When you create an estate plan, you must make numerous important decisions. Making some of those decisions may not be easy, but they are necessary. While it may double or triple your “workload,” it is crucial that you include backups – and even backups for your backups – within your estate plan to account for a wide range of possibilities. To better help you understand, the Vero Beach attorneys at … [Read more...] about The Importance of Backups in Your Estate Plan
One of the most common additions to a comprehensive estate plan is a trust agreement. When a trust is created, the Settlor (creator) of the trust must appoint a Trustee to administer the trust. If you find yourself acting as a Trustee, it is crucial that you avoid common pitfalls. Toward that end, the Port St. Lucie attorneys at Kulas & Crawford discuss four common trust administration … [Read more...] about 4 Trust Administration Mistakes You Can Avoid Making
If you plan to establish a trust and include that trust in your estate plan, one of the most important decisions you will need to make during the creation of the trust is the choice of Trustee. It can be tempting (and easy) to simply choose someone close to you as the Trustee without considering whether that person is really right for the job. To help prevent you from making this common mistake, … [Read more...] about Tips for Choosing the Right Trustee
One of the most common additions to the average estate plan is a trust agreement and a revocable living trust is a popular choice when a trust is included in an estate plan. If you decide to include a revocable living trust in your plan you will have to fund that trust after you have created the trust agreement. While it is always in your best interest to consult with an experienced estate … [Read more...] about How Do I Fund My Revocable Living Trust?
Many Estate Planning attorneys have fielded a question regarding whether an Estate Plan was necessary, or whether a Will is necessary if the client has a Revocable Trust. Let’s settle the debate now. Even in an Estate Plan based upon a Revocable Trust, Wills play an important role. Everyone with an Estate Plan needs to have a Will because certain things can only be done with a Will. Read on to … [Read more...] about The Wonder of Wills
Becoming a grandparent may be the single most exciting, and joyful, moment of your life. It also presents another opportunity to influence the life of a child. If you are a doting grandparent, you probably also want to include your grandchildren as beneficiaries in your estate plan. If so, consider the following gifting to grandchildren dos and don’ts from the Port St. Lucie estate planning … [Read more...] about Tips for Gifting to Grandchildren
At some point during your “Golden Years” you may find that you need to qualify for Medicaid to help cover your healthcare expenses. As you may already know, both your income you’re your “countable resources” will impact your eligibility for Medicaid. You may also be concerned about how your need to qualify for Medicaid may affect your spouse’s income and assets. The Vero Beach Medicaid lawyers at … [Read more...] about Understanding the Florida Medicaid Spousal Impoverishment Rules
As the population over the age of 65 continues to grow, unique problems arise. For example, many seniors may have never married, or outlived their spouse and lack confidence that someone will help them make financial and health decisions as it becomes more difficult or when they become incapacitated. A qualified Estate Planning practitioner can provide guidance to address the issues unique to the … [Read more...] about Planning for the “Silver Tsunami”
Regular readers of this blog often see articles regarding the latest celebrity whose death created a mess because their Estate Plan failed to properly protect the celebrity’s family and loved ones. It seems that an individual with fame and money could easily avoid that result; however, that’s not always the case. The fallout caused by inadequate Estate Plans of celebrities provides great lessons … [Read more...] about The Lessons from Lisa Marie
Having an estate plan in place is important for every adult without regard to age, wealth, or family status. To ensure that you get the most out of estate planning, you want to create a comprehensive estate plan. To help you do that, the Vero Beach estate planning attorneys at Kulas & Crawford help you determine if you missed any important areas in your estate plan. Incapacity … [Read more...] about Have You Missed an Important Area in Your Estate Plan?