Although you will likely execute a Last Will and Testament when you initially create an estate plan, you will likely incorporate additional estate planning tools and strategies into that plan as both your assets and your family grow. One of the most common additions to a comprehensive estate plan is a trust. The trust attorneys at Kulas Law Group discuss how a trust might fit into your estate … [Read more...] about Trust Attorneys Talk about How a Trust Might Fit into Your Estate Plan
For most people, a Last Will and Testament serves as the foundation for their initial estate plan. If you are just now getting around to creating and executing your first Will, you undoubtedly have a number of important decisions to make during the creation of that Will. Naturally, you will be focusing on the distribution of your estate assets and other provisions of your Will; however, there is … [Read more...] about Port St. Lucie Estate Planning Attorneys Explain the Importance of Choosing the Right Executor
The loss of a close family member is a time filled with heightened emotions that may include grief, sadness, anger, and even confusion. While all of these emotions are completely natural, and well-founded, you may also find suspicion among the emotions you are feeling after seeing the Last Will and Testament submitted to probate. If you have reason to believe that the Will submitted is not valid, … [Read more...] about Can Probate Attorneys Help Me Contest a Will?
In today’s electronic age your computer or smartphone can be used to accomplish a wide range of tasks. While technological advances are exciting and often make our lives much easier, it is important to also be aware of the possible downside to those advances as well. Such was the case recently with electronic Will legislation proposed in the State of Florida that would have allowed Last Wills and … [Read more...] about Florida Governor Vetoed Electronic Will Legislation
If you’ve been designated to serve as the trustee for a living trust, it’s important to understand exactly what that job entails. After all, when the trust grantor passes away, it will fall to you to properly administer the trust to ensure that it objectives are met. In many instances, however, people agree to take on that trustee role without ever really knowing what they’re being asked to do. … [Read more...] about Seven Steps to Trust Administration
When most people think about creating an estate plan for the first time, they envision executing a Last Will and Testament to serve as the foundation for their plan. A Will certainly can – and often does – serve as the foundation for a comprehensive estate plan; however, it is not the only option. A trust can also function as the cornerstone of your estate plan. When it comes to Wills vs. trusts … [Read more...] about Wills vs. Trusts — How Do I Know Which Is Right For My Estate Plan?
Estate planning can be a complex process for many individuals and families, and many struggle with unusual challenges that prove difficult to resolve. Often, simple estate planning tools like a Last Will and Testament are insufficient to meet those challenges, and that’s when many people turn to living trusts to meet their needs. In most cases, those individuals tend to focus on revocable trusts … [Read more...] about Could an Irrevocable Trust Solve Your Estate Planning Problems?
One of the most difficult challenges any of us face is the need to properly plan for the distribution of our assets when we die. End-of-life and estate planning concerns often tend to go unaddressed by most people, since they usually involve subjects that most of us would rather avoid. The problem is that those subjects cannot easily be ignored, since either we or our heirs will eventually have to … [Read more...] about Can Florida Trust Law Help Enhance Your Estate Plan?
Many people begin their estate planning efforts with just a handful of goals in mind. These typically include things like avoiding probate and ensuring that assets get properly distributed to their heirs. Some take it a step further and look for ways to mitigate tax obligations or take care of certain heirs that need more structured inheritances. To truly make the most of your comprehensive estate … [Read more...] about Why the Asset Protection Trust Should Be Part of Your Estate Planning Strategy
The Last Will and Testament is a powerful tool for expressing a person’s last wishes. With it, a decedent can declare who gets his assets, name a guardian for his children, and even provide directions about how he’d like them to be raised. One of the most important powers that a will provides, however, is the power to name an executor to oversee the settling of his estate. If you’ve been named as … [Read more...] about Serving as the Executor of a Will: Get the Facts About Your Duties