Tag Archives: Estate planning
A Power of Attorney can be a flexible estate planning tool
Solid estate planning can really help bring peace of mind and can clearly delineate a person’s final wishes. However, there are still some Florida residents who fail to see the many advantages of estate planning. Some of them have not even developed simple power of attorney. That is unfortunate since a POA can become… Read More »
Are there advantages to creating a special needs trust?
Many senior citizens in the nation depend on the benefits provided by government programs such as Supplemental Security Income and Medicaid. Some really need it because they may be physically or mentally disabled and unable to care for themselves. But what happens if a disabled senior citizen receives some monetary assets due to the… Read More »
How to stop heirs from fighting over an inheritance
The idea behind most estate plans is to clearly indicate what will happen to a testator’s various assets. Unfortunately, some beneficiaries get upset with what their beloved family member left them and they feel that other heirs may have received items that they think should have gone to them. The result is a squabble… Read More »
What information shouldn’t be part of a will?
Creating a will as part of an estate plan can be a daunting task for many individuals. That’s why many rely on estate planning professionals to help them put together a solid will that takes care of all of their needs. But, it’s important to remember that while a will should be as thorough… Read More »
Estate planning for blended families
Many more families today are blended than may have been the case in years past. Blended families can present unique challenges concerning estate planning that individuals considering how to approach estate planning should be aware of. Effective estate planning is always a good idea but it can have especially important implications in cases of… Read More »
Avoiding estate planning mistakes
Protecting your estate is important, and there are many ways in which you can do that. Unfortunately, there are also many estate planning mistakes that can be made, and these can be very costly. These kinds of mistakes can put your future and the future of your beneficiaries at risk, and you might not… Read More »
A will can be an essential estate planning document
Estate plans can vary in complexity. For individuals who have sizable assets, they can include a variety of documents, including several different kinds of trusts such as irrevocable trusts, revocable trusts and even special needs trusts. But, while someone who has much more modest assets may not need many of these different estate planning… Read More »
Are there ways to avoid court-appointed guardianship?
Many senior citizens fear the complications of old age. They’re afraid of not being able to perform the physical activities that they once did. They may also be afraid of becoming mentally incapacitated and losing control of their assets by having a court-appointed guardian assigned to them. But, are there ways to avoid this… Read More »
The importance of updating your estate plan
Many people think that once an estate plan has been developed, that’s one more item to cross off the to-do list. Just slip it into a drawer and forget about it. Nothing could be further from the truth. With every year comes change to accumulated and available assets. And one of the most important… Read More »
Basic differences between wills and trusts
Most Florida residents know that they need an estate plan. It doesn’t matter if their assets are comprehensive or more modest in size; they know that the best way to make sure that their final wishes are followed is to develop a good estate plan. They probably also know that wills and trusts form… Read More »
