Recent Blog Posts
Do I Really Need a Trust That Lasts 1,000 Years in Florida?
If you are in the process of researching estate planning strategies in Plantation, you may have heard that trusts can last 1,000 years in Florida. Perhaps you think that this is a little excessive. Do you really need a trust that lasts so long? What are the chances that your family line will even… Read More »
Examples of When You Can Change an Irrevocable Trust in Boca Raton
The phrase “irrevocable trust” is somewhat self-explanatory. Once you create this type of trust, it is almost impossible to make any future changes or “cancel” the trust. This aspect provides both advantages and disadvantages, depending on your unique circumstances and priorities. But is there any situation in which you might change an irrevocable trust?… Read More »
My Son Has a Gambling Addiction: How Will This Affect My Estate Plan?
According to the Florida Council on Compulsive Gambling (FCCG), 79 percent of all adults in Florida engage in gambling. Other studies indicate that 97 percent of all Floridians who seek help for gambling addictions are men (particularly in regard to online sports gambling). If your son is struggling with a gambling addiction, you may… Read More »
Adding Children and Pets to Your Estate Plan in Plantation
While it is easy to focus on your assets during estate planning in Plantation, you also need to consider children and pets. These entities are dependent on you during life, and your unexpected and early loss could leave them extremely vulnerable. How do you add your pets and children to your estate plan, and… Read More »
My Family Member Was Worth Less Than I Thought in Florida: What Happened?
Many younger people have enormous respect for their parents and grandparents, and they may be somewhat in awe of their net worths. Younger generations also make numerous assumptions about boomers, often associating them with seven-figure bank accounts, extensive real estate portfolios, and other high-value assets. What happens if your family member dies, and they… Read More »
Is Dying With Credit Card Debt a Big Deal in Florida?
Recent statistics show that about three-quarters of Americans pass away with at least some debt. Of these individuals, the average decedent had about $4,500 in credit card debt when they passed away. If you pass away with an unpaid balance on your credit card, how does this affect your family? This is a question… Read More »
Does My College Student Need a Durable Power of Attorney?
Parents often worry when their adult children head off to college, and for good reason. Post-secondary education is a time for discovery and growth, but it can also be quite dangerous. From fraternity hazing rituals to new relationships and experimentation with drugs, college students face numerous hazards. A durable power of attorney in Plantation… Read More »
Protecting Collectibles With an Aventura Estate Plan
If you own collectibles, you might want to start to think about how you are going to implement these assets into your Aventura estate plan. Even if you are under the impression that your collectibles are not worth much, you may be surprised to learn how valuable they have become. What is the best… Read More »
Does My College Student Need an Advance Directive?
If your young student is preparing for college, you might want to consider an advance directive in Boca Raton. You might have heard that an advance directive can ensure the family retains a certain degree of control in the event of a medical emergency. But is this really necessary? What might happen if your… Read More »
Should I Choose My Adult Child as My Personal Representative in Aventura?
Your personal representative plays an important role after you are gone, overseeing the administration of your Last Will and Testament and ensuring that your beneficiaries receive their assets. Although there are many potential candidates who may fill this role, you may want to select your adult child. What are the pros and cons of… Read More »