It sometimes seems we’ve been invaded by technology. From books to entertainment to education, digital is the way to go. In fact, even our wallets have been affected. Cryptocurrencies like bitcoin, though somewhat controversial, are becoming more commonplace. Aside from the digital aspect of bitcoins, you need to remember that they are an asset, potentially an...
People with special needs often face rapidly increasing costs for their care and shrinking public benefits. For example, eligibility for some benefits is based on the recipient’s income and resources. Applicants may try to keep their income below those limitations only to see their available funds are insufficient to meet their needs. The Florida ABLE Account...
For some clients, the thought of legacy extends beyond the confines of family. Donating time and money to community charities is one way to do that. An estate planning tool – the charitable remainder trust – allows people to donate while still retaining some important benefits. A Most Useful Tool – the Charitable Remainder Trust. An...
Whether a deceased person leaves a valid Florida Will or not, their possessions must go somewhere, usually through probate. During a probate proceeding, a personal representative will be appointed to settle the decedent’s affairs and dispose of their estate assets. That sounds simple on paper, but the personal representative often has a huge job ahead of...
Taking on responsibility for another person can be taxing. Florida law lays out duties and responsibilities of guardians. In addition, courts often supervise guardianships, along with requiring action from the people caring for the protected person (the ward). One such example is an annual accounting, which is also known as the guardian accounting. Guardianship Requirements When...
We often pride ourselves on being self-sufficient. Do it yourself projects abound, from painting the living room to building a deck. People choose projects for reasons ranging from the pleasure of doing something themselves to saving money. But some projects may cost the consumer more in the long run. Take do it yourself estate planning, for...
When people engage in estate planning discussions, the subject of probate is probably going to come up. Many people actively try to avoid probate. Yet, many people have poor estate plans that don’t protect them from probate or, even worse, don’t even have an estate plan. If you find yourself in the middle of a probate...
Family members can engage in disagreements that last for years. Some families consist of people existing at very different levels of success. Both of these factors are often taken into consideration during estate planning. They’re only two of the reasons someone might want to disinherit a family member. Sometimes, as heart breaking as it can be,...
It’s important to keep our estate plans current. Experiencing a major life event, like a birth or death, may affect some or all of your estate planning documents. When laws change, your plans may need some attention also. The tax reform that became law in December 2017 will probably affect your income tax strategies. Deductions you...
Most investment and financial accounts allow the account holders to name beneficiaries to receive funds in the account upon the account holder’s death. To many of us, the forms that ask us to name beneficiaries may seem boilerplate, simple to complete, and not a big deal in the grand scheme of things. It may take just...
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