Creating your plan is the first step in the estate planning process—you must review and update it routinely to ensure it meets your needs and accounts for any changes in the law. Sometimes, you may only need to make simple changes, which you can probably do by adding...
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Estate Planning
2 estate planning must-haves you shouldn’t overlook
In the ever-evolving landscape of financial security, estate planning stands as a foundational pillar for individuals and families alike. It’s an essential tool to help preserve your legacy and to better ensure that your hard-earned assets are distributed according to...
A brief look at capital gains tax and inherited property
If you’ve owned your Florida home for many years, you’ve likely seen it increase in value considerably. If you paid off your mortgage, it’s likely your most valuable asset. As you develop your estate plan, you may be considering leaving your home to your adult child...
What is a revocable trust?
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...
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...