Florida Estate Planning Law Blog
Estate planning is beneficial at any age
Although many people may understand the importance of having a will, many have not taken the steps necessary to write one up. Along with a will, there are important estate planning decisions that one should consider. No matter what someone’s age, it is beneficial to...
What are the basics of forming an LLC?
Starting a new business can be exciting and terrifying all at once. When getting your start, it is best to get you up and running with as little hassle as possible. But it can seem daunting at the start. According to FindLaw, many people may be afraid to start a...
Using disability guardianships to protect your children
If you are the parent of a teenager with special needs, you may be worried about who will handle their finances. While your child is still a minor, you are still in control as their parent and legal guardian. But once they turn 18, they will become a legal adult, even...
Can you modify a trust?
A trust is a fiduciary tool that provides additional options during estate planning. It enables a grantor to deposit anything of value into the trust for safekeeping. When creating a trust, you must decide if you want to lock away those assets permanently or have...
A POA may prevent elder fraud due to diminished capacity
The American Institute of Certified Public Accountants revealed that diminished capacity can contribute to elderly residents becoming victims of fraud. A survey of CPA financial planners also found that a swindle influences a senior citizen's stress levels and...
Estate planning in today’s digital world
As technology continues to become woven into more and more parts of people's lives today, it has also become something that people should remember when creating or updating their estate plan. From emails to photos to online banking accounts and more, people should...
What benefits come with avoiding probate?
Probate is the process of transferring your assets to your beneficiaries through the courts when you pass away. This process ensures that funds go to pay debts, taxes, and creditors before going to your beneficiaries. Many people choose to put their assets in a trust...
Choosing a guardian for your child with autism
No one can replace a parent. Though it’s unpleasant to think about, someone else will possibly need to step in and take care of your child if something happens to you. Choosing a guardian is one of the most important pieces of estate planning because it determines who...
What happens during probate?
If you have had the recent loss of a loved one, you may wonder what to expect next in regard to his or her estate. In most cases, the estate will need to go through probate. According to the Florida Courts, probate is a legal process by which the court closes an...
When to include a guardianship
Formulating an effective estate plan in Florida is not a one-time act. Documents need revising, adding and deleting as life events dictate. A change in marital status may cause an entire revamp of an estate plan. Guardianships are not always a necessity when drafting...
