So, you are in “self-quarantine” or practicing “social distancing” but you have legal matters to address. What do you do – call a local lawyer or go online for services? Online legal services are a popular tool designed to save time and money, but are they a good idea and do you really save anything? […]
How often you review your Estate Plan varies on your specific needs. Some people review their Estate Plan as often as they review their financial plans. For most people, the general recommendation is every three to five years or anytime there is a major life event such as: a marriage or divorce birth of a […]
You might be surprised by how much your estate has in it. Your estate consists of: your home personal property bank accounts life insurance retirement accounts business ownership and anything else you own when you die Your Estate Plan will dictate how all of these things get handled. Without it, your assets will be distributed […]
A second marriage brings with it many changes. From name changes to beneficiaries, don’t forget to add your Estate Plan and Will to the list of things that need to be updated. Listen to this week’s Focus on Elder Law as Sherri discusses the things to consider with your Estate Planning after remarrying.
Your Estate Plan contains your will and trust, beneficiary designations, designation of pre-need guardians, nominations of agents under powers of attorney, and distribution of property and gifts. Depending on your needs, the Estate Plan may also contain a strategy to defer or decrease estate or income taxes. Wills A will is the most common element […]
If a person dies without a will, that person is said to have died “intestate”. Should the decedent die intestate, the probate assets are usually not turned over to the state of Florida. This situation would occur if the decedent had no “heirs.” If the decedent died intestate, the decedent’s probate assets will be distributed […]
Last week Sherri talked about the new Electronic Wills available in Florida. Listen in to find out her thoughts on this new option.
Spring Cleaning for Your Estate Plan As discussed Monday morning on Focus on Elder Law on WSBB 1230AM, here is a handy checklist to make sure your Estate Plan is in tip top shape for the New Year. Make a List of Items that are Important for Your Estate Plan, Estate, and Power of Attorney […]
When you die, your last will and testament will determine how your personal representative distributes your assets. But what happens if you don’t have a will? If you die without a will, then you are “intestate,” meaning the probate court will distribute your assets to your family according to a predefined algorithm described below. If […]
Building wealth can be a lifelong journey, but there’s no set age for an individual to begin planning for their retirement or for the long-term protection of their assets and wealth. Depending on your age and experience, you may or may not be familiar with the roles and functions of estate planning. There are many […]