Many Miami area residents have gone through the process of having a parent die. This is a stressful and emotional time for most people, and it can be a difficult process. Although a person may have taken the time to create a will sometimes a will cannot be found....
Miami Estate Planning Law Blog
What steps should I take to plan for incapacity?
Planning for incapacity is an important part of estate planning. There are several elements estate planners should include in their estate plan to account for possible incapacity at some point. The importance of planning for incapacity should not be overlooked. Living...
Do parents actually have favorite children?
Children often like to brag to their siblings that they are the favorite child. It’s often done in a tongue-in-cheek fashion, as a lighthearted way to poke fun at those who are not “the favorite.” However, when it comes to estate planning, this is important to...
A special needs trust may be a beneficial part of your estate plan
As you work on your estate plan, something that you may want to include is special needs planning. If you have a child or dependent that turns to you for support due to a disability, then special needs planning is essential. It’s a good idea to do any special needs...
When are handwritten wills legal in Florida?
You’ve probably heard of someone leaving a handwritten will behind -- or maybe you even have a handwritten will tucked away in your own desk drawer. It seems like the easiest way to establish what you’d like to see happen with your assets and personal effects after...
Reasons to set up a trust
Florida does not have an estate tax. With the federal estate tax currently not payable on anything under $11.58 million, you may have forgotten to consider trusts when making your estate plan. These are some of the reasons you may still want to use one: Protect it...
Should you leave your children an equal inheritance?
When you have multiple kids, determining how you will divvy up your assets between them can be a delicate business. To avoid future conflicts around fairness and favorites, many parents opt for the most straightforward choice – each child gets an equal share of their...
Four common excuses for not having a will (and why they don’t fly)
There are numerous reasons why people put off drafting a will and other legal documents that, together, create a comprehensive estate plan. If you’re one of those people, maybe one or more of these excuses will be familiar. We reveal the mistaken logic behind each,...
Estate planning in the digital era
Even if you have yet to create your estate plan, you’ve likely given some thought to who you’d like to inherit your property, money and precious heirlooms when your time comes. However, with life becoming increasingly digitized, many people overlook an essential chunk...
Can you handle the role of an executor?
If a loved one asks you to serve as executor of their will, it may seem like a great honor. However, serving as executor is a big undertaking, and many people aren’t aware of the many responsibilities that accompany the role. An executor of a will is a person who...
