Those who have been chosen to serve as the executors for other people's wills have an enormous amount of responsibility. Therefore, although being appointed as an executor is generally an honor, as people typically choose trustworthy individuals to serve in this capacity, the role can also be confusing. Here is a look at what an executor's role is during the probate administration process in Florida.
Research shows that the percentage of Americans who do not have wills is over half. In fact, the percentage is higher for parents who have minor children and lack wills. However, estate planning is critical for protecting one's assets long term in Florida and elsewhere. Here is a brief rundown on what estate planning components are important for people in various stages of life this year.
With the new year in full swing, now may be a wise time for asset owners in Florida to start creating wills, especially if they are parents. However, a common mistake that parents make is thinking that they must treat all of their children the same in their estate planning. The truth is, this is not necessary.
Some individuals in Florida may be entering 2019 with New Year's resolutions. One resolution that would be good to add to the mix is creating estate planning documents. Here is a rundown on a couple of documents that are important to create sooner rather than later this year.
Social media is a regular part of our daily lives. We scroll through Facebook to check in on our friends, tweet our thoughts on Twitter and post our daily happenings, pictures and videos on Snapchat, Instagram and YouTube. For many of us, our social footprint grows bigger every day.
Creating a will is just as important of a step in preparing for the future as saving for retirement. However, estate planning in Florida involves more than simply putting together a will. Other documents are also important, and these documents ideally should be integrated to make sure that the various parts work well together.