Category Archives: Estate Planning
The Essentials for a Florida Estate Plan
While it may not be your favorite topic of conversation, preparing your estate prior to your passing is an essential part of being prepared for the inevitable. In making such plans, having a comprehensive estate plan is among the most vitally important things you can do to secure your wishes and assets and protect… Read More »
What is a Special Needs Trust in Florida?
Those who have disabled loved ones, children, or grandchildren and are concerned about what will happen to them once they pass away can create a special kind of trust known as a special needs trust. Supplemental or special needs trusts, also called SNTs, are strategically designed for the purpose of caring for a disabled… Read More »
Estate Planning After Gray Divorce
A disproportionate share of divorce cases involve people over 50. On the one hand, gray divorce can be a relief. A main motivation behind this phenomenon is people realizing that, now that their children have grown up, life is too short to stay in an unhappy marriage. Of course, for every recently divorced senior… Read More »
How Long Can a Retired Millionaire Survive in Florida?
Sure, you have heard all the gloom and doom in the news about how households with an income of $100,000 per year are living paycheck to paycheck, but that does not apply to you. One of the nice things about being old is that you don’t have to worry about all the problems that… Read More »
Your Business Succession Planning Checklist
As a business owner, you have a lot to think about on a daily basis. It is important, though, that you do not overlook the importance of business succession planning. With a succession plan, you can make any transfer of the business smooth and seamless if you ever intend to leave it. If you… Read More »
How Do I Modify a Living Revocable Trust in Florida?
A revocable living trust is a popular choice for many people creating estate plans, as it offers ways to avoid probate, protect assets, and keep personal, financial matters private. It also provides flexibility, since the definition of revocable trust means that it can be modified or terminated by the grantor. Just as with other… Read More »
Mistakes People Make When Creating a Will in Florida
To start, the first, most impactful error with preparing a will is not doing it at all. According to Senior Living magazine, older Americans are expected to transfer more than $36 trillion in assets to loved ones, charities, and other beneficiaries. Unfortunately, approximately one-half of these individuals do not have a will, despite knowing… Read More »
Estate Planning Documents To Organize NOW
Time can easily get away from you with the hustle and bustle of daily routines, balancing your own work and personal needs along with family. You set priorities to manage the most important tasks, putting others aside for another date. Unfortunately, far too many people put estate planning in this “save for another time”… Read More »
3 Ways To Improve Your Florida Estate Plan Today
It was a wise decision if you already created an estate plan, as you know that these documents are essential to protect your legacy, provide guidance for incapacity, and make things easier on loved ones at your death. Unfortunately, not as many people have not taken the steps with estate planning. According to the… Read More »
4 Reasons Even Non-Millionaires Should Consider A Trust In Estate Planning
It is the most common reason that people use to justify not creating a trust as part of their estate planning, so there is a good chance you have either heard the excuse or even stated it yourself: A lack of wealth. Approximately 1 in 3 respondents to a survey conducted by Caring.org stated… Read More »
