Category Archives: Estate Planning
Do I need an Advance Directive as Part of My Tampa Bay Estate Plan?
Drafting a will, setting up a trust, and deciding who gets what assets are only a portion of what a complete estate plan should include. Another important aspect to address is what should happen in the event you become incapacitated. If you are seriously injured or develop dementia later in life, you may not… Read More »
What Role Do Personal Representatives Play in a Florida Probate?
When you set up an estate plan, you will be asked to designate a number of potential positions, including a personal representative, or executor, of the will. You may also hear of a personal representative or executor referred to as an administrator. The terms may be somewhat interchangeable between states, but the individual duties… Read More »
Common Myths and Misconceptions about Probate Administration in Florida
It’s understandable that most people don’t want to know much about probate. Let’s face it, who wants to focus on topics that deal with your death? However, estate planning and probate basics are important to understand. You should be prepared, especially when other people are depending on you. If you are unprepared, it can… Read More »
What You Need to Know About Estate Tax in Florida
Florida is an attractive state to live in for several reasons. It is only one of seven states that does not have an income tax. Also, Florida does not require inheritance and estate taxes. The Sunshine State is so popular that over 300,000 people move to Orlando every year. Every day, 906 new residents… Read More »
What Does Joint Tenancy Mean And Why Does It Matter To Florida Landowners?
Paying off a home mortgage is something many Americans work toward for many years. Those who can make that final payment do so with a sigh of relief. Whether or not you own your home outright, you can legally transfer your property interests to your spouse or another person after your death while avoiding… Read More »
Should My High School Graduate Have a Durable Power of Attorney?
Parents work incredibly hard. You’ve cared for, clothed, fed, protected, and encouraged your child who just graduated from high school. Perhaps your child is heading off to university far away, joining the military or staying at home to figure out what comes next. In any case, it is wise to consider what legal documents… Read More »
Estate Planning for Small Business Owners
If you own a business, you know what it’s like to sacrifice your time and energy to build your company. You’ve worked hard to create an successful business and source of income for you and your family. What will happen to your Florida small business upon your death? Having a business estate plan can… Read More »
What Is a Florida Revocable Trust and Do You Need One?
More than half of Americans do not have any estate planning documents in place. However, even if they have a Last Will & Testament as their primary estate planning document, their estate still will be subject to Florida probate courts. Entrusting your life savings and assets to a probate court comes with a host… Read More »
Three Estate Planning Tips for Newlyweds
Congratulations on your upcoming or recent marriage! You’ve spent time and care planning your wedding and honeymoon, and now is a great time to evaluate your estate plans. Now that you’ve legally joined your lives, it makes sense to have a comprehensive Florida estate plan that addresses both of your estates and any join… Read More »
How to Help Your Aging Parents Manage Their Finances
Around 15% of the population is over age 65. Between 2014 and 2015, the number of citizens aged 65 and older grew by 1.6 million people, according to the United States Census Bureau. With the population of aging Americans growing, it is crucial to consider the best way to support one’s aging parents. Adults… Read More »