable contributions or donations. Having a strong estate plan in place can help you do this. Whether you want to donate to a university that you attended or a hospital where...