When you serve as the executor of the estate, you typically need to manage the deceased's finances. However, going through another person's financial records can often be difficult and you may not know where to start. In the immediate aftermath of a loved one's death,...
Cape Coral's First Law Firm
Uncategorized
3 estate planning considerations when you’ve remarried
If you’ve remarried, it’s important to think about what this may mean for your estate plan. This is especially true if you have children from a previous marriage, or if your spouse has children of their own. Failing to update your estate plan may result in your ex...
When is the last time you updated your estate plan?
If you have an estate plan already in place, then you are ahead of most Americans. However, because life and finances can change rapidly, your estate plan should be flexible to reflect those changes. There are a variety of reasons you may need to update your estate...
Do you need to replace a trustee?
Trusts are some of the most effective tools anyone with an estate plan can use, and when planned and run well, they offer strong property protections and peace of mind that few other things can. Trusts also require human trustees, and this is where many estate plans...
Considerations when selling a home as an estate administrator
Serving as the executor for an estate or as the trustee for a trust that is part of an estate is both an honor and a lot of work. You will need to fulfill certain obligations, including paying the debts of the deceased individual, as well as carefully following the...
Should you worry about estate challenges because you remarry?
Getting divorced changes your life and your family, especially if you have young children. For many people, divorce has an impact on their estate as well. If you have met someone else and fallen in love, you may be thinking about remarrying or may have already tied...
Why is it so important to avoid probate?
When conducting estate planning in Florida, one of the biggest questions you may have is how to ensure your estate avoids probate. Forbes notes that if you have a will, your assets will pass through probate. This is a lengthy and sometimes expensive process. While...
How can I revoke a power of attorney?
All estate planning documents should include a valid power of attorney. If you appointed a friend or relative as your power of attorney quite some time ago, circumstances may have changed that cause you to need to revoke this designation.Perhaps the person you...
An important estate planning step for those who own a business
Running your own business can be rewarding and offer you the kind of freedom most people can only dream of having. However, assuming the role of creator and operator for a company also comes with a lot of responsibility. You will have to consider things that most...
Mistakes to avoid in estate administration and will execution
Family members in Florida often fight over the privilege of becoming the person in charge of estate administration. However, few people really understand the work that comes with executing the responsibilities that accompany this role or that of an executor.The...
Many Family Law situations can have a big impact on your future.
Don’t forget to update your estate plan.