Month: May 2021

Handling Florida probate from another state

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...

Should you consider a Medicaid spend-down?

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...

How should you prepare for estate taxes?

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,...

Advanced medical directives for living wills

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...

Who is involved in the probate process?

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...

What does it mean to fund a living trust?

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....