As Parents Age, Preparation Is In Order
More than 42 million individuals provided daily care for an adult family member in 2009, according to data published by the American Association of Retired Persons. Nearly 62 million more provided at least some care throughout the year. That number will likely continue to grow as baby boomers age. So what can children do now […]
American Adults Save Only Half Of Inheritance
A new national study conducted by researchers at Ohio State University’s Center for Human Resource Research found that adults who receive an inheritance save approximately half. The remainder is spent, donated or lost. For many retailers and others who stand to benefit from those who spend or mishandle monetary legacies, that statistic bodes well. But […]
Consider Debt When Planning Your Estate
When planning for the future, many people tend to focus on asset division. However, before you will your Florida home and its contents to your son or daughter, it may be wise to factor debt into the equation. Typically, personal debt will lie only with the borrower and cannot be passed down to children or […]
Estate Planning Decisions For Couples
Structuring your estate plan can be a big headache. But while some couples reach for the Tylenol bottle, others draw up divorce papers. So how can you ensure you and your spouse or domestic partner remain close throughout the process? Consider the type of representation that is best suited to your needs as a couple. […]
Britney Spears’ Fiancé Named Co-Conservator
When a person is no longer able to appropriately manage their own finances or make major life decisions on their own behalf a Florida court may determine that a guardianship or conservatorship is in order. This allows an agency or person to act as their guardian and act on behalf the incapacitated to ensure that […]
Why Will Planning Is Essential For Florida Estates
When we die, we not only leave our loved ones behind, we also typically leave behind a number of assets. These may range from bank and investment accounts to family heirlooms, and many people in Florida and elsewhere often assume that their loved ones will divide these assets in a fair and reasonable manner prior […]
Estate Planning: Death Doesn’t Make Appointments In Palm Beach
Death does not operate on a schedule. It doesn’t matter what plans we have set forth for a particular day, week or month – death usually does not make an appointment. The same is true for people in Palm Beach and all over the United States, all over the world for that matter. A recent […]
Will Planning In Palm Beach County: Some Things To Remember
If you already have a will in place, you’re ahead of the curve. In fact, most people in the U.S. find themselves ill-prepared when it comes to end-of-life planning – residents of Palm Beach County are no exception. Unfortunately, having a will is only a fraction of the documentation necessary to be fully prepared for […]
Guardianship In Palm Beach County: Terminology Often Confusing
For years Palm Beach County citizens who have gone through the judicial system have been thoroughly confused due to the large array of legalese bandied about during probate court proceedings. This language, whose origin dates back generations, has long been utilized to clarify certain aspects of court proceedings by trained legal professionals. Despite the clarity […]
Estate Tax Planning Doesn’t Have To Be The Focus Of Estate Plans
Florida residents who have engaged in the estate planning process may be aware that it is more complex than merely deciding who gets the family condo or grandmother’s prized china. In fact, there may be more variables to the process than most people realize when they get started, such as estate tax planning, which is […]