Complex Legal Challenges
With increasing age, there begins a keen awareness of estate planning, especially in parts of the United States with older populations, like Florida. Estate planning helps ensure that your child is financially well-cared for after your passing. Planning is especially...
Often parents and grandparents name minor children as beneficiaries under their Will or their life insurance or IRA. As a matter of law, children are allowed to inherit but how they receive that inheritance and how it is administered can pose challenges and...
While most people know about the need to have a will, many are unaware of the other documents that could be part of their estate plan. Creating an estate plan as unique as your family and your goals often depends on exploring all your options, including wills and...
When a person dies in Florida, a decision needs to be made whether to bury or cremate their remains. The decision is important, having both personal and financial implications. This blog will discuss some of the legal considerations that come into play when someone...
In Florida, a surviving spouse has certain protections in the event his or her spouse dies and does not leave the surviving spouse an acceptable portion of the deceased spouse’s assets. In simple terms, these protections prevent a surviving spouse from being totally...
When creating an estate plan, people may need to address what to do with digital assets ranging from email accounts to Bitcoin balances and more. Like most states, Florida has enacted the Revised Uniform Fiduciary Access to Digital Assets Act. With this in place,...
In our estate planning and probate practice, we often see situations where clients will add a loved-one on to their bank account as joint account owner or will make a “Pay-on-Death” (“POD”) designation. The reason for this is often either for convenience or to avoid...
In our estate planning practice, we commonly have clients ask “Will I be taxed if I receive an inheritance from a loved one?” In order to answer this question, there are a couple of things that will help you understand how taxes come into play when someone dies and...
Family relationships can be seriously damaged, sometimes permanently, in cases involving estate disputes and probate litigation. Unfortunately, there is no surefire way to guarantee the proceeds of your estate won’t be disputed after you’re gone. However, you can take...
Caring for elderly family members can quickly become an expensive problem for modern families. Elder care can cost up to $8,000 every month, and not every senior can depend on pensions or investments to cover these expenses. How is a low-income family expected to bear...