Designating an attorney-in-fact through a durable power of attorney does not mean you are giving up all your rights to your agent. Your estate plan and desires for your inheritance are still protected. There are cases where a parent designates one agent out of several children because often times there …
Read MoreBoilerplate Forms and Internet Documents
One of the most popular recurring questions is, “Why should I pay an attorney to draft documents I can get internet documents or buy at the office supply store for $24.99?” Our answer is always the same, “Well, you get what you pay for…”Boilerplate or standard fill-in-the-blank documents found online …
Read MoreTitling Property Correctly in Estate Planning
One of the simplest forms of estate planning is titling property in the names of the owner and the beneficiaries. If titled correctly, this is a simple and cost effective way to avoid probate court. However, only if the deed is done correctly with proper language, will the property be …
Read MoreMistakes in Asset Protection Planning
Our research has discovered these three mistakes in asset protection planning that are commonly made by clients. Asset Protection Planning Mistakes Placing assets in a revocable trust. A revocable trust is just that…revocable! The person who creates it can revoke it whenever they want. If the trust’s creator revokes the …
Read MoreAsset Protection and Estate Planning: What You Need to Know About It Today
You can use estate planning as an asset protection tool. Asset protection is the steps you take to keep your property from being taken away if a lawsuit is filed against you and you lose. How can you protect your assets from being liquidated by a judgment creditor? The first, …
Read MoreA COMPREHENSIVE ESTATE PLAN
Most people believe estate planning is preparing documents to address inheritance issues at death. However, a good comprehensive estate plan addresses death, taxes, and incapacity issues. Documents for A Comprehensive Estate Plan Will. The Will governs any property held in the client’s individual name at death. It provides for the …
Read MoreChoosing a Trustee | Common Pitfalls
Last Workshop Wednesday we discussed considerations in choosing a Trustee. This is one of the biggest potential pitfalls for clients doing estate planning. Here are a couple more. Choosing a Trustee Funding the trust. Putting together a plan that avoids probate and saves in taxes is just the first step. …
Read MoreConsiderations When Naming a Trustee
One of the toughest decisions for a client to make when preparing their estate plan is naming a trustee who is reliable and trust worthy. This person or entity will be responsible for the administration of the trust and its assets, either during the client’s life, or after the client …
Read MorePrenups, Estate Planning, and How They Work Together
Prenups Estate Planning and How They Work Together. Most people believe a prenup is about addressing financial and other issues in the event of a divorce. However, a prenuptial agreement can be a good estate planning tool. Most prenups cover the areas of protecting separate properties of the spouses, division …
Read MoreGuest Blogging Series: Stein Law Talks Personal Injury in Minors
Injuries in Minors – Personal Injury Lawyer Introducing a new guest blogging series, this Workshop Wednesday post elaborates on last week’s article and includes insight from an attorney who focuses his practice on injury cases. As a Florida Personal Injury Lawyer practicing primarily in Miami, Broward, and Palm Beach counties, …
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