People in Florida who are creating an estate plan might wonder about the difference between a will and a trust. One of the biggest differences is that a will is not private and generally must go through the probate process. A trust is private, and when a person dies,...
Wills
Getting started with a will
You've never written a will, but one of your adult children recently suggested that you do it. They have children of their own -- your grandchildren -- and they just made an estate plan. They decided they should talk to you about doing your own estate planning.You...
Does a will override a life insurance beneficiary?
Say you bought a life insurance policy 10 years ago. You named one of your children as the beneficiary because the other child was still a minor. You just needed to list someone, and that seemed easiest to you.Now your other child is no longer a minor. You're writing...
Family discussions about estate plans
Some people in Florida are uncomfortable talking to their family members about their estate plans. People should discuss their estate plans with their family members so that they will know what to do when the time comes.People should ask questions about their family...
Not every type of will is valid here in Florida
Although last wills and testaments are spoken about in a general way when they're discussed in the media, the requirements that a testator must adhere to when drafting this legal document vary by state. Florida is no different in this respect.Testators, or the...
Estate planning in the movies
One common theme in many films, particularly murder mysteries, is a challenged will. While drama over inheritance can make for an intriguing story, the reality in Florida and across the country is more subdued.One example of how reality and Hollywood diverge is in the...
Why health care directives are so important
The process of estate planning can seem overwhelming. It can be hard for a person to confront their own mortality and make tough decisions regarding how their family members and assets will be cared for once they are no longer around. However, Florida residents know...
Wills can change repeatedly over the years
When people in Florida think about the future, they may want to prepare by making a will. It is important to remember that a will can always be revoked or amended on an ongoing basis so long as the person who made out the will is competent to do so and not being...
Tips for writing a will
Many people may neglect to create a will or another estate plan. One famous example is the former Supreme Court justice Warren Burger, who left only a short, error-filled will, which ended up costing his family over $450,000 in taxes and an additional amount in legal...
What is abatement?
When a will is read, the hope is that the estate matches what is listed in the will and that the executor can therefore carry everything out as specified in that will. The unfortunate reality, though, is that this does not always happen. In some cases, the will gives...