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...
Estate Planning And Elder Law Services In Orlando And Beyond
Estate Planning
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...
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...
2 Medicaid planning mistakes to avoid
Most people require nursing home care at some point. But this service can be quite expensive. And this is where Medicaid planning comes in. If you qualify, Medicaid can pay for long-term care costs. However, as with most government programs, strategic Medicaid...
3 things to know about contesting a will
Contesting a will is typically pursued when someone believes the will doesn’t accurately reflect the wishes of the deceased. This is sometimes due to undue influence or other legal discrepancies. It can be a long battle that’s filled with considerable emotion...
Why might you disinherit someone from your will?
A will should contain provisions that accurately reflect your final wishes. This includes who should inherit your assets upon your death. As well as naming beneficiaries, you can also disinherit people so that they do not obtain share of your assets. Why might you...
5 mistakes to avoid when making an estate plan
Creating an estate plan is critical in ensuring your assets are distributed according to your wishes after you pass away. However, the process can be complex, and mistakes are common. Understanding these pitfalls can help you create a more effective and reliable...
How you can safely spend down assets for Medicaid
As a senior, you probably already know a few things about federal programs like Medicare and Medicaid. For example, you may understand that both programs provide older Americans with critical medical benefits. Many Florida residents mistakenly believe Medicare will...