8 Estate Planning Questions for Baby Boomers As they enter retirement age, Baby Boomers have years of wisdom and stability to offer younger generations. However, roughly 1 in 3 Baby Boomers hasn’t completed their estate plan. Failing to plan puts the families and businesses they’ve spent years developing at risk. In this article, we’ll explore eight essential questions that every …
You probably know deeds are legal documents that transfer legal ownership of an asset from one party to another. However, you might not know that there are a myriad of deeds used in each state, each with different powers and limitations. The one you need depends on when and how you want to relinquish control of a property. For example, …
There may come a time when a relative’s behavior warrants their removal from your estate plan. Such a decision normally does not come lightly, and the person seeking to make the change has often agonized over the decision for several weeks (if not months). Completely disinheriting an heir in the immediate family, such as a child or grandchild, should be …
Most people consider themselves too young to start estate planning. It’s something their parents should think about, or their grandparents need to do. The truth is that there are advantages to estate planning at different ages — and significant drawbacks to putting off the task for another day. Every generation has different priorities and circumstances, but they all have one …
Marriage isn’t the only way to make a family. Couples may share the same home, finances, and children for decades without ever walking down the aisle. Whether you and your partner have decided against matrimony or are putting the wedding off until the time is right, the legal status of your union doesn’t really affect your day-to-day life. However, without …
Florida Estate Planning Checklist: 10 Ways to Get Your Affairs in Order Estate planning is vital to ensuring your property is distributed according to your wishes after passing away. Each state has specific considerations and laws that come into play when crafting an effective estate plan. Our Florida estate planning checklist aims to guide you through the key steps to …
You’re ready to build an estate plan that gives you peace of mind and ensures a healthy financial future for your loved ones. Before you can take control of your future, you’ll need to know the pitfalls lurking in these essential documents, ready to undermine your wishes and diminish your legacy. Our legal team has prepared this list of estate planning …
Is the Trustee of Your Florida Firearms Trust a Prohibited Person? Florida gun trusts offer a simple and private way to transfer your Title II firearms to new owners. However, you must choose carefully when appointing someone to act as trustee to your revocable living trust. Your trustee must not only be a responsible party; they must be legally able to …
If you have created your Will or Trust as part of your estate plan, you’ve already taken a big step toward the financial well-being of your family members. However, you could go further by planning for specific future expenditures, such as paying for your children (or grandchildren) to get the best possible education. While you could earmark a portion of your …
If you’re a small business owner, estate planning might be the last thing on your mind. The day-to-day running of the company is likely filled with payroll concerns, marketing metrics, and attracting the right kind of talent to boost your growth. Unfortunately, many small business owners who put off estate planning don’t realize that they’re putting everything they’ve worked for …
