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April 2014 Archives

Assisted living facilities in Florida may face increased fines

Elderly Florida residents who are no longer independent and need help with certain daily tasks may find comfort in living in an assisted living facility. These facilities provide housekeeping services, medical care, transportation and prepared meals to the people who reside there. Over 80,000 people currently live in these Florida facilities and depend on their services.

A living trust can have substantial benefits for Florida residents

Many families who have been proactive in planning their estate and organizing their finances have used trusts as a way to ensure that their beneficiaries get all of the assets and property that they are entitled to. After one spouse passes away, traditional estate plans often name the remaining spouse as the rightful recipient of any property and assets. However, Florida residents that have their estate planned in such a way may want to take a careful look at whether they are getting all of the financial benefits that a living trust can bring.

How to avoid Florida probate during asset distribution

Planning an estate, organizing a will and creating a trust are just a few ways that one can avoid having their property and assets go into probate upon their passing. During probate, the legal system becomes involved in the distribution of assets, including paying any expenses and creditors that are owed money. While the grieving process can be extremely overwhelming after losing a loved one, dealing with a lengthy probate battle with the court can add stress to the situation. Florida law has certain policies in place indicating the types of probate, when they should be used and in what cases they can be avoided.

Americans urged to designate a medical power of attorney

Many Americans feel that creating a will is something that should be left for aging citizens and not a detail to be dealt with early-on in life. However, designing a solid will as early as possible may help to prevent a bad situation in the case an accident or emergency should occur. These essential documents ensure that the distribution of property, assets and finances are carried out according to your wishes. They are also instrumental in delegating the person who should be responsible for making important medical decisions on your behalf should you become unable to make them on your own accord.

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