The process of estate planning can be a complicated one, filled with many vital decisions. One such important choice is selecting an executor for your Florida estate. The executor plays a pivotal role in the process, making it crucial to understand how to go about...
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Estate Planning
What is a spendthrift trust?
On Behalf of The Hinson Law Firm, P.A. | Apr 26, 2023 | Estate Planning
As a parent, you put time and effort into teaching your children how to navigate the world as good adults. However, some may end up with spending habits that worry you. You may want to look into a spendthrift trust in that case. It does not leave your children...
If you move, do you need a new estate plan?
On Behalf of The Hinson Law Firm, P.A. | Apr 17, 2023 | Estate Planning
Florida's mild climate is attractive to those who are sick of dealing with blustery winters. In fact, according to reporting from CBS News, nearly 320,000 Americans relocated to the Sunshine State in 2022 alone. Whether you are moving across the country or only across...
Why you still need an estate plan if you never have kids
On Behalf of The Hinson Law Firm, P.A. | Mar 29, 2023 | Estate Planning
The older you get, the more you might start thinking about your future, and putting together an estate plan is a great place to start. Many Florida residents who neglect to create estate plans say they never did so because they did not have children to inherit their...
4 pieces of information you should record for your beneficiaries
On Behalf of The Hinson Law Firm, P.A. | Mar 29, 2023 | Estate Planning
If you are like many people, you probably do not want to think about life after your passing. As unpleasant as it may seem, a little forethought can save your loved ones significant stress when the time comes. Here are four pieces of information you should record in...
How can you broach the topic of your estate plan with family?
On Behalf of The Hinson Law Firm, P.A. | Mar 22, 2023 | Estate Planning
No one likes talking about heavy topics, and that is the heart of end-of-life discussions. Likewise, talk of estate planning often gets shunned for the same reason. But these are important topics to broach, and doing so in the right way can lead to fulfilling and...
4 estate planning documents to consider in addition to a will
On Behalf of The Hinson Law Firm, P.A. | Mar 7, 2023 | Estate Planning
A will is the cornerstone of a good estate plan. Your will ensures that a trusted personal representative will have the legal authority to wrap up your estate and transfer your assets to beneficiaries as you wish. However, a will only goes into effect after your...
The role of executor and final tax obligations to the IRS
On Behalf of The Hinson Law Firm, P.A. | Feb 9, 2023 | Estate Planning
One of the main responsibilities of an estate’s executor is paying off all legitimate debts and expenses of the deceased. In addition to paying valid creditor claims, the personal representative is responsible for discharging final bills related to medical and funeral...
Estate planning with minor children in mind
On Behalf of The Hinson Law Firm, P.A. | Feb 9, 2023 | Estate Planning
Having a child is a life-altering experience. It changes the way you view and interact with the world. One important change for new parents is their estate plan. You now have to plan for a new person's future, which introduces many new considerations. Assigning a...
5 reasons outside of the ordinary to update your will
On Behalf of The Hinson Law Firm, P.A. | Jan 12, 2023 | Estate Planning
It is not unusual to create a last will and testament then put it away and forget about it until a major life change such as remarriage or a recent birth brings updating to mind. However, there are many reasons for updating your will. Here are five you may not have...