Category Archives: Estate Planning
What Happens to My Estate Plan When I Move to Florida?
We have been hearing about the influx of people moving into Florida for the last few years, but updated statistics shed some light on recent trends. According to Tampa’s CBS affiliate WTSP News Channel 10; 387,479 individuals relocated to the Sunshine State between April 2019 and 2020. There are countless tasks associated with relocating… Read More »
Why Coordinate Retirement Planning and Estate Planning?
At first glance, you probably assume that the only connection between estate planning and retirement planning is age. Statistics show that many people retire around 65-67 years old, primarily because they can collect their full Social Security benefit and become eligible for Medicare. This is roughly the same time that many individuals face their… Read More »
4 Florida Intestacy Laws Should Convince You to Prioritize Estate Planning
Many Floridians put off making a will, some avoid it for a reason, and still others think they do not need one considering their financial or family situation. Even if you fall into one of these categories, you still probably know the benefits of making a will. However, rather than reiterate the advantages, a… Read More »
How Your Estate Plan Can Reduce Adult Sibling Rivalry
My mother came from a large extended family full of long standing rifts. For most of my life, she didn’t speak to her oldest sister who lived across from us and that sister didn’t speak to the youngest one who was her next door neighbor. It is a family joke that she would suddenly… Read More »
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 »
