Florida parents whose children have special needs should take steps to protect those children in their estate plan. Having a child with special needs does not change everything about an estate plan. Parents will still need to consider whether they need documents that...
Trusts
Estate planning and surviving spouses
There are multiple legal documents Florida residents will have to review and update immediately after their spouse dies. While they may not feel inclined to do so while they are grieving, updating the documents is necessary so that they will be protected during their...
Can you use life insurance in more than one way?
You have spent considerable time putting together a life insurance policy that will provide added security for you, as well as benefit your family when you pass away. Now, you are wondering if your investment can do more than provide cash after your death....
Can you keep your children from blowing their inheritance?
Your children are grown and make adult decisions, but you might worry that you can't trust their decisions to always be wise, especially when it comes to money. It can be difficult to handle a sudden inheritance when adult children are still young and inexperienced...
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...
What is an inter vivos trust?
Florida is home to thousands of retirees and if you are one of them, you may have heard your friends and neighbors talking about the financial advantages of the inter vivos trusts they established. If you have long since forgotten your high school Latin, "inter vivos"...
What is a special needs trust?
If you live in Florida and have a disabled child or other family member for whom you care, you may wish to consider setting up a special needs trust so that (s)he continues to receive the needed care if and when you are no longer there to provide it. As FindLaw...
Creative things you might include in your pet’s trust
Hollywood may have contributed to the erroneous belief that you can leave your inheritance to your beloved cat or dog if you have no other heirs. However, real life is not as simple for our furry friends. You may consider your pets to be members of your family, but...
Is it possible to avoid probate in Florida?
Some Florida residents dread the thought of probate. When your loved one dies, maybe you just want to make the arrangements, attend the funeral and settle any legal matters as fast as possible without any interference from judges or courtrooms.What is it about...
Consider a trust if disinheriting a child
If you live in Florida and are working on your estate plan, you may have concerns about leaving money or assets to one or more of your children. Parents disinherit their children for many different reasons, but regardless of your reasoning for doing so, establishing a...