Currently Browsing:Trusts

Types of Trusts – What They Can and Cannot Do

I have had more than a couple of clients come to me after their friends or financial advisors told them to put all of their wealth into a trust so that it would be protected from Medicaid/Medicare when they die. That's it. That's all they have been told and it sounds simple enough. However, these

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Revocable Trusts Avoid Probate

Revocable Trusts Avoid Probate – BUT SOMETIMES YOU SHOULD PROBATE THEM ANYWAY I know, it sounds like lunacy. Your loved one created a Revocable Trust for the purpose of avoiding the cost and red-tape of probate. But there are some instances when you, the Trustee left in charge after the death of the Grantor (who

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Types of Trusts – What They Can and Cannot Do

I have had more than a couple of clients come to me after their friends or financial advisors told them to put all of their wealth into a trust so that it would be protected from Medicaid/Medicare when they die. That’s it. That’s all they have been told and it sounds simple enough. However, these

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In This Day & Age, Are Original Documents Even Necessary?

We are in the technological age. Many of us don’t ever think about keeping physical copies of documents that we have in electronic form. For example, do you have a physical photograph of last Christmas with the family? I know I don’t. I have a digital image on my phone (more like my husband’s phone,

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Special People Need Special Consideration

You may have someone in your life that is struggling with a disability. You want to be helpful and even generous. They could use your financial help, right? WAIT! If your someone is receiving Medicaid or other government benefits, helping them out may do more harm than good. Helping them out financially may cut their

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Small Business Succession Planning

In some ways, this business is your baby! You have watched it be born, nurtured it through the scrapes and bruises, educated and enlightened it, and helped it mature into something you are really proud of. But just like your human babies, your business needs to become independent from you so that when you no

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Some New Thoughts About Pet Trusts

Earlier, I wrote about the importance of setting up a Pet Trust to take care of your pets after you pass, but what happens to those very same pets if you become incapacitated? If your Pet Trust is one that is established via your Will, it won’t be set up and funded until after you

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How Safe is Your Pet From The Kill Shelter?

Last year, over 200,000 dogs and cats were euthanized in kill shelters across Florida before they could be adopted out. That’s atrocious! We animal lovers can’t imagine our pets coming to such an awful end and we would do literally anything to protect our pets. But what happens to your pets if something happens to

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Outline of Florida Will Requirements to Open a Florida Probate Estate

I often get asked, “Is my out-of-state Will good in Florida.” Sorry to be lawyer-like, but the answer is “It depends.” In Florida, a Will has to be (1) signed by the testator; (2) in the presence of two witnesses over the age of 18 who also sign the Will; and (3) all three signatures

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