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…
There are many tools for estate planning in Florida. Findlaw has a nice table that summarizes the benefits provided by some of the more common estate planning tools. Be sure to talk to a Florida estate planning attorney for the details of each and your specific circumstances. This table Covers…
A Durable Power of Attorney and Health Care Directive / Living WIll are two additional documents that should be part of every family’s estate plan, in addition to a Will or Living Trust. An Advance Health Care Directive appoints someone to make medical decisions for you if you become incapacitated.…
Picking a guardian is often the most difficult part of estate planning for most parents. Your Estate Planning Attorney can help by asking you to consider While every family in Florida faces different decisions, here are a few things to keep in mind: Who do your children really care for?…
With a Florida Wills you can appoint guardians for your children and arrange to manage their property for them until they’re legal adults. Making a will is a critical first step in your plan. But in Florida a will must go through the probate process, a lengthy and expensive court…
Estate planning is something that most parents want to avoid. But it doesn’t have to be. Understanding how to make the most of your estate for your children can actually be interesting, and even fun. Taking a few simple steps now will save your children thousands of dollars later that…
Florida Trust Terms Crummey Letter A written notification to the beneficiaries that contributions of money — typically to an irrevocable life insurance trust — have been received on their behalf. The beneficiaries then have a period of time to withdraw the funds. If the beneficiaries do not withdraw the money,…
In Florida probate is a court-supervised process that is designed to determine how to transfer the assets of a decedent upon their death. Property subject to Florida probate administration is that owned by a person at death, which does not pass to others by operation of law, contract or designation…
Within one to four months (depending on the particular state) after the executor has been appointed, he is required by law to file a “complete” inventory of the estate’s assets. A Florida Probate Inventory is required to be filed within 120 days. The inventory is submitted to the court and,…
When formulating a Florida estate plan, you should contemplate body disposal and ceremonies. Writing out a statement of your preferences will likely save money and save your loved ones from additional heartache. Typically, at least one ceremony occurs when a person dies. Sometimes several ceremonies are held, either before or…