Trusts can be a major part of any estate plan, and there are a lot of different ways that you can use them. It just depends what benefits you’re looking for and what you’re trying to accomplish. To help you begin this process, let’s take a look at three examples of...
Estate Planning
Will your estate plan help your children or lead to problems?
It is often concern for loved ones that pushes people to first create an estate plan. You don't want your children to suffer because of your death, so you ensure that they will have a guardian when they are minors and an inheritance to help support them as they grow...
Medicaid and other debts can consume your entire estate
Aging adults often feel two different kinds of financial pressure. They may worry about running out of savings before they die. They may also worry about whether they can leave behind anything meaningful and valuable for their children, grandchildren or other loved...
Does it ever make sense to put off estate planning?
It’s common for people to put off estate planning. When you hear, for instance, that most people don’t have an estate plan, you may be confused. Don’t they know how valuable it is? Do they think they don’t need one? While there are certainly people in those camps,...
Can your aging parents name their own guardians?
Aging often requires that older adults rely on the practical support of others, sometimes voluntarily and occasionally because of legal paperwork. When someone is no longer capable of managing their own affairs, their loved ones or the probate courts may eventually...
Who benefits from estate planning?
Individuals of substantial means often realize the importance of an estate plan. That said, assumptions that a person with a smaller net worth wouldn't benefit from estate planning could be both false and disastrous. Florida residents may find that estate planning...
Tips for talking to your parents about their estate plan
People from all over the country move to Florida to retire and relax. If your parents are part of this group, you likely hope they enjoy themselves and take it easy. The last thing you want to do is create stress or put them in an uncomfortable position. Thus, it can...