Getting divorced is never as simple as signing a piece of paper. First, the emotional and psychological adjustment to the end of your marriage can take a long time. From the legal perspective, it can feel like there are a thousand things you must do before your...
5 things you need to know about creating medical directives
Your estate plan must go beyond addressing money and assets. An effective estate plan also should have advance medical directives, which include important legal documents related to the medical care you will or will not accept. Granted, it may make you uneasy to...
The basics of beneficiary designations in Florida
When estate planning, it is important to pay attention to beneficiary designations, which determine who will receive your assets when you die. This is often one of the most overlooked aspects of estate planning, but it can be one of the most important. What are...
What is a special needs trust, and how does it work?
Many Florida residents have family members who are disabled. If you are one of them, you might want to consider creating a special needs trust for your loved one. What is a special needs trust? A special needs trust is a legal arrangement that allows a person with...
How your will should change after remarriage and stepchildren
Upon remarriage, an astute person knows that this represents one of the many times to update a will as part of an estate plan. Remarriage is a life change that signals the need to revise your will. Other times include the birth of a child, divorce, death of a...
Who should be the executor of your estate?
Estate planning is a serious decision that everyone should consider. Despite how important it is, less than 60% of Americans have an estate plan. Part of estate planning includes deciding who will act as your estate administrator. Estate administration is a serious...
Talking to loved ones about estate planning
The loss of a parent can be a traumatic experience, and it can be even more stressful if you aren't sure how to settle their affairs. If your parent lacks a will or trust, their estate will likely be distributed per Florida intestacy laws. If your parent does have...
3 options for including investment properties in your estate plan
Developing a comprehensive estate plan seems to get more challenging with every asset you acquire. From family homes and vehicles to digital assets and a private business, it takes significant planning to ensure your end-of-life decisions are meticulously detailed....
Estate planning for new grandparents
Florida residents know that being a grandparent gives you a lot more to think about in terms of what happens after you're gone. Many grandparents adjust their estate plans to account for grandchildren, which can be a challenge if you've never done it before. Estate...
Estate planning for rising interest rates
Many financial experts are predicting a likely increase in interest rates, creating concerns among those with estate plans and the impact the shift will have on them. Rates have enjoyed record lows from 2010 to likely the end of 2021. However, change may be on the way...