Estate Planning for Non-Traditional Families and Unmarried Partners
Estate planning is essential for everyone, but for non-traditional families and unmarried partners, it can be absolutely critical. Without the legal protections that marriage automatically provides, individuals in these relationships must take deliberate steps to ensure their loved ones are included in important decisions and inheritances.
Whether you’re in...
Estate Planning for Family Cabins and Vacation Properties
For many families, a cabin in the woods, a beachfront condo, or a lakefront retreat isn’t just real estate—it’s a place of cherished memories, family traditions, and emotional value. But as generations pass, the question becomes: How do we keep the vacation property in the family without conflict?
Without...
What Are the Differences Between an Executor, Personal Representative, Trustee, Agent / Power of Attorney, Health Care Surrogate, and Guardian?
When my clients and I discuss their estate planning documents and advance directives (Wills, Trusts, Durable Powers of Attorney, Living Wills & Designations of Health Care Surrogates, and Nominations of Guardians for Incapacity and for Minor Children), I explore their wishes about who will be responsible for various roles in their estate...
What Are the Steps in the Estate Planning Process?
Estate planning is a crucial process that ensures your assets are distributed according to your wishes, protects your loved ones, and minimizes legal complications after your passing. While it may seem complex, a well-structured estate plan provides peace of mind and financial security for your family. At Verras Law, P.A., we...
The Role of Life Insurance in Estate Planning
Estate planning is about more than just drafting a will—it’s about securing your family’s financial future and ensuring your assets are distributed according to your wishes. Life insurance plays a crucial role in estate planning, offering financial security, covering estate taxes, and providing liquidity to heirs. At Verras Law, P.A., we...
How to Choose the Right Executor for Your Florida Estate
Choosing the right executor for your estate is one of the most important decisions in estate planning. The executor, known as a personal representative in Florida, is responsible for managing your estate, paying debts, and distributing assets according to your wishes. Selecting the right person ensures a smooth probate process and minimizes...
Understanding Florida’s Homestead Laws in Estate Planning
Florida’s homestead laws are among the most unique and protective in the nation, offering significant benefits to homeowners. These laws provide powerful safeguards for primary residences, especially in the context of estate planning. If you live in Palm Harbor, Tampa, or St. Petersburg, understanding how Florida’s homestead laws interact with estate planning...
Preserving Your Legacy When You Have No Heirs
Individuals who have no heirs may be tempted to forgo creating an estate plan, thinking that it doesn’t matter who takes their property after death. However, failing to dictate who inherits from you merely allows the state to decide on your behalf. Individuals who you had never intended to acquire your assets...
Year-End Estate Plan Review Checklist
As 2024 winds down, it’s important to review and consider making revisions to your estate plan. Most people believe that once estate plans are created, they never have to look at them again. But a great deal of life can happen in a year, and you are probably in a different place...
When to Consider a Revocable vs. Irrevocable Trust
Trusts are key components of a comprehensive estate plan that offer a number of potential benefits. Two of the most common types of trusts used in estate planning are revocable and irrevocable trusts. There are advantages and disadvantages to both, and deciding which one is right for your unique plan will require...