Wills and trusts are among the basic building blocks of estate planning, and yet many people are unsure of what exactly the difference is between the two. Below, we go through the essential aspects of wills and trusts, and how both can be critical to furthering your...
Serving Northwest Florida Families For More Than 20 Years
Month: April 2018
Funding a trust is an important part of estate planning
People in Florida generally prefer not to think about death. However, estate planning is a critical part of planning for the future, as without an estate plan, people's assets may not end up in the intended hands when they pass away. A living trust is a particularly...
WHAT ARE THE DIFFERENCES BETWEEN A GENERAL PARTNERSHIP AND LIMITED PARTNERSHIP IN FLORIDA?
If you are carrying on a business with at least one other person in Florida, you may be wondering whether you need to create a business organization and complete filings with the state, such as through creating a partnership or corporation. You may be surprised to...
AVOIDING PERSONAL LIABILITY AS A CORPORATE SHAREHOLDER IN FLORIDA
There are numerous benefits that come with choosing to conduct your business entity as a corporation, but one of the most prominent benefits is the protection against personal liability. Put another way, if a corporation racks up debts that it cannot pay - whether...
FIVE CRITICAL STEPS IN CREATING YOUR FLORIDA NOT-FOR-PROFIT CORPORATION
Whether you are setting up a charity, religious institution, school, medical institution, or other nonprofit in Florida, there will be some legal requirements for you to fulfill to carry on the important work of your organization. Nonprofit organizations seeking to...
Beneficiary designations need attention during estate planning
Creating wills is certainly an important part of preparing for the future. However, an often neglected aspect of estate planning in Florida is updating beneficiary designations. For this reason, many asset owners have deceased relatives or even previous spouses named...
Five mistakes to avoid when estate planning
Creating an estate plan is a serious undertaking. You’ve spent a lifetime accumulating assets, so their eventual distribution should be in tune with your wishes. While even taking the steps to compose an estate plan shows diligence, it ultimately needs to be...
CAN I GET MY MARRIAGE ANNULLED IN FLORIDA?
Most people know little to nothing about how divorce actually works until they get to the point when they themselves wants to obtain one (or their partner does), and a common question people have at the very beginning of thinking about divorce is whether or not they...
WHO CAN GET A DIVORCE IN FLORIDA?
Few people get married with the idea that they will one day be thinking about divorce, and the first steps in figuring out how to actually go about obtaining a legal order granting you the divorce can be deeply confusing. One of the first questions people considering...
Moments that warrant a review of your will
A couple of months ago, we wrote a post about wills and how people could challenge a will based on a claim of undue influence upon the grantor. We want to to continue the discussion about wills today, but take it in a different direction: when you have a will, it is...