Did you know that 67% of Americans have no documents, guidance or plan in place for when they die? This means that their families will have to rely on the government and probate process to determine who gets what. If you want to determine your beneficiaries and their...
If you had an estate plan before your divorce, you need to double-check it following your divorce and if you plan to remarry. Most people plan to leave some of their assets to their children. If you have children from a previous marriage and want them to continue to...
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...
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...
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....
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....
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...
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...
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...
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....
Many Family Law situations can have a big impact on your future.
Don’t forget to update your estate plan.