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All adults should have an estate plan that enables them to let their loved ones know what to happen with their assets when they die. This will typically include a will, but it may also include trusts. While many people think of trusts as something only wealthy people...
Obtaining insurance can be an effective way to plan for the future, especially for unavoidable situations that may come with age. Specifically, seniors can benefit from long-term care insurance policies that cover their needs living with impairments and other health...
As you make your estate plan, one thing that you want to consider is that you could find yourself facing significant healthcare needs in the future. Some people find that their life savings is essentially wiped out by medical bills and other healthcare costs near the...
When planning for unforeseen circumstances such as incapacitation or illness, establishing a power of attorney is crucial to designate someone to make decisions on your behalf. However, these individuals entrusted with this power of attorney may sometimes abuse it,...
Probate proceedings can be complex, especially when assets are located in multiple states. In Florida, ancillary probate may come into play when a decedent owned property or assets outside of the state. Understanding when an ancillary probate is needed and what...
If you have a loved one with special needs, planning for their long-term care and financial security is likely a top priority. A special needs trust can help you achieve that. This legal arrangement can provide peace of mind by ensuring that your loved one’s needs are...
When you die, you hope your executor will carry out your wishes as planned. However, sometimes, this does not occur due to errors or estate planning oversights that the deceased made during their lifetime. Learning about some of them reduces the chance you make the...
Imagine this: you and your partner are enjoying a family outing with your children. Suddenly, the unthinkable happens. An accident leaves you both unable to care for your kids. Who would step in and raise them? This is where having a guardian named for your minor...
If you’re using a durable power of attorney as part of your estate plan, you are focusing on what would happen if you became incapacitated. For instance, you could suffer from a stroke that leaves you unable to communicate with family members and with your medical...
People sometimes make estate planning mistakes because they believe myths. They don’t know that these are myths at the time. They may just think that they’re getting good advice from friends or family members. These people could unintentionally be passing along...