Estate is a fancy term for items and assets that you want to pass on to others when you die. When you don't have an estate plan in Florida, the court will make the decisions for you on what happens to your property. It's not just for when you die either. You should...
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Important parts of your estate plan
By now, most people in Florida know that they should include their assets and properties in their will. However, there are a few other items that you should include in your will before you officially sign off on it. When you include more information, you'll have more...
What is will planning vs. estate planning?
People who take the initiative to create an estate plan typically make probate much easier for their beneficiaries. Writing a will is one standard step in the estate planning process, but it is not necessarily the only one. Estate planning in Florida could involve...
Establishing a revocable trust in Florida
With a revocable trust, you can retain control of your money, then distribute these assets after your death according to your wishes. When you establish a trust, you also appoint a trustee to take over its administration when you die. Review the details about Florida...
4 obstacles to the transfer of digital assets in your estate plan
With each passing year, individuals find themselves living more and more of their lives in a digital environment. From online shopping rewards and digital storefronts to social media accounts and movie collections, these digital assets can be as valuable as any...
Reducing inheritance conflict among siblings
You worked hard to be able to leave something behind for your children. Now, you need to figure out how to create a Florida estate plan that is not going to lead to turmoil between or among them. Taking time and care when creating your state plan may help reduce the...
It is best not to delay creating your powers of attorney
Perhaps you are nearing retirement and have been thinking about creating an estate plan. Aside from your will, the first documents you want to create are powers of attorney for both health care and finances, and it is best not to delay getting this done. About the POA...
What to address in a living will
An advance directive is a legal document that allows you to express your preferences with regard to the medical care you would receive in Florida, should you become incapacitated. Different types of advance directives exist, one of which is the living will. According...
Can you put a timeshare in a will?
It is possible to leave a timeshare for someone in your will. You can outline your intentions for basically any type of property that you own: Stocks, vehicles and even complex real estate interests. Whether you want to use this strategy would depend on your unique...
Can you plan your estate too early?
Some of the most compelling reasons to plan your estate may seem irrelevant when you are young. However, developing an estate plan at a young age may give you lifelong benefits including control of the things that are most important to you. Because there is no such...