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Wills Archives

Discussing estate plans with family

Florida residents may find it necessary to discuss with their family members the estate plan that they have in place and why certain decisions were made. This can be difficult for people who are uncomfortable speaking about personal financial matters, like retirement or spending habits. However, discussions about such matters can be conducted in ways that make it easier for everyone.

The difference between traditional and ethical wills

Regardless of your age, health or degree of wealth, creating a will is a critical step in the estate-planning process because it ensures the allocation of your assets in accordance with your wishes. While a traditional last will and testament typically makes determinations about who is going to receive what, another type of will, known as the ethical will, can help you pass along what is non-tangible, such as life lessons, personal beliefs and values.

Using an online will may bring more trouble than savings

Some things people in Florida should do only with professional help. For example, a person who treats his or her medical symptoms without a doctor's advice may end up dangerously ill. Someone with no electrical training who rewires a house may place the entire family in danger. A person who writes a will without consulting an attorney may not know the document's deficiencies until it is too late.

A year after Prince died without a will, disputes continue

The beginning of April often brings a rash of celebrity death hoaxes. Many people have fallen for them, only to feel foolish when discovering the joke was on them. However, few people in Florida and across the world were laughing one year ago when it was announced that superstar Prince had died of an overdose in his home. Despite the tragic circumstances surrounding his death, the story that continues to intrigue his fans is the fact that Prince died without a will.

Many in Florida procrastinate making a will

Most people procrastinate when it comes to estate planning. Creating a will may seem daunting to some in Florida. It requires one to imagine scenarios that are often heartbreaking and upsetting. However, without preparing for the future, people may leave serious questions unanswered and decisions unmade.

When do you need to update your will?

Once you have your estate planning infrastructure in place, it can be tempting to think you have everything covered and to let yourself coast. For the most part, that is what the various documents that go into your plan are designed to do-they give you the peace of mind that comes from knowing those things are handled. At the same time, though, life does not stand still, which is why it is important to know when it is time to make changes to your will and your other estate planning documents.

Mistakes commonly made during estate planning process

Creating an estate plan is essential for people with both large and small assets. If a person in Florida has something of worth they wish to pass down to another family member or give to charity, estate planning can make this possible. Unfortunately, several mistakes are often made during the estate planning process.

Essential details to understand about living wills

If you are trying to make sure your estate planning is thorough and that you have covered every important contingency, you cannot afford to overlook the advance directive, also known as the living will. These documents allow you to plan out the decisions that need to be made about your care in the event that you are incapacitated, allowing you to be sure your wishes are followed without any ambiguity or fear of miscommunication.

Estate planning important following major life events

A common mistake that people in Florida make when it comes to financial planning is not creating comprehensive estate plans. Sometimes people fail to engage in estate planning because they do not see it as an urgent task amid their other daily responsibilities. However, creating an estate plan and then keeping it updated is important for protecting one's assets long term.

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