As everyone knows, it's not easy to predict what will happen in life. If you'd like a way to ensure your family receives protection after you pass away, revocable trusts have a lot to offer. With that in mind, here's a closer look at several beneficial reasons for...
Year: 2021
Estate planning for blended families
A second marriage can be a beautiful, welcome change for many families. If there are children or other heirs in the second marriage, it's important to consider what will happen with your assets and funds when you pass away. While you can't guarantee that everyone in...
The benefits of an irrevocable life insurance trust
An irrevocable life insurance trust can exclude the proceeds from a life insurance policy from estate taxes in Florida. This type of trust can be particularly beneficial to those who are wealthy. Here are some of the benefits of having an irrevocable life insurance...
Digital assets count during estate planning
Residents of Jacksonville and other parts of Florida may want to learn more about protecting and thinking about digital assets in estate planning. You may not have a giant following on instagram, but you likely have digital records that you own and control. While you...
How designated beneficiaries can upend your estate plans
All Florida residents should be sure to create an estate plan, and it's important to update relevant documents as needed after a birth, divorce or other significant life event. If you plan on reviewing your final wishes, knowing more about the designated beneficiaries...
The ins and outs of contesting a will
Disputing the provisions in a will is a time honored trope in TV and movies. In reality, that happens much less frequently than it did on Murder, She Wrote. There are very limited grounds on which someone can contest a will in Florida. They include things like not...
The best times to review an estate plan
When Florida residents pass away, their estates are typically bound by the state's probate laws. Reviewing your estate plan on a regular basis may ensure that your will is structured properly and that certain assets can avoid probate altogether. At a minimum, you...
Estate planning basics
Estate planning is important for every adult living in Florida. Even younger people who don't have much to their name should have a plan in place for disability or death. High-net-worth individuals are even more strongly encouraged to make an estate plan. There are...
How does business estate planning work?
Estate planning does not always involve personal assets exclusively. Florida business owners and others with commercial enterprises may wish to address estate-related responsibilities. Otherwise, heirs and beneficiaries might struggle to figure out how to run a...
How do you address digital accounts in estate planning?
Technology has changed the way people communicate and perform various other daily functions. Banking and investing, for example, becomes much more manageable when accessing an online account to move money around. Hopefully, Florida residents taking part in estate...