It may feel easy to focus on your physical wealth, quality of life health care choices and who inherits what after you die. Another thing that goes a long way to providing stability to your grieving loved ones is having a funeral plan you helped write yourself. By...
If you have children under the age of 18, one of your responsibilities as a parent is to make sure their care continues in the event that both you and their other parent die. You do this by appointing one or more guardians for them in your estate plan. According to...
An estate plan serves as a crucial matter for many people. However, most people do not realize that taking care of and maintaining an estate plan goes far beyond its initial creation. Reviewing this plan serves an equal measure of importance. But how do you do so?...
When you first put together your Florida estate plan, you may decide to create a relatively basic plan so that you do not run the risk of dying intestate, or without a will. While a will is an undeniably important part of any estate plan, you may have specific goals...
In establishing a trust, you have to consider who you want to oversee the trust and protect your assets and legacy. When it comes to trusts, you have to appoint a trustee. According to the U.S. Bank, choosing a trustee may be one of the most important financial...
The documents included in your estate plan are your choice. You can choose those that are appropriate to your situation and leave out those that do not meet your needs. Most estate plans include either a will or a trust. Some include both. Knowing the strengths and...
Many Florida residents refer to a revocable trust as a living trust, which essentially means that you may change it at any time while alive. If you regularly purchase and sell assets, you may transfer them to or from your living trust up until your death. The Florida...
Estate planning can benefit your loved ones in a number of ways, especially once you are no longer there to voice your desires regarding any assets and how you want them divided among the family. Detailed instructions laid out in language that is simple to understand...
When preparing for the future, many parents consider setting up trusts for their minor children. Generally, trusts give people greater flexibility and control in how and when their property and assets get distributed. Understanding the benefits of trusts may help...