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Estate Planning Archives

Estate planning for same-sex couples presents unique issues

Despite the fact that the rights of same-sex couples have come a long way in recent years, same-sex couples in Florida and across the nation face issues in their daily lives that opposite-sex couples do not. For example, estate planning is important for all adults in our nation, but it presents complexities for same-sex couples.

There's no time like the present to get that estate plan in order

Memorial Day kicked off the unofficial start of summer, but what is more important is to remember America's soldiers who were killed in the line of duty. Of course, not everyone has to be a service member to have an unexpected death. That is why it is important for people in Florida to be prepared with an estate plan that dictates how and who will inherit one's property, what life-saving measures the person wants should they become incapacitated and who will handle their financial and health care decisions when they are no longer able to do so.

Trust, prenup at issue following Alan Thicke's death

Florida residents may be interested to hear that a war may be brewing between the children of late actor Alan Thicke and his widow. In 1988, Thicke drafted a living trust. Later, when he married his now widow he entered into a prenuptial agreement with her in September 2004. The couple wed in May 2005.

Is there a difference between fair and equal in estate planning?

Parents of young children may strive to keep things fair between their children. For example, parents may set an age at which the child can have a later bedtime, watch certain movies or television shows or start dating. However, it is not always that easy to treat your children equally when the children grow up and become adults. This may especially be true when it comes to estate planning.

How does a 'life estate' factor into estate planning?

The family home is where the heart is, but what will happen to your home when you die? Some people in Ft. Myers may have left their home to their children in their will, but that will still needs to go through probate, which could be a long and pricey process. Are there any other options for people who want to hand their home down to their heirs but want to avoid the probate process?

How can estate planning can address both life and death wishes?

Some people in Ft. Myers may have created a will, and then considered their estate plan is complete. Others may be so intimidated by the thought of estate planning that they haven't started at all. However, a well-rounded estate plan encompasses more than just a will. It encompasses all the documents a person needs to protect their interests once they have retired as well as pass their assets down to their chosen heirs. The following are some estate planning steps a person can take that will both their needs and their loved ones' needs.

Estate planning for the care of your furry friends

Whether one owns a dog, a cat or any other furry companion, pets provide unconditional love in our lives. Floridians who have gone through the estate planning process may have given very careful and thorough thought to their family members' needs after they pass away. However, Floridians should not neglect to address their pet's needs in the estate planning process.

Estate planning can let one be prepared for the inevitable

As the old saying goes, "Nothing is certain but death and taxes." While many people in Ft. Myers are currently facing the taxes portion of that adage head-on during this time of the year, many others are reluctant to plan for the other portion of the saying, death. Yet death will one day come to us all, and no one can predict when it will happen. Therefore, it is important to have all your affairs in order now, which means drafting an estate plan.

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