Probate is a process during which a court authenticates a will. It's at this point that an executor or personal representative of the estate is established and appointed, which is important to know if that role will some day become yours.
As an executor, there are many things that you need to do. The first is one that many people don't talk about, and it's called posting bond.
Whenever new laws come into practice, they can change your estate plans. A new retirement law will be affecting IRAs and estate plans in Florida, according to a Jan. 13 report.
The new act, the SECURE Act, was signed by the president in December and has made significant changes to employer-sponsored retirement plans and individual retirement plans. While most of the changes are for the better overall, there is one popular estate planning strategy that has been impacted.
Catastrophic injuries are devastating. They can cause life-long issues that patients deal with for as long as they live. They could have chronic pain, lasting disabilities or other problems to contend with.
While compensation isn't going to make a catastrophic injury go away, it can make life easier for those who have suffered. They may be able to get compensation for a variety of purposes such as:
When you are going through a high-asset divorce, you may feel that there is everything on the line. If you're not cautious, you might think that you could lose much more than you should.
Florida is known as an equitable distribution state, which makes it likely that your assets will be distributed fairly, but not necessarily equally. For example, if you're the only person who has worked in the last few years, but your spouse supported you through a university several years prior, you could find that their support is considered during your divorce. Current roles and your present-day actions aren't all that will affect your divorce.
The New Year is just around the corner, so this is a great time to start thinking about your estate plan. 2020 is going to be a year of many changes, with a presidential election and new laws from last year starting to be enacted.
In 2020, you can take steps to get a firmer grip on your finances and estate. One good thing to do is to start estate planning or to update your estate planning documents.
Parenting plans are an important part of any divorce with children. They are there to prevent kids from getting hurt and to make sure they're always with one of their parents or an approved guardian.
This holiday season, it's important to remember that sharing your time might be necessary. Whether it's Christmas Day, a birthday, New Year's Eve or another holiday, you and your ex-spouse are going to have to figure out how to share time with your child fairly.
If your homeowner's association (HOA) has a problem with something you've done on your property, you could be engaged in a heavy dispute. The good news is that there are ways for you to handle the dispute and to move on.
Winning a fight against your HOA isn't always easy, but with a few tips, you may have a better chance. Here are a few things to consider.
If you're leaving assets behind for your loved ones after you pass away, one thing you need to think about is what happens if a beneficiary passes away before they receive an inheritance. For example, if you pass away and your property has to go through probate, it could take many weeks or months to resolve how to distribute your assets.
If your beneficiary dies in that timeframe, then their death will affect the administration of your estate. The deceased party's estate can still claim the assets that were willed to them, but this also requires the probating of the beneficiary's estate.
You have a close-knit family, but you know that your marriage isn't what it used to be. You and your husband fight all the time, and although your parents and relatives don't really see it, you both feel miserable.
While you want to stay connected with the extended family that you've come to love, you know that you may lose that connection if you divorce. What should you do? That's your call, but you should keep in mind that putting some distance between yourself and your ex-spouse's family will likely need to happen during or following a divorce.
If you are considering putting together a living will, it's important that you understand what it is and how it works. A living will is a legally binding document that tells others your end-of-life preferences. It can tell people if you'd like medical technology to be used to help keep you alive or if you'd like to go without artificial life-support apparatuses.
Florida has a special law that allows individuals who are suffering from terminal illnesses to decide to forego death-delaying procedures if they have requested such in a living will. If you are suffering from a degenerative or progressive condition, you may want to include this in your living will as well.
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Brandon Office
213 Providence Road
Brandon,
FL
33511
Phone:
813-502-1097
Fax:
813-651-0710
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Lakeland Office
256 North Kentucky Avenue
Lakeland,
FL
33801
Phone:
863-236-9321
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