By the time someone decides to apply for Medicaid, they may already have a significant amount of unpaid medical bills to cover. People often don't understand the gaps in their Medicare coverage until they have expenses that they theoretically have to cover. At that...
As you create your estate plan, if your child is a minor, you may be interested in picking a guardian. In fact, maybe that’s the whole reason you wanted to create that estate plan to begin with. You just became a new parent and you need to know who is going to take...
There are two common reasons that people add annual gifts or strategic gifting to their estate plans. The first is that they want to watch their loved ones enjoy their inheritance. Receiving money a bit at a time might mean that family members can go on a vacation or...
As you get older, one thing that may become apparent to you is that no one lives forever. Everyone is at risk of getting seriously hurt, becoming incapacitated or living with a disability. It’s important for you to plan for the potential for incapacity in your estate...
As you start to get older and your life changes, you need to understand the value of having a personalized estate plan. While there are basic DIY estate planning methods online and simple forms that you could fill out on your own, the reality is that those may not...
Many people create an estate plan when they buy a house or have a child. Some people never revisit their estate plan because their plans for their legacy never change. However, if you are a transplant to the Sunshine State who wants a warm retirement, you may need to...
Working adults often spend much of their professional lives saving and planning for their retirement. When they finally get close to retirement age, their main priority may be verifying what benefits they have and making small changes to their households and...
Now that you’re getting older, you’ve started looking at all you’ve amassed in your lifetime and realized that you’ve done well for yourself. Now in your 50s, your children are moving out and starting lives of their own. You have more freedom, money and assets. One...
In a last will and testament, the document typically assigns someone to serve as the executor of the estate. The named executor doesn't need to be intimately familiar with Florida law to perform the duties since an attorney could provide insight and counsel. However,...
One of the issues with estate planning in Florida involves a lack of information as to why people need to create one even if they don't have a vast family fortune. It can be easy to say that since you don't have a lot, your family will know what to do with your assets...
