Your estate plan often contains many different components. Altogether, it can seem difficult to review the entire thing. This will certainly get old quickly, especially if you plan on sticking to expert advice and reviewing your plan every 3 years. So what can you do...
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Estate Planning
Is it time to contest your loved one’s will?
You want your loved one’s legacy to reflect their wishes -- and, if it doesn't, you may be left with questions. What prompted the changes to their estate plan? Is it still possible to protect their legacy? In some cases, contesting their will might be the best way to...
3 elements of undue influence in estate planning
Estate planning documents, such as wills, should reflect their drafter’s genuine intentions. That is not always the case, however. Sometimes, an unscrupulous person takes advantage of the estate planner to receive some benefit from the estate. Undue influence, one of...
When should you start thinking about your estate plan?
Some people believe that estate planning is only for the elderly. However, estate planning is a good idea for anyone, at almost any age. Estate planning provides many benefits to people in all stages of life, from young parents just starting out, to middle-aged...
A health care directive enables control over medical treatments
Members of the baby boomer generation may have unique requirements when creating an estate plan. Issues of medical preferences often require special attention when the preferred choices do not reflect traditional or standard treatments. An individual may wish for...
Parties to a trust
Every trust has different parties that have different rights and obligations based on their role as expressed in the trust instrument. The settlors are the people who are signing to set up the trust. The settlors may also have other roles, but their only role may be...
What is a ladybird deed?
A ladybird deed is a deed that allows you to retain control of your real estate while you are living but you designate the individuals who you would like to take that real estate after you pass away. According to the American Council on Aging, a ladybird deed allows...
Should you update your estate plan?
As a resident of Florida who already has an estate plan, you may think this is enough and that you can stop thinking about estate planning. Unfortunately, that is not entirely true. As things change in your life, you will want your estate plan to be as updated as...
Blended families and estate planning
When a couple in Florida makes the choice to get married, they often spend a lot of time discussing plans for their wedding. A lot of energy also commonly goes to the logistics of their new post-marriage life including where they will live, when each person's children...
Do you know how to discharge your duties as executor?
Serving as an executor, or personal representative, of a deceased family member or friend is a solemn undertaking. The decedent no doubt felt that you were trustworthy and capable of carrying out his or her wishes. However, now that the time has come to act, do you...