Tag Archives: Tampa Estate Planning Attorney
Trust Basics
Trusts are a popular choice when someone is looking to establish an estate plan. Living trusts are the type most well-known because they offer attractive tax advantages, and distribute the assets contained within the trust outside of probate, saving the estate money and time. In addition, the trust as a whole, and its specific… Read More »
Why Estate Planning in Your 20s Is a Good Idea
When people are just getting started in life – their first real job, marriage, buying a home – the last thing they typically think about is planning for end of and post-life issues. It may seem unnecessary because circumstances are likely to be different than envisioned 20 years down the road, but part of… Read More »
Wills vs. Trusts: Which Is the Better Option?
Making end-of-life decisions, such as drafting a will or trust, naming healthcare surrogates, or designating a guardian, are difficult and avoided by many for as long as possible. While such issues naturally remind a person about his/her mortality, it is unquestionably better to leave loved ones with instructions and guidance about how to treat… Read More »
Using a Power of Attorney to Protect a Person’s Finance
Parents derive a lot of pride and satisfaction in watching their children grow into independent and self-sufficient adults. This process includes a number of steps and transitions along the way, and at some point, the parent must take on a different role in their child’s life and in society. This societal shift comes when… Read More »
Important Questions Every Estate Plan Must Answer
No one enjoys contemplating what the likely consequences would be if death or incapacitation comes earlier than expected. Thinking about the emotional, financial, social and legal toll such an event would cause is usually enough to stop most people from exploring ways to make such a traumatic life event easier. While such topics are… Read More »
Revocable Trusts: What Are They and How to Change Them
Developing and executing sound plan to manage one’s assets during his/her lifetime and after death is an important piece of a person’s financial stability. While there are many options for managing finances during one’s life, few permit much flexibility as to what to happens to these assets after death. One exception to this rule… Read More »
When Is It Time to Update Your Will?
Planning for the long term eventualities of life sounds like good and prudent advice, but it is easy to let things slide when it comes to the execution. This is especially true when a person is young, not necessarily aware of what plans to make, and apt to feel like they have unlimited time… Read More »
What Happens When Part of a Will Fails?
Making the decision to execute an estate plan long before concerns of major illness and frailty appear provides a huge service to a person’s spouse and family. Being able to direct when and how medical decisions are made and property is distributed after death often makes the life transition easier for the family, since… Read More »
New Law Outlines Access to Online Accounts of the Deceased
Until relatively recently, important documents, like wills and trusts, were commonly kept in home safes or bank safety deposit boxes to protect the information from theft, destruction or alteration. A person might have also opted to keep duplicate copies in different locations as a failsafe. However, as technology and people become more and more… Read More »
What You Need to Know about Designating a Health Care Surrogate
Having the ability make decisions about your own health care is greatly valued by most people. Medical treatment is a very personal issue, and it is common for people to disagree on the correct approach, making the right to make these decisions even more important. At some point, though, many people will be faced… Read More »
