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I think it’s important to make sure that your whole family has an estate plan in place. An estate plan will differ depending on if it’s simply you and your spouse or if you have children, and the age of your kids. Your children may not need wills done while they’re young, but it is

When you’re deciding on your estate plans, there are different things to think about. If your children are young, you’ll want to include things like a guardian designation. On the other hand, when your children are grown, there are topics and details that may be best discussed without them present, but the basics of which

Florida Snowbird Estate Planning Estate Planning in Florida for Newly Retired Residents When you move south for retirement, many might be focused on a warmer climate. Don’t let estate planning slip your mind during this time. It’s important to know that what you planned in your northern state might create unintended consequences when it becomes

Rights Of Survivorship And Payable On Death Accounts Did you know there are tools available at most financial institutions, including banks, brokerages, and retirement accounts that can help with your financial estate planning? These institutions typically allow for your accounts to have “rights of survivorship” whether held as joint accounts or designated as payable on

There is no one final answer. It’s more of an evolving concept. A lot of life events can change who a person is and what they desire. Look at large life events such as marriage, having children, or going through a divorce. Even at retirement, you may want to stipulate changes. Those are all times

When it comes to the financial approach of probate, there are things you’ll want to know. Probate can become lengthy if people contest it through litigation, which can also drive up costs. What when your Estate goes to Probate? Your Estate will be opened in court. If you pass without a will, then the court

Florida and the Durable Power of Attorney. What you Need to Know. Since 2017, a law was put into place that stated both power of attorney documents and durable power of attorney documents must be signed by two witnesses. Prior to this change in the law, general power of attorney documents didn’t have this requirement.

A revocable trust is a way to save your family from going through a difficult probate. Quite frankly, it saves you a headache. Probate is the legal term for how the court interacts with a will or estate. If you don’t have a will, your property and assets must go through probate to be distributed

  Let’s be honest, there’s no way to know what the future holds. If you can’t make medical decisions, who would you want to make them for you? That’s what a surrogate does in this situation. Who do you trust with your life? By designating a person (Healthcare Surrogate Designation) to be in charge of