We’re well into the New Year. How are your New Year’s resolutions going? If you’re like most people, you made resolutions related to health, fitness, family, or financial well-being. Estate planning may not have entered your mind as the New Year was rung in, but that doesn’t mean it is not as important as your goal...
Between the paparazzi and social media, we often know more about celebrities than we care to. In fact, they are so far removed from your life, you may feel that there is nothing to be learned from their trials and triumphs. However, sometimes we can learn what not to do especially in terms of their estate...
Hit the mark. Miss the boat. The words “hit” and “miss” are used in a number of colloquialisms and idioms. The phrase “a hit or a miss” suggests a random, haphazard approach – which is certainly not how you need to do your estate planning! When considering whether your estate plan is a hit or a...
How property is owned affects the property on several levels. There are advantages and disadvantages to the different types of property ownership. For example, Pat and Jeff planned to purchase some property in Palm City. They felt it was important to learn the differences between tenancy in common and joint tenancy with right of survivorship. It...
While trusts are a common form of estate planning, there are variations in how trusts are formed. For example, Alex T. was considering forming a trust then transferring his family business to the trust. However, he was concerned about appointing a trustee. Alex had built his company from the ground up and was reluctant to hand...
It’s likely that you will have finished the rush, stress, and joy of the holiday season by the time you read this blog. Despite this season of giving, there’s a gift you may have missed: your estate plan. However, estate planning is all about giving. It is not too late to consider using the following strategies....
The Last Will and Testament has been used as an estate planning document for centuries. In fact, Wills are often the first – and only – document people think of when they think about estate planning. Most people know about Wills from books, news about Will contests and celebrity estates, movies, and television shows. As common...
Are there Florida laws that pre-empt even the most well-thought-out estate plans? In some cases, yes. For example, someone in a strained marriage, or who is estranged from a spouse, may write an estate plan that prevents that spouse from receiving a full share of their estate. The surviving spouse may find relief in Florida law....
When country singer Glen Campbell died in 2017, he probably did not foresee the manner in which his family subsequently chose to handle his estate. He did leave a Will. However, three of his eight children were specifically excluded from the Will, which led them to contest the Will’s validity. Now, Mr. Campbell’s estate is being...
You may be thinking of adding a trust to your estate plan. Maybe you have already added a trust to your estate plan. Either way, choosing the trustee of your own trust can be a difficult decision to make. Articles about qualities to look for may help ease your decision making, but what if you want...