Estate Planning

Estate Planning Probate & Trust Administration

Probate Isn’t Always Something To Be Avoided In Florida

by |January 1, 2015

Probate has a bad reputation and is often described as a proceeding that is to be avoided at all costs. It is true that when someone dies without an estate plan in place and therefore, by default most of their assets fall into a probate proceeding, the probate proceeding can be unnecessarily expensive and time consuming. However, when incorporated into a well designed estate plan, probate can have a positive role to play.

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Estate Planning Wills

Should Avoiding Probate Be Your Primary Estate Planning Goal?

by |September 8, 2014

“Does it avoid probate?” That is an important question to ask when evaluating ideas for how to leave assets to your beneficiaries. However, does avoiding probate automatically make it the best idea for your family? Is it necessary for every asset to avoid the probate process? Are there any advantages to having some assets go through probate?

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Estate Planning Wills

The Florida Homestead Rules Can Create Surprises When Making a Will in Second Marriage Situations

by |August 18, 2014

The homestead is the house that the couple lives in as the marital home. It doesn’t matter that only one of the spouse’s names is on the title to the marital home, the homestead rights still attach to the property. The homestead rights are designed to make sure that the surviving spouse does not suddenly lose his or her home upon the death of the first spouse. However, in second marriage situations, sometimes this protection for the surviving spouse is a surprise and upsets the estate planning goals of both spouses.

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Estate Planning

A Joint Account With Your Child May Not Be The Best Idea

by |April 24, 2014

Many times, as parents get older they feel that they need to add a child as a joint owner on their financial accounts. They do this for many reasons. Some feel that it is the best way to plan for emergencies. If they have added a child as a joint owner, then if something happens to them, the child can access the accounts and pay their bills. Others put a child on an account as a joint owner because they want to avoid probate. However, putting a joint owner on an account isn’t always the best way to plan for emergencies or avoid probate.

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Estate Planning

Does Your Estate Plan Think Your Oldest Child Is a Super Hero?

by |January 14, 2014

When you enter the world of estate planning, an interesting phenomenon sometimes occurs. Your oldest child becomes a super hero. This is because your oldest child sometimes becomes the child automatically chosen to act on your behalf in all situations solely because he or she is the oldest child.

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Advance Directives Estate Planning

Who Should You Name As Your Agent Under Your Durable Power of Attorney?

by |November 19, 2013

In general, your health care surrogate handles medical matters if you are not able to handle them yourself and your agent under your durable power of attorney handles your financial and other non medical matters if you are not able to handle them yourself.

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Estate Planning Long-Term Care

Estate Planning Should Include A Look At Long-Term Care Insurance

by |September 24, 2013

When people come in to talk about their estate plans, they expect to talk about what happens when they die. In fact, that is what motivates many of them think about putting together an estate plan in the first place. They want to make sure that the people they love are taken care of in case they die.

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