Asset Exceptions to the Laws of Intestate Succession

In the broadest definition, intestate succession is the court-mandated distribution of a deceased individual’s assets prompted by the lack of a will. When a person dies, the spouse and other heirs receive assets that fall under intestate succession laws, which provide for the disposition of assets based on the decedent’s familial circumstances at the time of his or her death.Florida residents that die before Read More

Invalid Testaments: Florida Holographic & Nuncupative Wills

For obvious reasons, there are extremely strict laws and regulations surrounding the creation of an individual's Last Will & Testament. Wills provide significant incentive for fraudulent behavior and coercion on the part of those who stand to benefit from inheritances provided in the will.The law seeks to ensure that that the wishes of the will's testator (person who created the will) are appropriately and Read More

The Durable Power of Attorney: What It Is and Why You Need One

Life is nothing if not unpredictable. No one expects to be abruptly incapacitated until it happens to them. Whether you suddenly fall ill for a short period of time or find yourself in a coma following a car accident, you’ll want to make sure that you already have everything in place you may need to ensure all of your obligations are fulfilled and that your wishes are carried out as you intended.The fact is, when Read More

Payable On Death: Keeping Your Bank Accounts Out of Probate

Let’s face it, probate can be a serious hassle. It can be a long and drawn out process, and it has the potential to get very expensive when you have a complex estate. Fortunately, there are a variety of tools available that may be able to help you keep certain assets out of probate, or potentially even allow your estate to skip probate entirely.One of these useful tools is the “Payable-on-Death” (POD) designation Read More

CHARITABLE GIVING OPTIONS IN FLORIDA

Florida residents who want to positively contribute to charitable efforts have a myriad of options on how to do so. Certainly, there always exists the option to simply write a check or make a credit card donation to any number of charities. Many organizations also accept donations of items that can be then sold and turned into profits for their charities. However, there can be many situations in which these giving Read More

ORAL WILL NOT ALLOWED TO STAND IN FLORIDA PROBATE

America essentially developed as a melting pot of different cultures and that reality has anything but gone away as the country has grown and aged. Today’s society is increasingly global and Florida’s diverse population is perhaps one of the best representations of that. One of the challenges of this can be how to address estate planning when assets are owned in multiple countries. The existence of potential heirs in Read More

Florida Estate Planning: 5 Reasons You Need More Than a Basic Will

When people think about end of life planning, the first thing that usually comes to mind is the last will and testament. This is the most common legal document for deciding what will happen to your belongings after you pass. For many people, a will is all they will need in terms of estate planning. It is important, however, to know when you are in a position where you’ll need to use other estate planning vehicles Read More

WHERE SHOULD I STORE MY WILL?

By creating a will, you have taken an important step in prudent future planning for yourself and your family members in Florida or in other states. But, now that you have your will done, what are you doing with it? Have you simply put it in a filing cabinet along with your bills and other financial documents? Does anyone know where it is? Are there multiple copies of your will?These are just some of the questions Read More

WHY MILLENNIALS NEED TO ENGAGE IN ESTATE PLANNING

Estate planning. If you are a young Floridian in the millennial generation, just hearing that term may make you immediately think about your parents or grandparents. But, before you stop there you should think more closely about your own self and your own life.You like to go rock climbing or motorcycle riding on the weekends. You're planning your first parachute jump. You drive every day. All of these things are Read More

ESTATE PLANNING WITH SPECIAL NEEDS CHILD

If you are the parent of a child in Florida who has a disability or some form of special needs, you may be wondering how you can financially provide for your child after you die. Taking into consideration the needs of your child for the rest of his or her life should be done when making any of your own estate planning and retirement plans. This may or may not include the appointment of a guardian depending upon your Read More