In Florida, it is generally easy and convenient to leave funds or other assets to charitable organizations. Many people believe that they cannot afford to give to their favorite charity without upsetting the other bequests to their family and friends. That is generally a false presumption because there are various tax benefits for charitable gifts that may possibly make up for any loss in one's corpus. The best way to see what can be afforded and how to set it up is to meet with one's estate planning attorney and, if needed, a qualified financial planning expert.
Elder law planning sets one's preferences for long term care
It is highly recommended that the many retired persons residing in Florida engage in a process of elder law planning to protect the security of their remaining years. Engaging in elder law research to learn the ins and outs of long-term care planning could provide great benefits. Many people may assume that they will be maintained in their homes until death, but it does not always turn out that way.
3 things you must consider after retirement
Retirement is a time for you to relax and enjoy life after a lifetime of working hard. While you may not want to think about additional planning or life logistics now that you no longer have to go to a job every day, the reality is that there are some issues that you should not overlook now that you are in your retirement years.
Estate planning for minor children provides important protections
Parents of minor children in Florida will benefit by consulting with an estate planning attorney to determine the best measure of protection for the children in the event of unforeseen circumstances. Estate planning for minor children is very important for several reasons. The parents can each include a provision designating who will serve as guardian of the children if both parents are deceased. Thankfully, this happens rarely, but it is best to prepare so that the children are not put through additional stress and uncertainty in the event of a crisis.
