Family-owned businesses are one of the frequent assets probate attorneys see in estate planning and probate of a will. It is wise when you create or adjust your estate plan that you lay out specific instructions if you are a business owner and continue managing the company past retirement age. …
Read MoreCommunication is Key in Estate Planning
The key to successful estate planning is communication from the outset. In planning, most distribute their wealth and assets equally to their heirs. Some, however, opt for unequal distribution. This typically occurs under certain circumstances such as an heir with a disability or an estranged son or daughter. If you …
Read MoreWhy You Should Consider a Pet Trust
For many people, pets are part of the family. So why not treat them that way in your estate planning and create a pet trust? If you truly want your pet to be taken care of in the manner you dictate, then you may want to consider creating a trust …
Read MoreCommon Excuses for Avoiding Estate Planning
Many individuals avoid meeting with an estate planning lawyer for a variety of reasons. Ranging from “I don’t own enough to worry about it” to “I don’t want to think about dying” and everything in between, it is easy for most to continuously put it off. The problem with putting …
Read MoreMixing Long-Term Elder Care with Life Insurance
Long-term Elder Care and Life Insurance: In order for your lawyer to create a comprehensive estate plan: you need to review not just your documents. But also your portfolio of assets to ensure that you are protected from future events. One of the biggest reasons people have a sharp aversion …
Read MoreNew Proposed Estate Tax Regulations: What You Should Know
New proposed estate tax regulations by the U.S. government could have significant consequences for some taxpayers. According to a recent article in The Miami Herald, “the U.S. government is now proposing new estate tax regulations that will make transferring assets without paying hefty estate taxes much more difficult.” This means …
Read MoreAlzheimer’s: How Can it Affect You?
Even in today’s medically advanced world, plenty of mystery surrounds Alzheimer’s disease. There is little known about its causes and why it develops so rapidly. Often times, people believe it is not necessary to learn because it will not affect them or a loved one. The truth is, the disease …
Read MoreReviewing Your Estate Plan: Purchasing a Large Asset
Purchasing a large asset: Perhaps you are a newlywed couple just returned from your honeymoon? Upon return, your one-bedroom apartment suddenly feels constricting. Or maybe you are a family of four and counting? You realize with another child on the way that you need more space to accommodate everyone’s needs. …
Read MoreReviewing Your Estate Plan: Marriage
Recently converted your engagement to a marriage? Make sure you consider revisiting your estate plan before or after the wedding. If you already had an estate plan prior to getting married, it most likely does not account for your spouse. After the celebrations end, it is wise to sit down …
Read MoreUnclaimed Property: How Can You Claim?
In previous social media posts, we discussed Florida unclaimed property and directed those interested to a segment airing on local news. We also promised to highlight key points on claiming property, which is our focus on this week’s Workshop. Often times, we do not know about unclaimed property we may …
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