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If you established substantial wealth throughout your life, you may want the opportunity to share it with your children and the generations to follow. According to CNN, there are ways for you to ensure that your money remains in the family. Start a discussion Many...
When you agree to serve as the personal representative for a family member who lives in Florida, you must navigate the state's probate process even if you reside elsewhere. The court where your relative lived will supervise the process of distributing estate assets...
If you have relatively poor health and the necessity of nursing home care looms as a distinct possibility in your future, you need to begin now to prepare and plan for that possibility. Waiting until the last minute may well put you in the unfortunate position of...
A common assumption amongst many of those engaged in the estate planning process in Florida is that there is nothing one can do to avoid the potential for estate taxes. Yet if you share the same belief, you should know that may not be the case. First and foremost,...
If you stay in Florida for part of the year but officially live in another state, working through the non-resident probate process upon your death may become complex for your personal representative, especially if your property involves real estate. Your loved ones...
Living wills provide people the means to dictate how the medical world approaches their life, whether it is in crisis or not. Without directives from a living will, healthcare professionals have a default procedure to fall back on that may not fit with a person's...
As your parents age, it is likely difficult for you and your siblings to consider the future without them, and this often leads to a lack of discussion regarding an estate plan. However, the American Association of Retired Persons reports that the division of assets...
When an individual passes away, his or her relatives usually take on the duty of wrapping up final affairs, canceling services that are no longer needed and, most importantly, seeing to matters listed in the decedent's will. One action that is often necessary is...
A living trust provides more control over your assets and the process for dispersing them after you are gone. It also helps avoid probate, because the trust will own your assets going forward. According to Kiplinger, many estate planners forget to fund their trusts....
Misinformation can result in complications when planning your estate. Before you start the process of drafting a will, reviewing these common myths can help inform smart choices for your finances. These are the facts behind four often-repeated estate-planning...
