Individuals in Florida and throughout America should have an estate plan. That plan should account for as many different scenarios that a person can think of even if not all of them are likely to occur. For instance, it can be a good idea to include a power of...
Wills
The importance of passwords in estate planning
Spouses in Florida should make sure that they have a thorough understanding of the family finances and access to one another's passwords in case one of them dies. This can be particularly important for women, who are more likely to be widowed and less likely to handle...
Accounting for digital assets in an estate plan
Those who live in Florida or any other state will need to make sure that their estate plans account for digital assets. These assets may include bank accounts, social media accounts and anything else that is accessed by a computer or internet connection. Therefore, an...
Questions to consider when creating a will
An important part of planning your estate is creating a last will and testament. This critical document is comprised of how you would like your estate handled and what you would like to happen to your assets and property after you pass. It can be difficult and...
The drawbacks of a handwritten will
Those who live or own property in Florida are encouraged to create an estate plan that includes a last will and testament. Ideally, it will be typed as handwritten wills may come under more scrutiny. In some cases, they may not be seen as valid. Typically, a will must...
Why only one will should be signed
An estate owner in Florida needs to sign their will before it becomes official. While a person can sign more than one copy of the same will, there is no need to do so. This is because the document may have personal or sensitive information that others shouldn't...
Commonly overlooked estate planning matters
Estate planning in Florida is a personal process. The specifics of an estate plan will vary based on the creator's situation. While there are a few things most people can count on needing (such as a will), there are also a few things nearly everyone should avoid....
Common misconceptions about estate planning
Some Florida residents may delay estate planning because they do not want to think about death. Others may do so because they think they have too few assets to make a will worthwhile. However, even people whose only holdings are a small bank account and a home...
Possible drawbacks of a DIY estate plan
Some people in Florida may be among the 40 percent of American adults who, according to the AARP, lack a living trust or a will. People may avoid estate planning because they find it costly or time-consuming or because they are uncomfortable discussing estate planning...
How blended families should approach estate planning
Florida parents who have biological children from a previous marriage may not want to leave everything directly to their current spouses when they pass on. This is because the surviving spouse may not give those children their fair share of those assets in spite of...