Category Archives: Estate Planning
Is A Lifetime Bypass Trust Right For Your Family?
Margie worked hard all her life to put something aside for her grandchildren. She inherited nothing and did not want her kids and grandkids to struggle. Now she is the proud owner of multiple residential properties and a venture capitalist. She has substantial net worth she wants to pass on to her loved ones,… Read More »
Tips For Updating A Florida Estate Plan After A Marriage Or Divorce
Janice and Ryan recently married, but with children from previous marriages. While they no longer share property or income with their previous spouses, neither Janice nor Ryan ever got around to changing beneficiary designation for life insurance policies. They also have not updated their will. What are some good estate planning practices to keep… Read More »
Intellectual Property Estate Planning For Tampa Residents
When people think of estate planning, they usually consider the large assets like the home, a vacation home, vehicles, perhaps a timeshare, and the intangible financial assets like the deceased’s bank and investment accounts. But what about intellectual property? What if the deceased was an artist or an inventor? Should people just starting to… Read More »
Estate Planning Tips For Unmarried Couples In Tampa: Part 2
In the previous blog post, our authors discussed estate planning for unmarried couples without children. In this post, we will discuss additional caveats and considerations for couples with children. All advice previously discussed does pertain to couples with children, including the completion of a healthcare power of attorney. This also includes a thorough review… Read More »
Estate Planning Tips For Unmarried Couples In Tampa: Part 1
Marriage is no longer a social requirement for couples wishing to cohabitate and remain monogamous, although common law marriage is not recognized in the state of Florida. In fact, in 2020, the U.S. Census Bureau determined that the rate of marriage declined to 49 percent. The stigma for unmarried couples has all but vanished,… Read More »
HB 625 Changes Attorney Fee Structure For Tampa Estate Planning
Understanding estate law vernacular is complicated enough as it is. Trustee, representative, settlor, and decedent are all terms many clients struggle to make sense of. But what about the fee schedules cost of opening an estate? Of course, there are attorney fees associated with opening an estate and completing administrative tasks, but what about… Read More »
Do You Need An Advanced Directive Or Florida Living Will?
Many people mistakenly assume that estate planning is finished once they draft a last will and testament. They may fail to update their will as life passes by, something they may also want to reconsider. However, a last will and testament only governs a person’s decisions regarding property division. It does not account for… Read More »
Understanding The Benefits Of Florida Special Needs Trusts
Providing around the clock care for a loved one is a full-time job. It takes a special person with patience, love, and understanding. You are your loved one’s best advocate and friend. If you care for a young child or adult child with special needs or a physical disability, you may be concerned about… Read More »
Understanding Florida Minor Guardianships
You and your husband recently became parents to a baby girl. While you are immersed in the life of raising a newborn, your relatives keep mentioning the importance of a life insurance policy and minor guardianship. You want your sister to care for your child in the event of an emergency. Is it really… Read More »
What Is A Florida Life Insurance Trust, And Do You Need One?
Michael and Abigail have three young children under 10 and know it’s time to purchase a life insurance policy. However they are bewildered by the process because Abigail has a pre-existing condition and is in cancer remission. They are concerned they might not qualify for coverage, and even so, what happens to the policy… Read More »