How are your Debts Handled After you Pass Away?

Hopefully, you have at least given some thought as to how you want your estate divvied up when you pass away. A properly crafted Will gives direction on your beneficiaries’ inheritance, as well as who you want to execute your Will. A last Will and testament that does not name an executor or an estate that was never planned for in the first place causes the Florida circuit court in the decedent’s county of residence Read More

5 Reasons to Revisit your Estate Plan Annually

If you have gone a year or more without looking back over your estate plan, we strongly suggest you make time to do so. Retirees’ situations are changing constantly now, with people working longer than they used to and retirees starting new businesses at a greater rate than years’ past. Blended families are becoming more common now, which presents more options in regards to beneficiaries in Wills and other estate Read More

Understanding your Responsibilities as Executor of a Will

Being named executor of an estate is an honor and a great responsibility. You should feel satisfied that someone, whether it be the decedent or probate judge, has entrusted you with distributing their prized possessions and other assets after their death. At times, though, it can feel like a burden for which you never requested. Outlined below are some key points to help familiarize you with the unique Read More

Disaster Proof Your Documents!

The importance of creating an estate plan before death cannot be overemphasized. A properly thought-out estate plan will ensure that your wealth is distributed according to your wishes upon your passing. Unfortunately, certain unexpected events such as hurricanes and other natural disasters could easily ruin your estate planning documents and jeopardize your efforts. The good news is that there are certain measures Read More

Estate Planning Basics: Will You Qualify for Medicaid?

If you need long term care and cannot afford private medical insurance, you’ll need to apply for Medicaid. Medicaid is a health care program that is run and administered by federal and state governments. It is essentially designed for low-income American citizens who are disabled or aged 65 and above. Here is everything you need to know about Medicaid eligibility and whether you qualify for the program.  Medicaid Read More

Understanding the Role of the Personal Representative in Probate

A personal representative is one of the key figures in probate proceedings. In this formal process overseen by the court, a personal representative plays a crucial role in managing the deceased person’s estate. An effective personal representative may ensure that the decedent’s assets find their way to the appointed heirs and beneficiaries without any unnecessary delays. Since probate proceedings can be Read More

3 Lesser Known Florida Trusts and How You Can Benefit from Them

Trusts are excellent estate planning tools. Their main advantages lie in their flexibility and versatility. A person’s assets and money can be organized in different kinds of trusts according to that person’s individual needs, family situation, and estate planning goals. In this article, we will present a brief overview of 3 trusts available to Florida residents that may be lesser-known but can provide enormous Read More

3 Benefits of Having a Will in Place

While most people adequately plan and manage their daily affairs, however, many fail to make adequate arrangements related to the distribution of their property after their passing. For example, according to statistics, as much as 60% of Americans have no valid Will in place. A Will is an essential estate planning document every adult should prepare - regardless of their age or the value of their property and assets. Read More

A Brief Overview of Life Insurance Trusts

Just like tools in a toolbox, legal instruments related to estate planning can be simple and versatile - like Wills or Powers of Attorney - or complex and precise, allowing a person to achieve specific goals related to the unique circumstances of their estate. Life insurance trusts are one of the more advanced estate planning instruments. Read on to learn what they are and in what circumstances it may be useful for Read More

3 Ways You Can Minimize Your Estate Tax

One of the primary reasons to create an estate plan is to ensure that a person’s wealth will be swiftly and effectively transferred to their heirs. The estate tax, however, can often get in the way of fulfilling this goal by reducing the amount of wealth the deceased person’s family members will receive.  The estate tax is a federal tax levied against the net value of a decedent’s estate owned at the time of their Read More