Most people do not think about writing their wills until they are older and facing their mortality. However, as we have addressed in previous posts, adults can never be too young to start thinking about their estate planning. There are many reasons to update your...
Estate Planning
People need to alter their wills after a divorce
A divorce equals a lot of changes coming into your life. You and your spouse should have created wills after marriage, and upon a divorce, the two of you also need to make sure your wills receive updates. The state of Florida does help a bit with this. In 2012,...
Update your will after moving to Florida
If you already have a will written and approved by an attorney, then you are already far ahead of most American adults. However, a will should never remain a stagnant document. If you create your will early on in life in your 20s or 30s, then you will need to update...
What is a revocable trust?
While it is true that a revocable trust often allows heirs to skip probate in Florida, there are several elements to consider before settling on it as the best way to handle your estate. The term “revocable” means that you can still alter or terminate the...
Things people forget when writing their wills
If you currently have a will, then you are already far ahead of over half of American adults. A report by Fox Business found that only about 42 percent of adults in the United States have adequately planned for the division of assets after their death. Even...
Specific blended family estate planning concerns
If you are one of the many people in Florida looking to get married for a second or even third time, you will likely have different things to take care of before you say, "I do". One of these is updating your estate plan. The choices you make when deciding how you...
Will you have to pay the estate tax?
Ask anyone in Hernando County what inevitabilities there are in life, and you will likely get the same two answers every time: Death and taxes. Sadly, those two things are often linked. You work your entire life in order to accumulate assets that you one day hope to...
3 reasons to consider a living will
No one wants to spend much time thinking about the end of his or her life, but you should seriously consider getting a living will. A living will can lay out your medical wishes if you get sick or in an accident that leaves you in a vegetative state. For example, it...
What age should people create a will?
A surprising number of American citizens lack a will, a crucial document people need to have upon their deaths. In fact, an article from Forbes states that 62 percent of Americans between the ages of 45 and 54 do not have a will. No one likes the idea of...
Florida estate planning: a complex and wide-ranging universe
A truly accurate depiction of estate planning for individuals and families necessarily conveys the point that estate administration is centrally about preservation, which is a reality that we stress on our legal website at the Hernando County [nap_names...