Many Americans do not have wills. According to AARP, the majority of people over the age of 18 do not have one. For obvious reasons, most people in their 20s do not think about estate planning. However, starting your will in your 20s gives you a headstart later. What...
Estate Planning
3 estate planning consideration for parents with minor children
As a parent, you want to ensure your children receive the care they need. This especially applies if your offspring are still underage. According to The Conversation, almost 70% of Americans have yet to make a will. Even if you are not among this number, there are...
Do single people need an estate plan?
Estate planning might seem fitting for someone with substantial wealth and a family to care for. However, even single, you can still enjoy the many benefits of planning for your future. Seeing the value of an estate plan can help you identify a strategy that aligns...
Revisiting your Florida estate plan amid divorce
When you first created your Florida estate plan, you may have given your husband or wife one or more important roles within it. Many people consider their spouses first when it comes to giving someone power of attorney over their financial or medical affairs. If you...
3 things you should leave out of your will
A will is the foundation of your personal estate plan. If you die without a will, your state’s laws will determine who, by default, receives your property. But according to the American Bar Association, if you have created a will, when you die, your wishes will...
How may I prepare my personal representative for probate?
The individual named in your will as your personal representative has several responsibilities after your death. You may help the probate process go smoothly by compiling important details about your private affairs and assets. As noted by the AARP, your estate's...
A death without a will may involve the probate court
Florida residents with assets and valuable possessions may wish to leave them to their chosen beneficiaries after death. Without preparing a will, however, property may pass on to surviving spouses and children through probate, as described on the University of...
Types of advance directives
Due to a medical condition that affects your mental capacity, you may someday be unable to make medical decisions for yourself. Advance directives are estate planning documents that provide instructions describing what you want to happen in that contingency. According...
Can you be a long-distance personal representative in Florida?
Perhaps you reside in Virginia, but in his will, your Uncle Ned named you as his personal representative, and Uncle Ned was a long-time resident of Florida. This means you will take charge of administering his estate, but this is a responsibility that may take many...
Is estate planning valuable for single persons?
Few would find any downside to effective estate planning since the process could make handling an estate easier for surviving relatives. One mistake Florida residents involves assuming that single persons don't need to perform these tasks. Unmarried residents could...
Many Family Law situations can have a big impact on your future.
Don’t forget to update your estate plan.