Void or Lapsed Devises
What To Do With Old Wills Updating your estate plan every few years, and particularly after a big life event (such as death, divorce, having a child, etc.), is most often an estate planner’s recommendation. That being said, people do not always follow those recommendations. Sometimes wills which are 10 or more years old are […]
What Happens To Your Florida Estate If You Die Without A Will?
There are many reasons why a person may die without a will. One of the most common is that no one wants to face their mortality and it is hard to avoid that if you are planning what happens with your estate when you die. Another is that you don’t think your estate has enough […]
Modifying or Reforming an Irrevocable Trust?
The question of whether an irrevocable trust can be changed, amended, reformed or modified is one with an almost-surprising answer. Can this happen? Yes, it can. Pursuant to Florida’s Trust Code, Chapter 736 of the Florida Statutes, an irrevocable trust can be modified if the modification or change is consistent with the intent of the […]
Unclaimed Property and Florida Probate
Unclaimed or abandoned property refers to financial assets which have not had contact with its owner, are unknown or lost, or have been left inactive or not generated any activity by its owner, or are otherwise somehow unclaimed or abandoned by its owner. Some common types of unclaimed property include bank accounts (both checking and […]
Will Planning In Palm Beach County Requires Careful Attention
On May 16, in a post titled “Will planning in Palm Beach County: some things to remember,” we told you about some important things to recall alongside the will drafting process. In addition to those things, new reports indicate that closer attention to the will planning process may be beneficial to estate plans. Palm Beach […]
Estate Planning In Florida Should Include Digital Assets
One must consider a variety of factors when planning an estate. Individuals in Florida and elsewhere will have to decide what they want done with their money and their property. Some of the assets which need to be dealt with include real estate, vehicles, stocks and bonds along with personal items. However, assets which are […]
Discussing Will And Estate Planning With Loved Ones Is Important
It is no secret that warmer southern states, including or especially Florida have a high number of retirees. But people of any age are often reluctant to talk about estate planning with their loved ones. It is generally an emotional subject which can also be scary as well. No one wants to consider their own […]
QTIP Trusts Can Help Those Who Are On Second Or Third Marriage
Marriage can make some issues more complicated. This can be even truer for financial issues such as estate planning. However, remarrying can make estate planning even more complicated, especially if there are children from a first marriage that a parent wants to protect in the event of his or her death. Luckily, there are special […]
Hoarders Can Make Estate Planning And Administration Tricky
When a loved one passes away, the person’s family is usually left behind to sort through the estate. For those who were hoarders and extreme collectors, following through on the their estate planning instructions may be challenging with the overwhelming amount of belongings stored up. At first it can be shocking for those in Florida […]
Young Can Benefit From Estate Planning
For the younger set, death is perhaps decades away. But that doesn’t mean estate planning should be too. As several legal and financial experts agree, it is important for young individuals and families to establish wills — or at the very least, appoint a guardian for minor children in the event of an unexpected passing. […]