A Brief Overview of the Explanatory Letter

Once you have created all of the essential documents that should be included in a solid estate plan – including a Last Will and Testament, Living Trust, General Power of Attorney, and Advance Healthcare Directive, to name a few – you might find that some decisions and loose ends need to be clarified. Fortunately, there is a perfect opportunity to accomplish this through the explanatory letter (sometimes called a Read More

Understanding the Florida Healthcare Directive

The contents and nature of your estate plan are deeply personal and unique to your situation; the plan for a family member or, even, your own spouse will be different than the one for you. A Last Will and Testament is a good starting point, but many Floridians need more forms to have a truly effective estate plan. One form that is important for the vast majority of estate planners is the advance directive, sometimes Read More

HIPAA Authorization: Why You Need It

Since 1996, the Health Insurance Portability and Accountability Act (HIPAA) has sought to limit the release of sensitive personal medical information to third parties for the purpose of maintaining individual privacy. It also provides for a secure, tightly controlled way for your PHI (private health information that could be potentially identifiable) to be shared among your health insurance providers.  How Does Read More

Florida’s Inheritance Rights Explained

A valid Last Will and Testament takes away much of the guesswork and uncertainty over inheritances when a decedent’s estate is being settled. This legal document allows the decedent to distribute property and assets to beneficiaries as he or she desires, which are not obligated to line up with Florida’s intestate laws. Intestate laws govern the distribution of items of a decedent’s estate in the event that there Read More

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