Serving Northwest Florida Families For More Than 25 Years
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...
Starting a business is no small feat, but safeguarding its continuity through generations is an even greater challenge. Business succession planning involves transferring the leadership and ownership of a company from one generation to the next. This process can be...
When you start estate planning, you’ll need to look at your assets. You know you’re going to pass away while you still own some of those assets, and you want to leave them to your children and other heirs. Your estate plan gives you a way to make arrangements in...
You know that everyone needs an estate plan. It’s unclear exactly when they’ll need it, but everyone can make plans for future healthcare decisions or the distribution of their assets. That said, you probably think of estate planning as something that elderly people...