Miramar Beach Business And Estates Blog
When you think about estate planning, you probably look into the usual topics. Do you need a will? What kind of trust could you benefit from? How do you want to pass on your assets? Of course, it’s helpful to think about these things, but to try to use a standard...
The trustee overseeing your trust will determine how effective your trust is and how much your loved ones actually receive from the trust. They will have to manage and distribute trust assets while enforcing the rules you put in place when you grafted the documents. ...
Both guardianships and conservatorships are legal arrangements that often occur contrary to someone's wishes. Health concerns or mental health issues have left someone unable to safely and appropriately manage their own affairs, so their close family members or...
To avoid a dispute of your will, you might have thought of including a no-contest clause. Such a clause serves to discourage the beneficiaries from contesting the will since they will end up with nothing should they lose the contest. Unfortunately, such clauses are...
As a young person, estate planning is likely to be the last thing on your mind. Perhaps you have just graduated? Maybe you are a few years into a relationship and plotting the rest of your life with the person you love? Does estate planning really have to be a part of...
In Florida, any assets that are not passed on through a will, trust or other beneficiary designations may be subject to probate. What that means is that those assets need to be reviewed by a court before they can be passed on to an heir based on state law. Not...
As your parents have been getting older, you started to wonder about their estate planning. Maybe they've never mentioned it to you. Maybe they've told you that they're going to get to it later. Either way, you don't think they've done any planning yet, and it makes...
As a parent, few things are likely to be more important to you than the well-being of your children. Generally, this is something that you can oversee until they reach adulthood and beyond. Unfortunately, unexpected events, such as accidents or illness, can occur and...
For the period an estate goes through the probate process, the executor runs the show. That’s who the testator entrusted with handing down the estate to the heirs. Since they are tasked with gathering all of the estate's taxes and paying out debts and other...
An estate plan or will should be an accurate reflection of an individual's last wishes. People can decide how to split their property among their loved ones and establish a meaningful, lasting legacy based on their own thoughts, not the desires or demands of other...