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 […]
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. […]
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 […]
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 […]
Advanced Estate Planning For Florida Property
Many people move to Florida to retire. As a result, Florida has become a national hotbed for probate and estate planning. Several Florida property owners seek to structure their estate plans in order to allow assets to pass more easily to beneficiaries with the advice of area law firms. Some professionals suggest first creating a […]
New Legacy Contact Feature On Facebook
Florida users of social media may be interested to learn about the new legacy contact feature Facebook recently rolled out. Following years of criticism from family members about their inability to access deceased loved ones’ accounts, Facebook has developed a feature that allows those with a profile to designate someone who can control the account […]
Estate Administration In Florida
When a person dies in Florida, either a designated executor or a person appointed by the court will serve as the decedent’s estate administrator. During the preparation of their wills, it is important for testators to be careful when choosing an executor for their estate in order to make certain the person is competent, able […]
What A Power Of Attorney Does In Florida
The idea of ceding control over certain parts of someone’s life may not seem like an attractive idea, but there are some cases where it is best to have an individual ready to represent them. If an individual is unable to manage their own business affairs or finances, such as due to a medical issue, […]