When you own property in a different country, you may wonder if your will is valid in both Florida and the other country. It is important to understand how you may need to change your will to make sure it will be valid after your death.The validity of your will...
Month: June 2018
Who should have a trust?
Setting up a trust in Florida could potentially safeguard your assets. The idea is that someone responsible uses the money in the specific way you intend. If there is a purpose you have in mind for your wealth, then there is likely a trust to fit that specific...
Do my debts go to my children after I die?
Like many Florida residents, you have done your estate planning carefully, so your loved ones will have an inheritance to enjoy after you are gone. Also like many others, you may have a moderate to significant amount of debt. Naturally, you would not want your...
Remarriages and asset protections
Whether you have been divorced or widowed, if you now find yourself happily connected with a new partner, you may well be considering getting remarried. While certainly remarriages are no longer uncommon in Florida and they can definitely be extremely happy and...
Will your child need to pay taxes on a trust?
When you set up a revocable trust for your child in Miami, you may not always consider the tax implications. It is important to consider how this trust will be taxed, though, especially if you want this trust to be your child's inheritance.If you establish a revocable...
Assuming guardianship after parental rights are terminated
In many cases, a family member is named a legal guardian of a child if the child's parents pass away before the child turns 18. The preferred guardian is usually named in the parents' will. however, as our team at the , understands, some...
Understanding ademption
Most Florida residents have never heard of the word "ademption" and have no idea what it means. Ademption, however, is a very important legal word that Floridians should be aware of because it impacts the specific bequests they make in their wills.As explained by...
