How Will Probate Affect Your Blended Families? Estate planning is about preparing for the future. It centers around someone who wishes to make the hard decisions now so that their family and loved ones are not left to manage or argue over an estate and its assets. There are numerous reasons why anyone with property or a bank account should create an estate plan. The complexity of each person’s plan varies depending Read More
Does A Will Pass Through Probate?
Though there are many misconceptions about estate planning, one of the more common ones is that having a will excludes you from going through probate. However, you still have to go through probate when there is a will and no living trust. Some are firmly against probate simply because they have been told to avoid it. Make the educated choice by first understanding what probate is and having a discussion with your Read More
5 Times When You Need To Update Your Estate Plan Right Away
Your Estate Plan is uniquely crafted to fit you. It should reflect your personal life experiences, goals, and relationships. The funny thing about life is how often those change – and, consequently, your Estate Plan should be changing along with them. Here are 5 times when you need to update your Estate Plan as soon as you can: You Moved To Another State Since probate is handled differently in every state, your Read More
4 Reasons Why Every Adult Needs an Estate Plan (Especially Parents)
While most people have heard of a Will, they probably do not know the full extent of Estate Planning. Estate Planning is the process of working with an attorney to create a legally binding plan for what will happen to your belongings and property (known as your estate) and your remaining money (known as your assets) after you pass away. It also has many more benefits and uses beyond just that. Estate Planning is not Read More
The Effect of Covid-19 on Time-Sharing Agreements
In this article, we will discuss how time-sharing agreements have been affected by Covid-19 and what can be done moving forward to limit disagreements in the wake of the pandemic. The concept of time-sharing exists in Florida to reduce the confusion surrounding the “custody” of a minor child and the various complexities that arise out of deciding how the child should spend time with each parent. Florida Statute 61.13 Read More
Protecting your Assets from Creditors and Avoiding Probate
Having estate planning documents helps you legally determine how your assets would be divided after your death according to your wishes. Doing an estate plan will help to save your family from hassle or difficulties with respect to your assets after your death. The assets you own will be transferred over to the beneficiaries that you designate in your estate plan, and it will be dealt with as per your wishes. Estate Read More
Differences Between a ‘Last Will and Testament’ and a ‘Living Trust’ under Florida Law
Everyone wishes for the well-being of their family members and loved ones after they are gone. Surely enough, you feel the same way. But this isn't a pleasant thing to do. No one wants to plan what happens after they have passed. However, it’s a legal necessity. In the Sunshine State, you often have two options to plan these affairs - a last will and testament or a Living Trust. As you can imagine, the debate Read More
What Happens When You Pass Away Without A Will In Florida?
Most people don’t take estate planning, especially preparing the will part, very seriously. No one likes to plan their after-death plans while they are enjoying life. We get it! But dying without a will in Florida can have far-reaching consequences. It’s no wonder the one question we most commonly face as one of the leading estate planning attorneys in Florida is: What happens if you die without a will in Read More
Protecting Your Family Through Probate
Probate can be one of the most important consequential court processes related to your passing. Even if you have a will, the probate process may still be necessary and can result in some unintended consequences leaving your loved ones with the added stress of distributing your assets and paying your debts from the estate. Taking this one step further, your will could even be contested in court if not properly Read More
The True Purpose of Estate Planning
Whether you are approaching retirement age or are simply thinking about your family’s future finances, estate planning is something that should be at the top of mind. Why is this? Ultimately, it comes down to this simple fact. Estate planning can go a long way in preserving your wealth while minimizing potential tax payments. Especially if you have created significant wealth in your life, estate planning can ensure Read More