If you’re putting together your estate plan and have a dependent who has special needs, it may be wise to consider how a special needs trust could help. This kind of trust is created for another person’s benefit without negatively affecting their governmental...
Even though you are young, if you’re looking into creating an estate plan, you should also consider designating someone as your health care proxy. A health care proxy is a legal form that gives someone else the ability to make medical decisions for you if you cannot...
Power of attorney documents help round out your estate plan. They ensure that you have protection if you experience a serious medical event or get into a car crash by giving someone else the legal right to act in your stead. You might have multiple different power of...
Choosing an executor for your estate can be hard. There are lots of tips out there on how to pick someone with the right characteristics for the job -- and they’re good to know. However, you may have to start with one basic question: Do you want a relative, a friend...
As you start working on your estate plan, one thing you may want to do is to protect your family home. In the event that you’re ever significantly in debt or you don’t have your financial affairs in order, there is a risk that your home could be lost. Fortunately,...
You probably know that the best time to sell a home is when the inventory in your area is low and the demand is high. For many who live in Florida, this is a common description of the market. Most homeowners know that working with a reputable real estate agent is...
Now that you’re looking into setting up an estate, something you may wonder about is how many trustees you can have assigned to a trust. To answer that question, you first have to understand what the trustee’s job is. The trustee’s job is to hold the assets in the...
When someone you love asks you to be the executor of their estate, you may feel honored and possibly cornered as though you have no option but to say yes. There is a reason that asking someone is commonplace when deciding on an executor or administrator for an estate,...
As people age, trying to make sure they’ll be able to get the care they need is a top priority. For some, this will mean that they will need to qualify for Medicaid. Unfortunately, having assets that you want to pass down to your family members could mean that you...
Creating a trust is a way to reduce the taxable amount of your estate, retain control over your legacy or even diminish the value of your personal assets so that you can qualify for government assistance as you age. One of the most critical aspects of creating a...
