Esther shrugged as she read the headline, 4 Common Estate Planning Errors and How to Avoid Them. She didn’t bother to read the article. Esther thinks because she is young, single with no kids and a modest bank balance that she does not need an estate plan. Esther is wrong. Even single adults – young or not-so-young – need to do their estate planning. A Simple Will. Most adults own something – a car, furniture and Read More
Which Power of Attorney Is Right for You?
It’s recommended that your comprehensive estate plan include at least one power of attorney. But, there are several documents that include “power of attorney” in the title. Legal documents that have similar names may have very different purposes and consequences. It’s important to know a little about powers of attorney to make sure you choose the right one for you. Florida Power of Attorney Law. The basic power of Read More
How and When to Revoke Estate Planning Documents
People may want to revoke their estate planning documents for a number of reasons. Perhaps you’ve become estranged from the friend or family member you named as your personal representative or agent. Or you’ve decided to give your estate assets to a new set of beneficiaries and want the change to happen now. Knowing how and when to revoke estate planning documents can save you some time and stress. How to Revoke Read More
New Year’s Resolution – Time to Update My Estate Plan
New Year’s is a time of reflection. It’s a time to think of the happenings of the past year and look forward to life ahead. While you’re in a contemplative mood, make updating your estate plan a primary New Year’s Resolution. What Do I Need to Update? The past year may have dealt you some major life events. Births and deaths, marriages and divorces could all lead to changes in your estate planning documents. Even Read More
Business Succession: An Important Part of Your Estate Planning
As a business owner, your responsibilities and duties may seem endless. Employment disputes, ordering supplies, paying vendors, and planning next year’s budget are just a few of the issues that fall on your shoulders. What happens to those duties if you retire or are no longer able to run your company? If you want your company to continue, then business succession planning should be an important part of your estate Read More
Should You Serve as Someone’s Power of Attorney?
Perhaps a family member or close friend has asked to name you to be their agent under a power of attorney. It sounds like an easy thing to do, but you’re not sure what your responsibilities would be. Before you say ‘yes,’ here are some things you should know about serving as someone’s agent under a power of attorney. A power of attorney enables one person (the “principal”) to name another person (the “agent”) to Read More
