If a person in Florida dies without an estate plan, that person's assets are distributed to family members based on state law. This is known as dying intestate. When a person dies intestate, the distribution of assets is usually made based on which surviving relatives...
Month: January 2019
Options for charitable giving in an estate plan
Charitable giving may be of interest to people in Florida who are creating estate plans. It could reflect a person's commitment to a particular cause, but it can also help reduce estate taxes.There are several ways to include a charity as part of an estate plan. One...
What are some misunderstandings about estate planning?
Do you ever think about what will happen to all your earthly belongings after you die? You may not dwell on it, but it is a good idea to at least give it some thought. Many people do this by creating an estate plan. However, not enough people are creating estate plans...
Why it’s not a good idea to write a DIY will
The internet age makes it possible to do a lot of things yourself, from trying your hand at gourmet recipes to learning how to change a tire by watching an online video. However, as we at the , understand, there are some things you and...
Probate can be avoided with careful planning
The goal of avoiding probate is near the top of the list for many Florida residents when establishing their estate plans. And while it is typically desirable to do so, probate is not necessarily a negative process and at times may be useful. For example, where there...
How can I protect a loved one from being scammed?
While it’s sad to say, many seniors in Florida are vulnerable to a host of frauds and scams. It can be difficult for the elderly to recognize scams on their own, especially when they’re suffering from dementia or Alzheimer’s. The National Council on...
Passing on bitcoins to heirs
Digital security is a big deal when it comes to holding and investing in bitcoin. Investors in Florida and states throughout the country are putting large sums of their money into cryptocurrencies, but whether or not their families will be able to benefit in the event...
The importance of discussing estate plans with loved ones
Unfortunately, many Florida residents are reluctant to discuss estate plans with family and friends while they are still alive. For some, it is considered a matter of privacy. In some instances, this may actually be the best option. But if the family is close and has...
When should you establish a guardianship?
Floridian residents like you have a lot on your plate if you are involved in the potential establishment of a guardianship. The , are here to help you through the process by explaining things in a way that is easy to digest.Guardianships...
A trust offers different advantages than a will
If asked whether they have an estate plan in place, many Florida citizens would answer yes, they have a will, or no, they don't. While a will is a basic foundational document in any estate plan, it is not the best choice for most people. Although not the only purpose,...
