At first glance, the estate planning process might seem relatively straightforward. This is because a lot of people think that the process is nothing more than creating a basic will to specify how assets will be distributed upon death. But the process is oftentimes...
Estate Planning
Estate planning for valuable collectibles
When you first plan your estate, there are different things that you should consider. You want to make sure that you account for everything that you want to pass down. Even if you don't have a tremendous amount in assets, some of what you do have may be valuable and...
Why should new parents consider estate planning?
One of life’s greatest joys is welcoming a new child into the world. As a new parent, you may already be making plans for your child’s future. One future possibility you may not have considered is the chance that both you and your child’s other parent could die before...
What happens if you don’t have a will
If a resident of the Fort Lauderdale area dies without a will, then Florida law will decide how the property of their estate will be divided. Like other states, Florida has a law that spells out how a resident of this state’s property will get divided if the person...
Important considerations when selecting a trustee
As this blog has previously discussed, a trustee has an important role to play in the trust administration process. If you are setting up a trust, you should know what to look for when selecting your trustee. Trustworthiness One of the first things you should look for...
What are the risks of dying without an estate plan in Florida?
In Florida, people are frequently advised as to the value of having even a basic estate plan. The refrains include statements about protecting loved ones, how simple it is, why it is important and what can happen if a person does not take the initiative and create an...
Should you include a no-contest clause in your trust or will?
It’s your property, and you want to do with it as you choose, which is the point of good estate planning. However, your beneficiaries may not agree with your choices, deciding to challenge them instead. Perhaps you’ve considered including a no-contest clause – will it...
Understanding a Florida special needs trust
Many Florida families have a member who suffers from serious and permanent injuries or illnesses. These family members may be totally disabled and eligible for federal and state financial assistance, including Medicaid, Supplemental Security Income and Social Security...
Estate planning pitfalls to avoid
Everyone who plans their estate wants to set up a plan that meets their needs, is aligned with their desires for the future and adequately cares for their family members and loved ones. If you are worried about setting up an estate plan that is best for you and your...
Are you going to make these estate planning mistakes?
At first glance, estate planning may seem pretty simple. You simply draft up a document that specifies how you want your assets to be distributed, right? That’s true to a certain extent, but the process is much more nuanced than that, especially if you want your...
Jennifer D. Sharpe
Call: (954) 361-9449