It may feel as if there a hundred tiny little decisions that must be made during estate planning. While the average person in Florida might start this process with the intention of giving every decision his or her full attention, it can be easy to start slacking a...
Trust Administration
Why do I need a trust if I’m not wealthy?
Even though it is important for virtually everyone in Florida to have an estate plan, many people still think that they do not have enough wealth to warrant creating one. This is especially true when it comes to trusts. The less-than-accurate negative association of...
The many benefits of irrevocable trusts
A trust can play a unique role in estate planning. Unlike a will, a trust can provide important tax benefits while also allowing the creator of the trust -- the grantor -- to ensure that his or her wishes are fully upheld even after death. Revocable trusts are fairly...
Do trusts fit into your estate plan?
No two people in Florida are alike, so there cannot be any type of one-size-fits-all approach to estate planning. What works for one person might not be the best fit for another. This is why it is important for individuals to consider whether wills or trusts best suit...
Which type of trust can help with special needs planning?
Most Florida parents approach estate planning with their children in mind. Whether they are selecting guardians for their minor children or working out an inheritance for their adult kids, leaving behind a legacy is important. That legacy becomes even more important...
Are living trusts right for you?
Many people in Florida feel as if creating a will is sufficient for their estate planning needs. However, in most cases a more comprehensive approach to estate planning is best. Incorporating things like living wills, powers of attorney and trusts can help achieve the...
I think my loved one’s will isn’t valid — what do I do?
The period of time following a loved one's death is often filled with overwhelming emotions. You will probably still be in the middle of the grieving process when it is time to handle your loved one's will and estate. To make matters more complicated, you and your...
How to use an incentive trust for a loved one with an addiction
It might be difficult to find a Florida family that has not been affected by addiction in some fashion. These families often struggle with addressing the difficult line that runs between enabling a loved one and providing sometimes necessary support. Things can get...
How to settle a loved one’s revocable living trust
If a loved one has recently passed away in the state of Florida, it is likely that you will be dealing with a mixture of emotions. While you will be grieving, you will also have to deal with logistical aspects of the passing. These two processes can be tough to deal...
The difference between a revocable and irrevocable trust
A comprehensive estate plan is essential. While most people in Florida understand that they need a will and maybe a power of attorney or two, not everyone realizes what a trust can do for them. Some trusts can be either revocable or irrevocable, which provide...