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Did you know that only 34% of Americans have an estate plan? This means more than 60% of Americans die without even the most basic will. If you lack an estate plan, your heirs will undergo a lengthy and costly probate process. Therefore, consider these strategies to...
When developing an estate plan, you should explore strategies to help manage your property and pass on assets to your beneficiaries without hitting major roadblocks. Enhanced life estate deeds, sometimes known as "Lady Bird Deeds," can help transfer real estate...
There are numerous benefits and downsides associated with serving as a personal representative for someone else's estate. Not only does this require a lot of skill and responsibility, but it also opens you up to lawsuits. Thus, it is prudent to ask whether or not such...
The death of a parent or a person with an estate often requires the paying off of debts. This task can fall to the surviving children, to a spouse or to a personal representative named in an estate plan. Each state outlines the steps that both estates and creditors...
You have probably been responsible and developed a financial plan, including a plan to pay for your retirement. However, have you taken the time to build an estate plan that distributes your assets upon your death? If you are like many individuals, you may think that...
Because it can be a lengthy and expensive process, avoiding probate is an estate planning goal for many people. Florida law provides two ways to settle small estates without going through the probate process. How do small estates avoid probate and which estates...
Your estate plan lets you name a personal representative who will oversee your estate after your death and allows you to define how you want to distribute your assets. However, many people have yet to start the process of creating one of these plans. According to a...
If you live outside of the Sunshine State, you may have little idea about what to do with a deceased loved one's estate. Still, becoming familiar with the probate process can help you make the right decisions. It also can help you deal with your relative's estate in a...
If you have suffered a catastrophic injury because of someone else's negligence, you may have little choice but to file a personal injury lawsuit. After all, you are likely to have piles of medical bills you cannot begin to pay. You also may never be able to work...
Dementia is a progressive condition that severely impacts an individual’s cognitive abilities. Because of how quickly the mind can degenerate, estate planning should take place as soon as a diagnosis of the condition occurs. Even though the condition grows...
