Serving Northwest Florida Families For More Than 20 Years
Are you worried about leaving a major inheritance to your children? This is a sentiment often expressed by those who may be leaving a substantial inheritance to the next generation. Their concern is that the inheritance will be so significant that it will take away...
Florida estate plans can be very basic, possibly only including a will. However, those who want the maximum protection possible for themselves and their loved ones may need to add additional documents to their estate plans. An advanced directive is an important...
If you’re looking into making an estate plan, you may feel that it is completely necessary. You know that your family will need it eventually and that it can help them divide assets and avoid disputes. You may assume that everyone else already has an estate plan and...
It’s not uncommon for people to inherit things they don’t need or even want. That happens when people don’t talk to their loved ones as they’re developing their estate plan. They assume they’ll want an asset or believe they should have it, so they leave it to them in...
One way to review your estate plan is simply to set up a schedule when you create it. Draft the plan, file the documents, and then review them every two or three years to make sure that they still fit with your goals. This gives you a chance to look back on your...
It can be hard to contemplate your final hours, but most people have some idea of what they do and do not want to happen when their end draws near. Among the things that you should have in place is a durable power of attorney (POA) for health care. This is a legal...
Creating an estate plan is an important task for all adults. Whether you have a large estate or just a few assets to hand down, this plan becomes the roadmap for your loved ones to follow. While some people are familiar with things like wills, trusts and powers of...
Beyond wills and trusts, a critical component of estate planning that is often overlooked but equally essential is a financial power of attorney. This is a legal document that grants another individual to manage your financial affairs on your behalf when you are...
If you’re drafting an estate plan, you may be very conscious of the issues that an estate dispute – a dispute between your beneficiaries after you pass away – can create. Working to avoid estate disputes can help ensure that your assets are distributed correctly, that...
An estate plan typically includes a will. The will can help clarify the testator's last wishes. It should include a list of assets and people who should benefit from the estate. However, a will is also susceptible to probate, estate taxes and disputes. To avoid these...
