Losing a parent is an emotionally wrenching experience. When compounded by the absence of a will, the legal and financial burden can feel overwhelming. When someone dies without a will, Florida's intestacy laws dictate how their assets are distributed. These laws...
Estate Planning And Elder Law Services In Orlando And Beyond
Year: 2024
Ways to avoid paying capital gains tax on inherited property
An inheritance is meant to help provide you with a bit of a boost from a loved one who has passed away. While this scenario is usually beneficial, there are times when an inheritance might be more of a hassle than you expected. For example, this is sometimes the case...
Avoid these mistakes when making your digital estate plan
Digital estate planning is rapidly gaining traction as an indispensable way to ensure that one’s digital assets and online presence are managed and distributed according to one’s wishes after their passing. When preparing your digital estate plan, you’ll want to do...
Can it be too late for estate planning?
Many people procrastinate estate planning. In some cases, that’s because they think that it’s just too early to make a plan. For instance, when you look at the reasons why the majority of Americans do not have an estate plan, some will say that they are not old...
Where should you store your will?
After drafting your will and other crucial documents, you need to find a reliable place to keep them. It's vital to choose a safe location that your executor can easily access. Here are five locations to consider: With your attorney Some people keep their wills in...
4 parts of an estate plan
A will allows a person to draft their last wishes in anticipation of their passing. Many people believe that an estate plan begins and ends by making a will. While a will is the most common document, there’s a lot more that can be added to an estate plan. People can...
What is the best trust to use to protect your assets from taxes?
People add trusts to their estate plans for many different reasons. Some testators putting together an estate plan worry about an unstable beneficiary and want to protect someone from the burden of a lump-sum inheritance. Other times, protecting resources from...
Helping an aging Florida parent from a distance
A lot of people throughout the country have parents who retired to Florida or maybe moved here to work years earlier. Living far away from an aging parent who is alone can be challenging. There’s a lot to worry about – especially if they’re still living on their own...
Approaching your elderly parents about estate planning
Estate planning is a very important legal process, but over half of American adults have no estate plan. There are numerous reasons for this, such as finding the legalities intimidating, the expense and the belief that only wealthy people need estate plans. Perhaps...
What to look for in a guardian for your children
When making an estate plan, if you are a parent with a child who is still a minor, part of the process may include choosing a guardian. If you pass away unexpectedly, you know that the guardian is ready to step into a more parental role and raise your child. This can...