Have you ever wondered, “What is trust?” No, we’re not talking about the warm and fuzzy feeling of believing in someone. Instead, we’re talking about a legal concept that can help protect and manage your assets. In this blog post, we’ll guide you through the basics of trusts and highlight …
Read MoreWhat Assets Are Exempt from Probate in Florida?
While the answer to “What assets are exempt from probate in Florida?” may be unclear at first, Florida law provides information on property that is not subject to probate. Probate is a court-supervised process that ensures property left behind after the owner’s death is fairly and correctly distributed. Probate assets …
Read MoreBreaking Down Buy-Sell Agreements
Buy-sell agreements are a term many business owners know about but often don’t consider for their business despite the fact that they should. If you are unfamiliar with it, Investopedia defines it as “an approach used by sole proprietorships, partnerships and closed corporations to divide the business share or interest of …
Read MoreKeeping it in the Family – Probate of a Will
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 MoreElder Law – Considerations for Choosing Your Successor
For many, choosing a successor to handle one’s estate is a sensitive topic in elder law. The common choice many make is to select one of their children or beneficiaries. But there are things to consider if you opt for this route. With family members, there is always the risk …
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 Year, New Estate Plan
New Estate Plan for the New Year The clock strikes midnight, the champagne is popped, and you’ve finished your rounds of “Happy New Year!” to your family and friends. Now what? Typically, January 1st consists of hard reflecting on the new year’s resolutions we plan to implement and hopefully carry …
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