For the average person, a Last Will and Testament is the first estate planning document they create. If you are planning to execute a Will for the first time, you should spend some time thinking about what terms you want to include in your Will. To help you, the Vero Beach estate planning attorneys at Kulas Law Group offer some common questions you may wish to consider when creating your … [Read more...] about Questions to Consider When Creating Your Will
The terms of your Last Will and Testament are usually highly personal and sensitive because it is in your Will that you typically distribute many of your estate assets. As such, you may not want the details of your Will to become public knowledge – even after you are gone. Toward that end, a Vero Beach estate planning attorney at Kulas Law Group explains whether the details of your Will remain … [Read more...] about Can I Keep the Terms of My Will Private?
If you are a beneficiary of a trust, it means that you have an interest in the assets held by the trust. It also means that the Trustee is required to communicate with you about trust business from time to time. As part of that obligation, the Trustee may send you a “Crummey Notice.” The Port St. Lucie trust lawyers at Kulas Law Group explain what a Crummey Notice is and what you should do if you … [Read more...] about What Should I Do If I Receive a Crummey Notice?
Trusts are a common addition to a well-rounded estate plan, due in large part to the fact that a trust can help accomplish a wide range of estate planning goals. If you plan to include a trust in your estate plan, you may be wondering if that trust can be contested like a Will can. To help answer that question, a Vero Beach trust attorney at Kulas Law Group discusses whether you can contest a … [Read more...] about Can a Trust Be Contested?
Tax avoidance should be one of the most important components of an estate plan for anyone with a moderate to large estate given that all estates are subject to federal gift and estate taxation upon the death of the taxpayer. Your estate will go through the legal process known as probate shortly after your death. During the probate process, your estate assets will be inventoried and valued. If the … [Read more...] about Is a Grantor Retained Income Trust Right for You?
Surprises following the death of a loved one are not typically welcome – particularly if the surprise relates to the decedent’s Last Will and Testament. For example, if the decedent attempted to make a deathbed Will just prior to his/her death, is that Will legal? A Port St. Lucie probate attorney at Kulas Law Group discusses whether a deathbed Will is valid in Florida. Is a Deathbed Will Exactly … [Read more...] about Is a Deathbed Will Valid in Florida?
When you initially sit down to create an estate plan, a Last Will and Testament may be all you need to ensure that you don’t leave behind an intestate estate in the event of your death. A Will can distribute your entire estate; however, as your estate and your family both expand, you may find that a Will is no longer sufficient to meet all your estate planning needs. At that point, you may decide … [Read more...] about What Is a Family Wealth Trust?
Grandparents have the best of all worlds. They get to enjoy spending time with their grandchildren without all the responsibilities of caring for them day to day. If you are a grandparent, however, you may choose to contribute financially to your grandchildren’s care while you are alive. You may also want to make gifts to your grandchildren in your estate plan. The Vero Beach living trusts … [Read more...] about Why You Might Want to Use a Living Trust to Make Gifts to Your Grandchildren
For most people, a Last Will and Testament serves as their entire initial estate plan. Over time, however, the need for a more comprehensive plan arises as assets increase in value and the need to protect a family becomes important. At that point, additional estate planning tools are usually incorporated into an estate plan. One of the most common of those tools is a trust, due in large part to … [Read more...] about Steps Involved in Creating a Trust
Creating a successful, and comprehensive, estate plan requires you to do more than simply focus on to whom you wish to gift your estate assets. You will also need to consider how and when those assets are distributed. For many people, avoiding probate is also an important estate planning goal. If you hope to steer clear of probate, the living trust attorneys explain how a trust can help your … [Read more...] about Vero Beach Living Trust Attorneys Steer Clear of Probate