You might have heard or read discussions on elder law planning and estate planning. While some law firms work with both legal areas, and there is some overlap between them, technically they are distinctly different and equally important. Elder law planning protects...
When a person in Fort Lauderdale passes away, their estate generally must be probated. Probate is the legal process through which their assets are located, debts and taxes are paid out of the estate and the remainder distributed to the decedent’s heirs. Overseeing...
Your estate plan is only effective if it’s found to be legally valid. This means that your documents have to align with applicable state laws, but it also means that you have to be able to provide assurances that you had the requisite mental capacity when creating...
Estate planning can seem like a complex process, with many different ways to accomplish an endless variety of goals. Establishing one or more powers of attorney can be a useful means of achieving some of those goals, but it’s important to understand that there are...
Although most Florida residents have any number of questions when they start looking into the estate planning process, trusts are probably one of the top issues. Estate planning can seem difficult enough before a person even starts to think about whether or not trusts...
Losing a loved one is never easy. While you struggle to cope with the emotional realities of the situation, the financial and logistical nature of the circumstances can make moving forward even more challenging. In fact, most people who suddenly and unexpectedly lose...
One way to start out the new year is create an estate plan. Everyone should have an estate plan and should know what to include in their estate plan. There are several key documents to consider including in an estate plan. Durable power of attorney for financial...
There’s a lot that goes into estate planning. While you’ll certainly want to address asset distribution in a way that is beneficial for both your estate and your loved ones, you’ll also want to ensure that you’ve got the proper documentation in place to protect your...
Probate may be a lengthy, inconvenient, and costly process. Transfer on death designations, however, allow the transfer of assets to designated beneficiaries after a person’s death without undergoing probate. TOD A TOD designation allows the beneficiaries or a spouse...
Once a person has completed his or her estate plan, they may need to change it if they have children, their assets increase or decrease or there are other circumstances that cause the original plan to no longer fit their needs. They may not know how to approach...