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,...
Tools to minimize tax burdens 2 Big Benefits of Irrevocable Trust for Asset Protection and Alleviating Tax Burdens [embed]https://palmcitylawyer.com/wp-content/uploads/2023/09/2023-08-16-Mangan-J_1Captioned.mp4[/embed]   If you are a Florida resident, you may already enjoy some of the tax benefits of living in the state. When it comes to estate planning, however, you may still want to keep an eye on...
Did you know a Power of Attorney (POA) is a legal instrument that grants an individual the authority to act on behalf of another person in various matters, including financial and healthcare decisions? In the context of marriage, it's common for couples to wonder whether a spouse power of attorney is automatically granted over the spouse's...
Estate planning is a crucial process that allows individuals to ensure their assets are distributed according to their wishes after they pass away. A revocable trust is a popular tool in estate planning that offers flexibility and control over assets during one's lifetime while also enabling seamless asset distribution after death. However, as life evolves and...
A will is an important part of an overall effective estate plan. Wills, however, do not become operative until death. In the unfortunate scenario where the individual who signed the will becomes incapacitated, the document lacks provisions to address such situations. Therefore, the inclusion of incapacity planning becomes a vital aspect of a well-rounded estate plan....
MANAGING YOUR DIGITAL ASSETS: A CRUCIAL COMPONENT OF ESTATE PLANNING  Florida’s Fiduciary Access to Digital Assets Act empowered fiduciaries, including personal representatives, to access digital information if necessary. That power may not be particularly helpful, however, if your personal representative cannot find your digital assets and login information. This is why preparing a digital assets inventory...
Avoid ofter overlooked estate planning questions. Creating an estate plan isn’t a “fun” project for most of us. It reminds us that there may come a point when we can no longer care of ourselves and that one day we will pass away. But it needs to be done, and today we are going to cover...
Estate planning questions to use as a starting point: As you consider this important step – preparing an estate plan – you may spend some time reflecting on your life and property. Ask yourself the following questions about estate planning before talking to your attorney. #1 - Do I need an estate plan? This one is...
ESTATE PLANNING ATTORNEY SELECTION The year end is fast approaching! Most of us are busy finalizing our end of the year plans. Part of estate planning is taking stock of what has happened this year, reflecting on goals for the coming year, and deciding what we want for our future, next year and well beyond. Estate...
The world mourned the loss of the "Queen of Soul," Aretha Franklin, in 2018. Even in her passing, however, the iconic singer's legacy was accompanied by a legal battle over her estate. The dispute over Aretha Franklin's last will and testament has highlighted the importance of proper estate planning and the potential consequences of inadequate preparation....
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