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Probate proceedings can be complex, especially when assets are located in multiple states. In Florida, ancillary probate may come into play when a decedent owned property or assets outside of the state. Understanding when an ancillary probate is needed and what...
If you have a loved one with special needs, planning for their long-term care and financial security is likely a top priority. A special needs trust can help you achieve that. This legal arrangement can provide peace of mind by ensuring that your loved one’s needs are...
When you die, you hope your executor will carry out your wishes as planned. However, sometimes, this does not occur due to errors or estate planning oversights that the deceased made during their lifetime. Learning about some of them reduces the chance you make the...
If you’re using a durable power of attorney as part of your estate plan, you are focusing on what would happen if you became incapacitated. For instance, you could suffer from a stroke that leaves you unable to communicate with family members and with your medical...
People sometimes make estate planning mistakes because they believe myths. They don’t know that these are myths at the time. They may just think that they’re getting good advice from friends or family members. These people could unintentionally be passing along...
A comprehensive estate plan should always include the designation of someone who will have power of attorney (POA) over your health care and finances if you become incapacitated and are unable to make decisions for yourself. You should also have an advance directive...
Part of making an estate plan is making regular updates throughout your life. It’s often believed that estate plans should be updated every three to five years. However, you may need to update your estate plans ahead of schedule because you were recently married or...
A living will is a legal document that specifies your health care preferences if you cannot communicate them yourself. This could happen after a sudden illness or an injury that makes it impossible to express your wishes for medical treatment. For instance, would you...
As the responsibilities of caring for aging parents become increasingly challenging, many adult children grapple with the decision of whether to enroll their loved ones in a nursing home. This pivotal choice demands careful consideration, balancing the needs of aging...
When making an estate plan, you may find yourself wondering how that inheritance is going to be used by the next generation. You may hope that the beneficiaries will use the money for things like starting a business, buying a family home or getting a college...