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February 2017 Archives

Should a childless couple in Florida have an estate plan?

These days, for very personal reasons, some married couples in Florida choose not to have children. However, this does not mean they should neglect estate planning. After all, one of the few certainties in life is that one day we will all die, so it is important to be prepared.

Establishing a Florida guardianship for your adult child

Sometimes things happen that are completely out of our control. Imagine you have an adult child in his late twenties, unmarried, with a good job. His life was heading in the right direction until he went out for a weekend fishing trip with the guys. A horrific boating accident left him with a severe traumatic brain injury and now it is up to you to ensure that he leads the best life possible.

How long does the probate process take in Florida?

After a person in Florida passes away, there are certain legalities that must be met. Unless a person has a trust, his or her property will have to go through the probate process. This is true if a person had a will, or if he or she died without a will (known as intestacy.) Probate is the process by which, through the court system, the deceased's assets are identified and collected. The deceased's remaining debts are paid out of the funds of the deceased's estate, and the remaining assets are then distributed to the deceased's heirs.

What are less-common reasons for estate planning?

In general, people in Florida create an estate plan for several reasons. They may want to avoid having their assets go through the probate process. They may also want to address tax issues and, naturally, see their assets passed on to their loved ones to provide their loved ones' financial future. However, there are other reasons to consider drafting estate planning documents.

4 points to know about a living will in Florida

Planning your estate is easy to put off, but doing so can leave your family with trouble if something happens to you. Your estate plan should contain more than just a list of who is going to get what. Don't fall into the mode of thinking that you are too young to create an estate plan. Any adult is old enough to make the responsible choice and get this plan done. The living will is an important document to include in any estate plan.

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