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Category: Estate Planning

Estate Planning: Separate Property vs. Community Property

Approximately 39% of marriages in the United States end in divorce. Florida currently has the seventh-highest divorce rate in the country. If you and your spouse are considering a divorce, it is important to understand the procedure – especially when it comes to property. Here we explain the differences between separate and community property and…

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Estate Planning For Stepchildren: What You Need To Know

Living life together as a blended family takes a lot of healthy communication to make things work. Part of that conversation should be how children from previous marriages will be financially supported in the event of either spouse passing away. Estate planning for stepchildren differs from biological children so it is important to discuss their…

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Estate Planning For Young Adults

Many people think that estate planning is only for the rich or elderly. It’s also easy to think that estate planning for young adults is a waste of time because of a perceived lack of assets, but chances are you have more financial assets than you know. In reality, estate planning is about so much…

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The Importance Of Estate Planning & Special Needs Children

Estate planning can be an emotional task for any family. It is, however, an important step for the future of your family, especially when your dependents have special needs. Don’t procrastinate. Part of estate planning is getting it done before it becomes necessary so that your loved ones aren’t burdened with handling this overwhelming task…

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Estate Planning Guide For Non-US Citizens

Estate planning is a complicated but necessary part of any financial plan and a noble undertaking for the benefit of people you care about. For non-U.S. citizens who reside permanently in the United States, estate planning becomes an even more complex and nuanced operation. This guide will demystify some of that complexity. Common Terminology Before…

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Estate Planning Basics: Guardianship Of Minors

Nobody likes to think about the event of dying, least of all having to consider what will happen with your assets and dependents that are left behind. However, planning for the unfortunate but inevitable event of death can relieve a lot of stress and avoid misunderstandings in the future. A minor, in Florida state, is anyone under 18…

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Estate Planning Basics: Financial Assets

When it comes to planning your estate and the distribution of your assets, it’s essential to take all necessary precautions to make sure your wishes are recorded and beneficiaries receive their due in the most advantageous way as is possible. While many might think that estate planning is a necessity only in your elder years,…

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Estate Planning Basics: Property

Thinking about our mortality is never easy, but by taking a few estate planning basics into account, we can make sure that sorting out issues such as property will be easier for our loved ones While property is only one aspect of estate planning, it is essential to understand the different types of property along…

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Estate Planning Basics: Debt

The current economic climate can be challenging, with people taking out extra mortgages and credit. Unfortunately, this means that a lot of people are passing away and leaving debt behind. Just as managing the death of a loved one can be complex, so can Florida law, with several situations resulting from debt being left behind after…

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Estate Planning Basics: Retirement Assets

There are many aspects to consider for a secure financial future. Forbes describes how people are outliving their savings as life spans get longer. Essentially, this means that a retirement plan is crucial. But what happens to the retirement assets upon the unfortunate instance of death? Understanding estate planning basics will help deal with retirement…

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