A Primer for Trust Termination

If life didn’t evolve and change so often we may be able to make better plans. However, it is only natural that life circumstances shift, and when they do, we have to make changes with them. Such is true with Trusts. In Florida, all Trusts are revocable unless stated otherwise. Most Trusts will also include specific language on how the Trust should be dissolved. If such language exists, you must comply with the Read More

Defending Against a Will Contest

It’s a fair assumption to believe that when you or a loved one has taken the time to carefully plan out your Will, designate executors, and have it notarized, that there is no room for question or concern. Unfortunately, that is not always the case, and Will contestations are more common than you’d likely believe. As frustrating as it can be to have a deceased family member’s wishes called into question, there are Read More

Estate Planning 101: Understanding the Florida Probate Process

Much like other legal processes, each state governs and adjusts their procedures accordingly. Florida probate is no different. In fact, Florida recently implemented a ”summary administration” process that allows residents to streamline the probate process, thus making it less time-consuming, and less stressful than ever before. Who Benefits From Summary Administration? Under Florida probate laws, an estate Read More

Funding Retirement Through Estate Planning

With so many options, plans, and people telling you where to put your money, it’s sometimes difficult to know where to place your funds to maximize them to their fullest potential. You are certainly not short on options! Between IRAs, 401(k)s, and trust accounts, it’s easy to get confused about the best place to put your money, especially when you are gearing up for retirement. Retirement accounts, much like Read More

On What Grounds Can You Contest a Will in Florida?

People often go through painstaking efforts to write their Wills. They take care to cross every “t,” dot every “i,” and pay for an attorney to go over it with a fine-tooth comb. All of these efforts are made in an attempt to make life easier on their family members and keep their estate out of probate courts after they pass away. Unfortunately, sometimes these efforts can be made in vain when family members call the Read More

Understanding Powers of Attorney in Florida

A Power of Attorney is a legal document that grants authority to one person over another, primarily providing the ability to make medical or financial decisions on the party’s behalf, or in the event that they become incapacitated or unable to make decisions for themselves. A Power of Attorney’s power/reach goes only as far as the person giving it specifies. For instance, a Power of Attorney may give the Read More

3 Things a Will Can Do and 3 Things It Can’t

Many people may find that the thought of preparing a Will is unsettling, if not uncomfortable. It reminds us that not only are the people and things we love temporary, but of our mortality as well. As unpleasant as that may sound, this is exactly why a Will is unquestionably necessary! Recognizing that having an up-to-date Will is important, let’s discuss what Florida state law says a will has the power to do, Read More

What is the Difference Between Revocable and Irrevocable Trusts?

Before creating a trust, it’s important to understand just what the differences between revocable and irrevocable trusts are, and any accompanying advantages or drawbacks.   Revocable Trusts Advantages A revocable trust, also known as a living trust, gives you ownership of and control over your assets. It can be changed, amended, or even terminated as you desire. This gives you a great deal of flexibility if Read More

A Brief Guide to the Responsibilities of a Legal Guardian

A guardianship is a legal provision to protect the interests of a person (referred to as a ward) who is considered incapable of managing their own affairs. Appointed by the court, guardians are granted authority to make healthcare and financial decisions, as well as other decisions that affect the ward’s day to day life. But they are also bound by a duty to act in the best interest of their ward. Some decisions that Read More

Handing Over the Reins: Where to Begin with Business Succession Planning

You may realize that you need to plan for the future of your business when you are no longer able to run it, but you may not know where to start. Planning for a future that does not involve you can be both depressing and confusing, yet it can be exciting as well. You are planning for your legacy, so it important to make time for it. Getting started with succession planning can be the most difficult part. However, Read More