A last will and testament is not legally required in Florida. However, passing without a will means that the local probate courts and the state will determine how your assets are distributed to your family. A judge will not consider your final wishes once your estate goes into probate. A will, combined with other estate […]
read moreRevocable living trusts allow you to plan for the future while still maintaining complete control over your assets during your lifetime. When you establish a revocable living trust in Florida as part of your estate plan, this trust will serve several purposes that your Last Will and Testament would otherwise serve. Most importantly, it will […]
read moreIn Florida, irrevocable trusts can help you achieve a variety of more specific estate planning goals. Although the permanent nature of these trusts may seem daunting and comes with certain disadvantages, such as giving up ownership and control of assets, the irrevocability comes with certain benefits. For example, using irrevocable trusts may allow for tax […]
read moreWhat is a Living Will? A Living Will is an essential legal tool, or advanced directive, for Florida residents to consider when creating an estate plan. It is a legal document that expresses your wishes regarding the type of medical care you choose, including life-prolonging procedures and preferences for pain management, organ donation, or other […]
read moreA Florida Special Needs Trust (SNT) is a kind of trust that offers support to a family member with special needs while safeguarding their government benefits. Individuals with physical or mental disabilities often rely on government programs like Medicaid or Supplemental Security Income (SSI). A SNT may be a import part of your estate plan […]
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