Estate planning is an essential process that every parent must complete. As a parent with young children, you must consider how your children will be taken care in the event something should happen to you. Who will raise them? Who will manage their money until they reach a mature age? What if your children are over […]
read moreProbate is a legal process that may occur after someone passes away if the decedent left assets behind owned solely in their name (meaning the asset was not owned jointly and did not have designated beneficiaries). The purpose of probate is to ensure that the deceased’s assets are distributed to their heirs at law if […]
read moreWhat are digital assets? We tend to be more familiar with the concept of physical or tangible assets, like our house, car or banking accounts. Yet, we likely all own digital assets as well. Examples of digital assets include smart phones, computers, digital art, music, videos, photographs, virtual currency, and more. Just like our physical assets, […]
read moreCreating an estate plan is an important step in your life for a number of reasons. Before we dive into the reasons why you should be creating your own plan today, let’s start by addressing some misinformation regarding estate planning. A Revocable Living Trust is not just for the wealthy. In fact, it may benefit […]
read moreOften times, you may be a resident of one state but own assets in another state. Let’s use this simple example: You are a resident of another state but own real estate in Florida – what happens to your Florida real estate at your death? This will depend on what measures you take during life […]
read moreYou’ve raised your child, protected and guided them through life, and now they are packing up and ready to start their life as a college student. From living away from home for the first time to making new friends and creating a new social circle, there are going to be so many things they need […]
read moreEstate planning is simply planning for life. By using the right set of legal documents you can plan for minor children, grandchildren, protect your estate from probate, plan for your pets, businesses and more! Let’s look at the top five estate planning documents everyone should consider – what they are and why you should consider […]
read moreEstate planning is a task that consistently gets pushed back on our to-do list. Reasons for delaying are the usual: lack of time, feeling as though you don’t have enough assets, not knowing where to begin, or fear of discussing your own death. Whatever your reason may be for delaying, it’s important to understand one […]
read moreYour trust can create what is called discretionary lifetime trusts for your beneficiaries. This is a type of irrevocable trust that can provide your beneficiary with some amazing protection. Let’s take a closer look. Creating a revocable trust is a great way to protect young, troubled, or financially inexperienced beneficiaries but what if you’re concerned […]
read moreWhat is Florida Probate? Florida probate is the court-supervised process of settling a decedent’s estate. There are a few terms that are commonly used in probate proceedings. These terms should be explained before going into the process of probate. Probate is the court-supervised process of settling a decedent’s estate. Florida Statutes 733 defines probate as […]
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