When planning for the future, people in Florida may choose to create a trust to pass on their assets because of the higher level of flexibility, control and privacy that it provides. Trusts can be structured in many different ways, and they can provide funds to...
Month: February 2020
When might a Florida judge grant a conservatorship?
There are instances in which mental illness may surface at the most inopportune times. This can happen because your loved one stops taking their medication and is unwilling to restart it. An individual's condition may have also deteriorated to the point that the...
Dividing tangible items in an estate
One challenge that families in Florida may face after the death of a loved one is dividing tangible items within an estate. These are items that are often unique and may not be easily sold. Some may only have sentimental value, such as photo albums. Many families deal...
What should you do with your estate plan after your spouse dies?
If you've recently lost your spouse, then the last thing that you probably want to think about is updating your estate plan. It's important that you do so though. While it's ultimately important that you review all your documents, there are some that you'll want to go...
How are living and testamentary trusts different from each other?
If you've taken the time out of your busy life to engage in estate planning, then you probably have specific ideas about what you'd like to happen with your property once you pass away. What you may not realize is that many of your Florida assets have to be probated...
Complications may arise from do-it-yourself wills
Some Florida residents may think about how they want to provide for their loved ones after they die. There are a number of estate planning options that may help in this regard, including wills, trusts, and powers of attorney. Some people may opt for a do-it-yourself...
Guardianships are important but not permanent
There are many reasons why a judge can impose guardianship on an individual here in Florida. Someone may be appointed as a guardian over another person who is incapacitated due to infancy, disability or for any other reason. It may seem difficult to have your...
Conservatorships may benefit physically, mentally disabled
Florida families with an adult member who is unable to take care of himself or herself may wonder if a person can be designated to handle their affairs. Conservatorships are often the perfect solution in these cases. In a conservatorship, a conservator is designated...
Using trusts to protect assets in an estate plan
A trust protector can play an important role in keeping assets safe from threats such as lawsuits. Florida parents often use a trust protector when they create a living trust for a child and make the child the trustee. Placing assets in the trust can also protect them...
Common estate planning errors to avoid
One of the biggest estate planning error a person can make is not having a will or having one that is from out of state. The latter issue could affect people in Florida if they have moved there from a different state to retire and have not updated their will. Even if...
