Do you need a power of attorney if you have a living trust?
Do you need a power of attorney if you have a living trust?
Even though a dementia diagnosis is likely to stop you in your tracks, you are not alone in the future you face. In fact, the Centers for Disease Control and Prevention estimates that roughly 6.8 million Americans are living with dementia. About 200,000 of these ...
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What is an advance directive?
What is an advance directive?
When making an estate plan, you may initially focus on how you can set things up for the future after your death. Of course, this is a crucial matter to cover, and you want things to run smoothly in terms of transference of assets and ...
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Why is it important to choose a good executor?
Why is it important to choose a good executor?
Having an estate plan can help you articulate your plans for the future. Within your strategy, you can provide your family with instructions for the distribution of your remaining assets after your death. Seeing that your plan functions as you intend will require the participation ...
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What can a trust accomplish that a will cannot?
What can a trust accomplish that a will cannot?
A will is an undeniably important part of a Florida estate plan, but there are limits to what you might be able to do through a traditional will. Certain estate planning tools, such as trusts, might enable you to do things a will does not, ...
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What mistakes make your estate plan messy?
What mistakes make your estate plan messy?
Creating an estate plan is already a monstrous undertaking. It will cost time, money and effort, and you may often end up tripping over unfamiliar legal jargon among other issues. But you can still streamline the process as much as possible. One way to do ...
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Should homebuyers create estate plans?
Should homebuyers create estate plans?
The recent trend in the housing market has shown that supply is low, demand is high, and prices have reached a peak in a seller’s market. More young people have hit the market to buy their first home, which is a big step for many. ...
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When should you review your estate plan?
When should you review your estate plan?
When you first work on an estate plan, you may not realize one important factor: your maintenance will last longer than the creation of the plan itself. After the initial creation of the plan, you will have to continually maintain it throughout your life. But ...
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Have you planned for estate taxes?
Have you planned for estate taxes?
You work throughout your life to accumulate assets to (hopefully) pass on to your beneficiaries in Florida. Putting plans in place to avoid probate or settle liabilities prior to your death help to ensure the preservation of as many of those assets as possible. Yet ...
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Common estate planning mistakes to avoid
Common estate planning mistakes to avoid
Estate planning can be a burdensome task that you might rather avoid, but it is an essential part of preparing for the end of your life. Your will or trust ensures that your loved ones have everything they need after you pass. As you prepare ...
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Why should executors have good communication with heirs?
Why should executors have good communication with heirs?
If a parent has asked you to serve as the executor for your parent’s estate, you should know that you will have to communicate with estate beneficiaries concerning the estate. A failure to keep heirs in the loop could cause them to suspect you are ...
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