Serving Northwest Florida Families For More Than 25 Years
Owning property in Florida while living in another state feels like a dream for many families. That is, until the estate planning side of things comes into the picture. When an out-of-state property owner passes away, Florida may require a separate legal process...
When it comes to estate planning, you might wonder whether a trust or a will better suits your needs. While both serve important purposes, trusts offer several advantages that could make them worth exploring for your situation. Privacy and probate avoidance One...
People establish trusts for a range of different reasons. Some want to limit opportunities for conflict among their beneficiaries after their passing. Others want to plan in advance in case they may require Medicaid long-term care benefits or if they worry about...
If you are thinking of establishing a trust as part of your estate plans, one of the key decisions you’ll need to make is whether to go with an irrevocable or a revocable trust. They both offer distinct advantages and disadvantages, so it helps to understand their...
What is a revocable (aka living) trust? It is a trust fund that the maker can modify to meet their current or changing needs. A revocable trust is flexible, often bypasses probate, and keeps your financial matters private. Upon death, the trust will automatically...
Most family business owners focus on the business’s day-to-day activities and forget to plan for the future. However, it’s crucial that you keep both details in mind to ensure your business continues running even in your absence. While setting up a limited liability...
People who are ready to get an estate plan set have a lot of things to think about. They must ensure that their assets are able to be passed down to their heirs appropriately. One option for doing this is to establish trusts. When you start looking into trusts, you’ll...
Wills are the most popular estate planning tools. It could be due to their simplistic nature or because many people are familiar with them. Trusts, on the other hand, are shrouded in mystery. There are numerous misconceptions about how they work, and it’s no wonder...
Parents of a child who has special needs often worry about what will happen when both parents pass away. The child will still need care, but they won’t have either of those two trusted adults there to provide it. One way that these parents can ensure the child gets...
One thing that you may want to do when making your estate plan is to put some of your assets into a trust. If you do this, you also get to choose a trustee who manages it for you. For instance, maybe you have some real estate property that you want to pass on to your...