Setting up a trust can be a very wise decision for people who wish to retain a little more control over the distribution or use of their assets in the event of death or incapacity. With a trust, you can set limits on payouts and direct trustees on various types of...
Month: August 2016
Not all guardianships are created equal
It can be very difficult to come to terms with the fact that you or your loved one lacks the capacity to manage various medical, financial and lifestyle matters. Whether this deficiency stems from age or mental incapacity, it can be very upsetting to realize that...
Disputes arise when terms of an estate are not carried out
Being the executor of an estate is a big responsibility. The person in this role will be required to make financial decisions and manage an estate until it has been distributed. If an estate plan is fairly simple and straightforward, it can be a little easier for a...
IRS announces proposed rules to collect more estate tax
Estate planning is about much more than deciding how your assets will be distributed upon your death. It also involves a considerable amount of financial planning in order to maximize the value of your estate.For instance, many people take into account estate tax...
Can I include funeral instructions in my will?
Making decisions about what you want to happen in the event of your death is not exactly easy or enjoyable, and sharing these wishes can be even more difficult. However, it is something that can provide enormous peace of mind to you and your loved ones.For instance,...
What characteristics should an executor have?
Creating an estate plan is a good idea for any person in Miami who has wishes, assets or people they want to protect after death. However, many people don't know where to start.For some people, it can be best to begin by thinking about who you want to be in charge of...
Challenging a will: who can do it?
You can probably imagine this scene in a movie: a grieving family is together in a room with a lawyer as they prepare to learn what their deceased loved one has left them in their will. The lawyer looks over the documents and start reading the deceased person's last...
Protecting beneficiaries from the dangers of sudden wealth
People often dream of winning the lottery, inventing the next million-dollar idea and stumbling into fame and fortune on reality TV competitions. But the truth is people don't have to do any of these things to have sudden wealth fall into their laps; they just need a...
Tips for choosing an executor
There are several important aspects to creating a fully-functioning estate plan. The creation of a will is obviously an incredibly important foundational piece of a well-rounded plan. However, it is not always the final step. Many choose to select and name an executor...
Determining whether trusts will be part of an estate plan
Although many people avoid discussions that pertain to their own mortality, others understand the need for crafting thorough and customized estate plans. Some say this is the best means for specifying one's wishes and providing for loved ones' futures. Included in...
