Category Archives: Estate Planning
Debunking 3 Common Myths About Florida Estate Planning
Estate planning is not a topic that most Floridians think about regularly, perhaps because they see it as morbid and depressing to confront your own mortality. There are countless individuals who take this view, but there are many others who may avoid making a will, creating a trust, or executing powers of attorney because… Read More »
Florida Estate Planning for Millennials and Young Adults
Some Millennials and young adults do not make estate planning a priority because they mistakenly believe that you must be wealthy or old – or both – to even think about developing a strategy. Results of a survey conducted by Caring.com, an online resource for information about issues facing aging adults, prove this point…. Read More »
Long-Term Health Care in Florida Estate Planning: A Look at Your Options
Floridians of all ages understand the importance of creating a solid estate plan, including a will, powers of attorney, trusts, and other documents appropriate for their unique family situations. However, many overlook one critical aspect of an estate plan: Long-term health care. Statistics about long-term care in the US from Morningstar, Inc., an online… Read More »
New Law on IRAs May Affect Your Florida Estate Plan
Whether you are still working or already retired, you may need to review and make adjustments to your existing Florida estate plan under a new federal law that went into effect in January 2020. The Setting Every Community Up for Retirement Enhancement (SECURE) Act implements key changes to many retirement plans and the rules… Read More »
4 Unusual Estate Planning Laws in Florida
Even though most people know that it is important to prepare a will and other estate planning documents, many hesitate to get started with the process because of the complexities. In fact, when surveyed, 74 percent of Americans believe estate planning to be a confusing topic – a significant factor that holds them back…. Read More »
Four Types of Wills Under Florida Estate Planning Laws
A last will and testament is one of the most important, foundational estate planning documents you prepare. It gives you control over where your assets go upon your death, thereby giving you peace of mind during your lifetime knowing that your final affairs are addressed. By law, creating a will is relatively straightforward: You… Read More »
Benefits of Avoiding the Probate Process in Florida
Though you may not know the legal details, you’re probably aware that your final affairs will go through probate when you die. Florida laws on estate administration govern the legal process, and many of them apply regardless of whether or not you have a will. Beyond these basics, you might hear a lot of… Read More »
3 Components to Integrated Estate Planning
By now, you’re probably aware that there are multiple benefits of executing a will and other estate planning documents. AARP describes a few of them in its publication on the Ultimate Guide to Estate Planning, including maintaining control over your assets during your lifetime, providing guidance to your loved ones upon death, and planning… Read More »
Florida Estate Planning Tips for Single Parents
US Census data indicates that there are 13.7 million single parents nationwide, and they’re responsible for raising 22.4 million children under the age of 21 years old. If you’re one of them, you know that parenting involves more than just daily obligations like caring for kids when they’re sick, guiding them through education, and… Read More »
What the COVID-19 Pandemic Teaches About Estate Planning in an Emergency
After several weeks of working from home and only leaving the home for essential reasons, the nation continues to feel the impact of the novel coronavirus COVID-19. While some news outlets report that the curve may be leveling in Florida other experts indicate that the reopening will spark a new resurgence. Because new information… Read More »
