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It is important to periodically review an estate plan. You’re not always going to have to make updates to that plan. But you want to take a look at the plan and compare it to your current life situation to see if it still fits. In some cases, you’ll realize that...
There are two ways that people tend to think that they can be too young for estate planning. The first is when they are very young, such as in their teens or early 20s. They don’t have a family, they don’t have significant assets and so they don’t think it makes sense...
Some people think that any lawyer can put together an estate plan. There are even some people who forgo getting any in-person legal support at all and, instead, use boilerplate documents or cut-rate software as a means of putting together their estate planning...
There will be room in your estate plan for many of the assets that you own. People will sometimes simply make a plan that lists all of their assets and shows how they should be distributed. But you can also take more complex steps to have control over this process,...
Perhaps you started a business with your best friend from college, and the two of you have successfully run a business as partners for years now. Or maybe you are a shareholder who has invested in a business and now attends meetings to help grow the business and guide...
A medical power of attorney is an important legal document that can be added to your estate plan. If you use one, you give the power to make medical decisions to a specific agent that you select. If you are incapacitated – something people are often thinking about...
The more property you have acquired during your adult life, the bigger your estate will be after you die. Those who pass more property on to their loved ones can expect there to be more conflict surrounding their last wishes. For example, one family member may resent...
An estate plan is made up of many different parts and documents. Because of all these different elements, you may wonder what you should focus on when reviewing it. The fact is, there are some parts of your estate plan that should be reviewed more often than others....
As you sit down to work on your estate plan, you know one thing: You want to make it as strong and comprehensive as possible. You're very interested in how this is going to impact your family for generations to come, and you want to do everything in your power to make...
The biggest mistake you can make regarding your Florida estate plan is not having one. However, if you’ve decided to do the responsible thing and create an estate plan, you need to avoid some of the most common mistakes. The best way to avoid common mistakes with your...
