There are many issues to consider when organizing and planning your estate in Florida. While you want to account for all your property and assets, it may be beneficial to consider making it easier for your close friends and loved ones to handle your estate once you...
Protecting your estate with a trustworthy executor
Finalizing your estate plan in Florida is just one part of protecting what is important to you. Equally as detrimental is naming an executor who you trust. Your executor upholds the responsibility to act on your behalf and make decisions that meet your expectations....
Who can be your personal representative if you do not choose one?
In Florida, a personal representative will close out your estate after your death. This includes tasks such as paying your bills and expenses, managing your property and distributing assets to your beneficiaries. According to The Florida Bar, you can choose an...
What if I cannot afford an estate plan?
If there is one silver lining to the craziness that was 2020, it is that many people have realized the importance of estate planning. However, according to a 2020 survey by Caring.com and YouGov, something is holding many back from actually drafting an estate plan. In...
Creating a financial power of attorney
When people create a will or trust in their estate planning, they usually include a living will or durable power of attorney as part of the estate planning documents. But another important advanced directive that sometimes gets overlooked is a financial POA that will...
How do I start the estate planning process?
Oh boy, what a seemingly loaded question, but really, it is not. Times are tough right now, for some financially, but for all, psychologically. Every day feels like 2020 just piles it on, and the world seems crazy. We are bombarded by the reality of our own mortality...
What are common ways to pass on business ownership?
As a business owner in Florida, you should prioritize business succession planning. This is a primary area of focus in estate planning. You might want to retire at some point in life, or you may want to work until you no longer can. Whatever the case, you need to have...
Is a family member the best option for an executor?
As a Florida resident working on your estate plan, the first step is to choose an executor. Your gut instinct may have you leaning toward a family member. After all, it is important for an executor to get along with you. You know your family members best, too. But is...
What happens if someone refuses to accept a power of attorney?
If you hold a power of attorney for someone else and wish to handle that person's business for him or her, then it is essential that others recognize the validity of your power. If they refuse to accept the POA, it could leave you in a situation where you cannot carry...
How to choose an estate executor
Whether you are starting a family or getting ready to retire from your career, financial planners emphasize the importance of planning your estate as soon as possible. A vital component of your estate plan is the last will and testament, which dictates who you would...
