Currently Browsing:Estate Planning

Does the Discomfort of Discussing Your Death Keep You From Planning Your Estate?

Some of us have no trouble talking about death and others of us are a bit more squeamish. A friend of mine told me his wife wouldn’t make a Will because she is convinced that if she does, it means she will die. To me that seems silly and superstitious…but hey, the bottom line is

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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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Newly Married?

Two souls have become one. But your estates are still “his” and “hers” unless you update your estate plan. While the State of Florida recognizes that even without a Will your spouse is entitled to a portion of your estate upon your passing, this “portion” may not be what you want your beloved to have.

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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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There Are Only Two Things That Are Certain: Death And Taxes.

“In This World, Nothing Can Be Said To Be Certain, Except Death and Taxes” – Ben Franklin But short term, we are much more likely to become incapacitated than to die. So what does it mean to be incapacitated? It means that we can not make our own financial or health-related decisions. This may be

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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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New Parents?

You wouldn’t leave your baby in the care of a stranger. Without a Will, that awful thought could become a reality. If something happens to both parents, for example, a car accident and neither parent survives, without a Will in place naming a legal guardian, your children become wards of the State until a court

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Know Who You Are Hiring

We all heard about them – unscrupulous lawyers who steal money from the estates of people, robbing the person’s heirs of not just money, but a sense of security in the world. I was very disheartened when I read this particular story, https://www.estateofdenial.com/2009/02/03/michigan-lawyer-plunders-disabled-veterans-estate/. It seems that the deceased person was particularly vulnerable as he was

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Is Your Estate Protected From Your Ex-Spouse?

Divorce is a time- and energy-draining event. Once it is over, you are exhausted! The last thing you think about is how your estate plan should change to reflect the divorce. However, on that issue, I have good news and bad news. The Good: In Florida and many other states, if your divorce is final,

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