Whether you go the will or trust route, part of estate planning involves choosing a person to execute your final wishes. The law refers to this person as the estate executor. Though an estate executor does not need specific legal knowledge, he or she should be...
Estate Planning
Beyond a will: business-owner estate planning
Many business owners know the importance of having a will. There are also other tools at an entrepreneur's disposal to help ensure the legacy of a mature small business. A considered plan could protect an estate from certain types of creditors, reduce taxation and...
How can you avoid beneficiary designation mistakes?
While wills and trusts are crucial when it comes to estate planning, they are not the only tools available. Life insurance policies, retirement accounts, and other assets come with beneficiary designations, which stipulate who will receive those assets after you die....
3 considerations when choosing a guardian for your child
It can be difficult and upsetting to imagine a scenario in which you are no longer living to care for your young children. Nevertheless, you have to take this into consideration when choosing someone to serve as a guardian for your children in the event of your death....
4 times you should update your will
Having a will can give you peace of mind. It allows you to rest assured that you have made your wishes known and done your best to provide for your family after your death. However, this does not mean you should file the document away and forget about it. There are...
What does it take to be a good trustee?
If you are setting up a trust, you undoubtedly have a million things on your mind. Indeed, you must decide what type of trust is right for you, who should be a beneficiary of your trust and when the trust should kick in. Still, choosing a trustee is one of the more...
How to prevent a will contest
Probate verifies a will's legality, facilitates asset distribution and provides an opportunity for heirs to contest a will. In Florida, no-contest clauses are unenforceable and do not prevent will contests. Fortunately, these strategies can discourage your heirs from...
How can you avoid probate in Florida?
A common part of estate planning is a will, which allows you to establish how you want to distribute your assets when you die. However, it requires your loved ones to go through a long and costly process called probate. Thankfully, there are ways to avoid it....
What duties do executors have?
The executor of an estate has a crucial role in many ways. It is important for them to have a thorough run-down of what to expect before they take on the job. But what duties do executors have, exactly? What sort of things do they watch over when it comes to managing...
Important steps for digital estate planning
Nowadays, a solid estate plan might require a close look at your digital footprint, in addition to having important documents such as a will and a durable power of attorney in place. What you need depends in part upon your lifestyle and how much you embraced social...
Many Family Law situations can have a big impact on your future.
Don’t forget to update your estate plan.