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probate Archives

The estate tax and its exemptions

There are a lot of considerations that have to go into estate planning. As we have discussed on this blog previously, individuals must consider whether wills and trusts will be beneficial to them and, if so, how best to craft them to meet their needs. While the focus of these legal instruments is often to protect assets from creditors and ensure asset distribution in accordance with an individual's wishes, there may be another major issue that needs to be considered: taxes.

Include digital assets when estate planning

The world is not the same as it was 50 years ago. It is not even the same as it was five years ago. Generally speaking, our lives have become digitized on a massive scale. Money can come and go without one seeing a physical bank note, and our lives are documented on social media. For many, this digitization has made life easier. But, in some respects, the constantly evolving world around us can lead to new challenges, especially when it comes to estate planning.

Living wills and the power of attorney for health care

Quite frequently, those who engage in estate planning maintain their focus on the financial aspects of the process. Sure, deciding how to distribute assets and diminish debts is of critical importance in these matters, but they are not the only concerns that Floridians should take into account.

Estate planning: trust basics

Many Floridians hate thinking about their own mortality. This is completely natural. Yet, considering our ultimate demise is important when it comes to estate planning. After all, those who fail to figure out how to address their assets and debt in the event of their passing may wind up leaving their loved ones with unexpected probate costs. Also, if they fail to plan, then they may be unable to have their assets passed down in accordance with their wishes.

When can a will be contested?

Estate planning is generally something than many people neglect until it is almost too late. This procrastination should be avoided at all costs, as doing so could endanger the estate's assets in many ways. Property may go to the individual whom the deceased did not wish to inherit, and taxes and fees can leave the estate significantly diminished. Yet, even those who take steps in an attempt to protect their estate may wind up facing legal trouble.

What is probate?

Estate planning is a critical part of ensuring not only one's own financial well-being, but also those of his or her beneficiaries. Often associated with estate planning, the term "probate" often carries negative connotations. This may be caused by its portrayal in television and movies, but Floridians need to fully understand the probate process, as it may give them a clearer sense of which estate planning tools are best suited to their needs.

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