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...
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Estate Planning
Important parts of your estate plan to review regularly
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....
How working with a litigator makes for a stronger estate plan
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...
3 mistakes to avoid in your Florida estate plan
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...
Major life changes that should trigger an update of your estate plan
An estate plan is a set of legal documents that outlines your wishes with respect to your assets, future and loved ones. But, creating an estate plan is just part of the process. Thanks to life changes, it is important that you review and update your estate plan to...
Here are the assets you do not have to include in your trust
A trust is an estate planning tool that allows you to designate a third party known as a trustee to hold and oversee certain assets on behalf of your beneficiary. Done right, a trust can greatly expand your options when managing your assets. From avoiding probate to...
High-asset estate planning: Pass on more to your heirs
When you have an estate of significant value, it is important to plan to protect your wealth. Planning in advance can help you avoid crisis planning so that there is always a plan in place regardless of what happens in your future. High-asset estate planning is...
Who should you choose as the agent for your power of attorney?
When beginning the process of estate planning, it is important to consider who you would like to act as your legal and financial voice should you become incapacitated. Whoever you choose receives the legal ability to speak on your behalf, so taking time to carefully...
Protecting the inheritance of your children after a divorce
In a way, divorce makes estate planning a little easier for parents. One of the hardest things about considering your own death is the idea that you and your spouse will die together and leave your children completely alone. The likelihood of that occurring after your...
What is the difference between a living will and a living trust?
Estate planning terms can be confusing, especially when they sound similar to one another. From the names, you may think that a living will and a living trust relate to one another. Actually, they are two different things. A living will and a living trust can each be...