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When you envision what steps you need to take in the time after a loved one or family member dies, your mind may go to their will and remaining assets. Going through probate when administering an estate is an important step to giving all the beneficiaries what the...
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....
Parents' obligations to provide financially for their children do not end when they split up from one another. Child support paid from one parent to another helps to cover the many expenses involved in childrearing. To ensure that parents receive enough support to...
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...
Social media is a way for family and friends to come together remotely, no matter where they are in the world. During a divorce, social media can also be a hostile place, especially if you and your spouse cannot see eye to eye. Even worse, social media usage can...
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...
Owning a business in Florida involves a lot of moving parts and requires you to constantly think of the future. Inadequately planning for unforeseen circumstances could cause your organization to crumble under pressure. A succession plan is an excellent way to fortify...
You have many options when it comes to business formation. If you decide you want to start a corporation, you will have to choose which type. One option is the S-corp. The IRS defines this type of corporation as one that passes the burden of taxes to the owners. This...