Undue Influence in Estate Planning
What Circumstances Could Give Rise to a Claim of Undue Influence?An estate plan is intended to represent the last wishes and desires of its creator. With an estate plan, you can direct whom you want to receive your hard-earned assets, name a guardian for any minor children, and address your own healthcare needs. Sadly,...
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What Are the Duties of a Guardian?
A guardianship is a legal relationship established between the guardian and the ward. When a person is deemed to be legally incapacitated, the court will establish a guardianship where the ward is the incapacitated individual and the guardian becomes a surrogate decision-maker, acting on behalf of the ward and appointed by the court. A...
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Funding Your Trust
What does it mean to fund your trust?Revocable living trusts have become a preferred estate planning tool for Americans across the country. Trusts offer many advantages over wills, allowing the trust creator’s assets to pass to their named beneficiaries without the need for probate. Trusts can save your loved ones in tax implications, time,...
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Review Your Estate Plan Every Few Years
Finally having an established estate plan can be a big relief. It is so often something on a person’s to-do list that keeps being put off. When you have an estate plan in place, it can feel like a weight has been lifted from your shoulders. You know that your wishes have been memorialized...
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Protecting Your Assets from Nursing Home Expenses
Will my assets be seized to cover the costs of my nursing home care?
The American population is aging and currently over 10 million Americans need long-term care services. More than 70 percent of all people over the age of 65 need to anticipate requiring long-term care at some point during their lives, which...
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Creating an IRA Trust
What are the benefits of placing your retirement assets into a revocable trust?
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Working Americans may contribute significant assets to their individual retirement accounts over their lifetime. With so much wealth becoming concentrated in IRA accounts, it is worth considering placing your IRA funds within a trust. An IRA trust is a revocable living trust...
Responsibilities of an Executor
In all of the decisions that come in the estate planning process, you may wish to breeze through things like selecting who will be the executor of your estate. However, this is an important choice that merits some time and consideration. The executor is charged with overseeing the entire estate during the probate process....
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Tampa Estate Planning Attorney
You may, like many others, have a family member or loved one that has special needs due to a physical or mental disability. You may also wish to leave him or her an inheritance or provide them with monetary assistant and want to make a provision for that during the estate planning process. The...
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Do I Need a Trust?
One of the first questions that those setting off on the estate planning process will often ask their attorney is: “Do I need a trust?” While most of us recognize the need for a Last Will and Testament, much confusion swirls around the concept of trusts and when they are needed. Trusts accomplish many...
Creating an Education Trust
What are the benefits to leaving money for my child in an education trust?
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The costs of a college education are ever rising. According to the College Board, the average cost of tuition for the 2017-18 school year was $34,740 at private colleges across the...