It’s estimated that 33% of American adults have created estate plans, which means that most adults have not determined who will receive their assets when they pass away. Many people delay estate planning because they refuse to accept the fact that they will not live...
Florida law limits the chances of interfering with someone's last wishes and ensures that their chosen administrator distributes their estate the way they intended. However, it also recognizes that there can be disputes over whether the will is valid. In such cases, a...
Creating an estate plan is important, whether you have significant assets or not. It generally makes your life and the lives of your loved ones easier, even years after you are gone. However, there are circumstances where failing to update your estate planning...
Statistics report that Florida had a 28.5 percent rate of single households in 2021. It’s unknown how many of those single people understand the importance of estate planning. However, estate planning isn’t just for married people. If you’re single, there are several...
Being tasked with handling an estate in Florida is a serious prospect. You can be exposed to several legal conditions that may be entirely new. One of them will be the task of opening a probate bank account. This is the money in the estate bank account that you can...
When you are minor and are named as a beneficiary in a will or trust, the inheritance money you receive will typically be placed in a trust. This is done to ensure that the money is managed and used responsibly until you reach 18, the age of majority, in Florida and...
If you are in a blended family in Florida, then you know that things can get a little complicated. There are more people to think about, and it can be difficult to make sure that everyone remains financially secure after you're gone. That's why it's important to start...
Figuring out how your assets will be distributed after your passing is an important step in making sure your life is in order. As a Florida resident, you'll want to safeguard your assets and pass them on to the people and organizations you care most about. Many people...
When you pass away in Florida, your assets are split between the government and your beneficiaries, including your descendants, charitable organizations, and any debts you might have. Setting up a Bypass Trust will allow you to direct your assets exactly where you...
A trust may be an ideal estate planning tool for those who are eager to sidestep Florida probate laws. It may also be ideal for those who want to keep the terms of their estate secret. Typically, an individual will create a revocable living trust, but in some cases,...