Deciding how to set up your estate plan is a major decision. You have several different tools to consider when you’re setting up this plan. Among these tools is a revocable trust. This option differs from irrevocable trusts because of its flexibility. Some people...
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Estate Planning
Can you use estate planning to name a guardian for your child?
No parent likes the thought that they may one day not be around for their young children. Unfortunately, an illness or accident could cut your life short and leave your kids without your love and protection. The good news is you can take steps to ensure your children...
Changes to estate plans
Those who put effort into crafting a thoughtful estate plan take steps that could take care of their loved ones in the event of their passing. Florida residents who think an estate plan is never subject to revisions could be mistaken. There are numerous instances when...
Creating a will when you’re young should give you peace of mind
Some people believe estate planning in Florida is only needed when you get older. However, going through this process and creating a will is essential if you're young. If you pass away, doing so will ensure you have a guardian for your children. It also ensures the...
Tips for creating a living trust in Florida
Florida residents can use trusts to reduce estate taxes and ease the probate process for their loved ones. Living or revocable trusts can be changed over time, giving the trustor more flexibility than traditional trusts. First steps to creating a living trust There...
The basics of a traditional estate
In Florida, when creating an estate plan, it is essential to understand certain terminology and the mechanics of how an estate works to distribute your assets to your heirs. By enhancing your understanding of the estate planning process, you can make informed choices...
The many reasons to create a trust
A trust is one of many estate planning tools that may help you achieve your short and long-term goals. For instance, it may be used to keep your Florida home out of your estate or to keep other assets from being subject to probate. Trusts may also be used to keep the...
Key estate planning steps
If you die without a will in Florida, not all assets will automatically pass to your closest relatives. Furthermore, intestate laws can get very complex quickly in the case of blended families. Often, a judge must decide what happens to assets, even though they never...
Deciding what to do with the family home in Florida
It’s not easy for Florida families to make big decisions after their loved one dies. In addition to the logistical and financial decisions that must be made, there are also a lot of decisions that come with emotions tied to them. One decision that combines all of the...
Choosing an attorney-in-fact in Florida
Florida residents in the middle of estate planning might have heard of appointing power of attorney. These individuals, also known as attorney-in-fact, can make legal and financial decisions on your behalf under certain conditions. When does an attorney-in-fact make...