Claiming Social Security Benefits As Part Of Your Estate Plan
Social Security benefits play a crucial role in estate planning in Florida, ensuring financial support for beneficiaries. As a federal program, Social Security provides retirement, disability, and survivor benefits, which can significantly impact the financial stability of an estate. In Florida, these benefits are designed to supplement other estate assets and...
Digital Estate Planning – Assigning Online Access To Accounts
Digital estate planning is a crucial aspect of modern estate planning that addresses the management and transfer of digital assets upon a person's death or incapacitation. Digital assets include many online accounts and digital files, such as social media profiles, emails, digital photos, online banking accounts, cryptocurrency, and more. In Florida,...
How To Properly Plan for Your Parents’ Long-Term Care Needs
It is inevitable that the time might come when, if your parents are still alive, you will need to start planning for their long-term care needs. If you are in Florida or elsewhere as well, it is helpful to be aware of certain steps you might want to take to ensure...
New Year, New Beginnings – Starting Your Estate Planning Journey
As we enter the New Year, now is a good time to start looking to ensure that your assets and loved ones are taken care of in the future. Estate planning allows you to dictate how your assets will be managed and distributed after your passing and will help to minimize legal...
Changes You Should Make To Your Estate Plan After Divorce
After a divorce in Florida, it is crucial to revisit and revise your estate plan to reflect your new circumstances. This process involves updating key documents such as your will, trust, power of attorney, and healthcare directives to ensure that they align with your current wishes and legal situation. In Florida, divorce...
Why The Holidays Could Be A Good Time To Discuss Estate Planning
The holidays provide a wonderful opportunity for many families to be together in one place. This is usually a joyful time, but can also be a beneficial time to discuss estate planning, as it often involves decisions that affect the entire family. The holidays can also signify a gathering in a...
New Parents—Why Now Is A Good Time to Create a Will
Everyone should have a will in place. For new parents, however, the importance of establishing a will becomes even more pronounced. Here, we will discuss several compelling reasons why now is an opportune time for new parents to create a will.
New Parents—Why Now Is A Good...What Steps Can I Take Now To Protect My Assets If I Need Assisted Living?
Planning for assisted living and taking steps to protect your assets is a prudent move that can provide financial security and peace of mind for both you and your loved ones. As you age and potentially face the need for assisted living, careful financial planning can help preserve your assets and ensure...
Is Guardianship the Right Choice for My Loved One with Special Needs?
Deciding whether guardianship is the right choice for a loved one with special needs is a complex and sensitive matter that requires careful consideration of various factors. Guardianship is a legal arrangement in which one person is appointed to make decisions on behalf of another who is deemed incapable of managing...
How do Inheritance Taxes Differ from Estate Taxes?
Inheritance taxes and estate taxes are two distinct methods of taxation that are confused due to their common objective of collecting revenue upon the transfer of wealth. While both forms of taxation are related to the transmission of assets from one generation to the next, they differ in significant ways, including...