Selecting a health care surrogate Breast cancer diagnosis, a life-altering event, affects physical well-being but also necessitates consideration of your financial and legal affairs. Estate planning is a crucial aspect of preparing for the uncertainties during and after your battle with breast cancer. We expect you to have questions. Consider three essential estate planning steps to...
Challenging a last will and testament is a significant legal step that should not be taken lightly. When someone passes away, their will outlines not only how they chose for their assets to be distributed among beneficiaries but also the legacy they wished to leave behind. There may be circumstances, however, in which you believe the...
The Standalone Retirement Trust can be an incredibly useful estate planning tool. Suppose you have an Individual Retirement Account (IRA) which is not fully depleted at the time of your death. You should consider two important questions: 1) Where do you want that money to go? 2) How do you want it to be distributed? The...
FLORIDA DECLARATION OF DOMICILE – OPENS THE DOOR TO IMPORTANT BENEFITS As experienced estate planning attorneys with offices in Palm City and Stuart, FL, we are often called upon to address declaration of domicile legal issues. In this article, we will discuss "What is a Domicile" and "When is an Affidavit of Domicile Required," shedding light...
A Revocable vs. Irrevocable Trust - A decision with critical ramifications. Were you aware of the fact that there are many different types of trusts in estate law? For example, a marital trust can be a legal arrangement that transfers assets to a surviving spouse after the trustmaker’s death. A credit-shelter trust allows married couples to...
Everything you own at the time of your death will be transferred to your heirs. However, not all your property will pass through probate. Let’s provide an example. When Chase died, he left behind property that included two homes, three cars, several retirement accounts, a thriving business, and a saltwater fishing boat. The personal representative of...
Many states have some kind of homestead law. The specifics may vary, but the general purpose is the same: to allow homeowners to protect at least a portion of their home from creditors. Florida homestead laws are rather complicated. If you own a home in Florida, you need to learn the basics of Florida homestead law....
A family limited partnership is frequently the choice of forward-thinking, successful parents who recognize the need to protect their assets and provide for the generations that follow. Consider the story of Gene and his wife, Charlotte, who own several prosperous restaurants in Port St. Lucie, Stuart, and Palm City, Florida. As they begin their annual estate...
A Lady Bird Deed is one tool used by a lawyer when the client’s estate includes real property. An estate planning attorney uses many tools or strategies to create effective estate plans for clients. An estate plan, or life care plan, covers many aspects of a person’s life including what type of end-of-life treatment they want,...
Have you had a loved one recently pass away? The passing of a loved one is a difficult time. It not only brings a mix of emotions, but the legal intricacies of a Florida probate can be daunting amidst the emotional upheaval. One significant aspect that can arise during the Florida probate process is dealing with...
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