Many Floridians place estate planning on the back burner simply because they do not want to think about topics related to dying. However, estate planning is necessary to protect one's assets in the event of one's death. Once an estate plan is in place, it's also...
Wills
Estate planning involves determining how to divvy up assets
Many people steer clear of the estate planning process simply because they prefer not to discuss topics related to death. However, estate planning is one of the most important processes to complete. It is also one of the most complicated. The question that many people...
Estate planning involves creating wills, trusts
The search continues for the will of the late musician Prince. Without it, his family will have to rely on a probate court's decisions regarding what will happen to all the assets he left behind. The ordeal calls attention to the importance of estate planning, which...
Examining some of the most common estate planning mistakes – II
Last time, our blog began discussing how as many as two-thirds of all adults here in the U.S. have failed to execute a simple will, all but ensuring that their state will determine how their assets are ultimately divided.We also discussed, however, that the failure to...
Examining some of the most common estate planning mistakes
Last week, our blog discussed how much of the world was not only shocked by the sudden passing of Prince, but also by his failure to have executed even a simple will. Indeed, his estimated $300 million estate is currently at the center of a brewing legal battle among...
What we can learn from Prince’s lack of estate planning
In a post back in January, our blog discussed how the late David Bowie was something of an anomaly in the music business given the degree of care he demonstrated building -- and most likely protecting -- his $200 million-plus fortune. Specifically, we discussed how...
Estate planning offers several benefits
Talking about the possibility of dying is typically not one of a person's favorite activities to do. For this reason, estate planning is often ignored in Florida and other states. However, estate planning has proved to be beneficial in a wide range of...
Helping you address the uncomfortable and plan for the unexpected
When it comes to our health and, by extension, our longevity, the simple truth is that most of us believe we will live well into our 80s or even our 90s. This is especially true for those of us who enjoy an active lifestyle -- exercising regularly, eating right,...
Should millennials consider smaller scale estate planning?
Ask anyone in their 30s, 40s, or beyond about life in their 20s, and they will likely tell you that while it was certainly carefree and chaotic, it was also relatively stressful given that they were forced to make important decisions about everything from their...
What does the law have to say about foreign wills? – II
In our last post, we discussed how wills executed in foreign countries are generally admissible in U.S. courts provided they adhere to the most basic requirements, do not make significant changes to an existing will and/or are not too unconventional. We also...