How to Choose the Right Executor for Your Florida Estate
Choosing a personal representative, often called an executor, means selecting someone to carry out your estate’s legal and practical responsibilities. That person gathers and manages probate property, addresses valid claims and taxes, and distributes property under the will and applicable law. Verras Law can help you...
Understanding Florida’s Homestead Laws in Estate Planning
Your home may be your largest asset, but its place in an estate plan is also personal. Florida’s homestead rules can protect a qualifying residence and provide rights for family members. The rules involve three related but distinct subjects: creditor protection, restrictions on inheritance, and property-tax benefits. Each...
Preserving Your Legacy When You Have No Heirs
You do not need children or close relatives to have a meaningful estate plan. Friends, charities and causes may be important parts...
Year-End Estate Plan Review Checklist
The end of the year is a useful time to check whether your estate plan still reflects your life. A new family member, a move, a change in health or an updated account may call for attention. A focused review can help you decide what needs...
When to Consider a Revocable or 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...
Estate Planning for Snowbirds and Part-Time Florida Residents
“Snowbirds” are people who spend the warmer months of the year in cooler northern climates, and then migrate south to escape the cold of winter. Many of these individuals are part-time Florida residents. But like anyone else who lives in our state, part-time or otherwise, they need...
Is Intellectual Property Part Of An Estate Plan?
An estate plan should account for the property you own and the rights that may continue after your death. Alongside real estate, financial accounts and personal belongings, those rights may include intellectual property. For an author, artist, inventor or business owner, a thoughtful plan can help preserve...
What Happens if You Write the Wrong Date On an Estate Planning Document?
Writing the wrong year or date is an easy mistake to make. In an estate-planning document, the consequences depend on the...
Who Gets The Family Pet? Pet Trusts In Estate Plans
Pets are part of the family, and planning for their care can be an important part of your estate plan. A Florida pet trust can set aside resources, identify responsible people and provide instructions for an animal’s needs if you die or become unable to provide care...
How To Manage Inheritances Without Conflict In A Blended Family
In a blended family, a thoughtful estate plan can help you provide for a spouse, children and other people you love while making your intentions clearer. Their needs may differ, and family harmony cannot be guaranteed. The useful starting point is an honest review of your...