A durable power of attorney is to provide a mechanism for reducing a person’s estate by making gifts of his or her assets. A similar objective in a smaller, nontaxable estate may be to make the principal eligible for Medicaid planning or assistance. In either case, it is prudent, and…
NOTE: Check with your Florida Estate Planning Attorney or one from your state on the effects of a reverse mortgage on your estate planning goals. Today, many financial planners and insurance agents are advising seniors to consider reverse mortgage as a way to pay for healthcare and/or home exspense. Reverse…
For an understanding of Estate Planning you might read an article for some background. Mark A. Cline has written an article about the value of trusts for Megayacht news online where he talks about Trusts not only being for wealthy individuals. I am not sure any people who are not…
Florida Estate Planning Checklist This initial estate planning questionnaire is presented in a narrative form. The detailed explanations and the space provided for answers are designed to garner more complete and helpful information than would be afforded by merely filling in blanks. ESTATE PLANNING REVIEW FOR__________________________ The purpose of this…
Some Estate Planning Attorneys, practice in a specific region and others are State Wide Estate Planning Attorneys. Findlaw has a list of estate planning law firms, lawyers, and attorneys in the following cities in Florida. They also have an advanced search for additional cities. Not all of the attorneys specialize…
NOTE: This is a basic overview of estate planning, and not specifically for Florida estate planning purposes, This information may help you to develop a general understanding of estate planning. It is not designed to replace what a Florida estate planning attorney can do for you and you should consult…
A firm in Dallas has created a program to help widows deal with financial planning. They state that the average age of a widow in America is 56 and that offen estate planning was not created to provide for widows as they need. They do a preliminary evaluation and work…
The following is a worksheet that should be competed as accurately as possible. The details on this sheet will help a life insurance professional and your Florida Estate Planning Attorney determine what is the appropriate amount of life insurance that is needed. Life Insurance Worksheet
Life Insurance options with Florida Estate Planning • Term Insurance – provides a preset amount of cash if you die while the policy is in force. • Permanent Insurance – more expensive than term insurance, but it can never be cancelled. • Whole Life Insurance – provides a set dollar…
Florida residents who die with minor children should be concerned with who will raise their children? One of the most important reasons to have a will in Florida or any state is to have the ability to select the person who will take care of and raise your children. It’s…