Spiro J. Verras Blog

Friday, August 3, 2018

Astronaut Buzz Aldrin Sues Family for Elder Exploitation

What types of elder abuse commonly occur in the U.S.?

Buzz Aldrin, the famed American astronaut who became the second man to walk on the moon, recently filed a claim in Florida against two family members and his former business manager alleging elder exploitation. Aldrin, who is now 88, seeks to retain control of his business Buzz Aldrin Enterprises and his not-for-profit organization, ShareSpace Foundation. The suit comes months after Aldrin’s family filed a request to be appointed as...

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Tuesday, July 17, 2018

Lessons From Anthony Bourdain’s Estate Plan

How can I gift my reward points or frequent flyer miles to my family after my death?

Fans across the world mourned the loss of chef and television star Anthony Bourdain this past June. Now, details as to Bourdain’s estate plan have emerged. Given his celebrity status, much national attention has centered on Bourdain’s assets and what steps he took to ensure the assets go to whom he desired.

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Friday, July 6, 2018

Estate Planning for the Spouses of Non-U.S. Citizens

What is the best way to transfer assets upon my death to my non-U.S. citizen spouse?

Today, at least one in five married households in America include one spouse who was born outside of the United States, according to Census Bureau data. For those spouses who are married to a non-U.S...

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Monday, June 25, 2018

Estate Planning for Blended Families

What special estate planning considerations exist for blended families?

Over half of all families in the United States are either remarried or re-coupled, according to U.S. Bureau of Census data. Across the nation, 1,300 stepfamilies are forming every day, and the number of remarriages is estimated to be rising every year. Blended families today commonly include children, stepchildren, former spouses, and in-laws.

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Tuesday, June 5, 2018

Who Should I Name As Trustee?

What factors should I look for when naming a trustee?

Selecting a trustee for your trust is one of the most important decisions you will make when you embark on your estate planning journey. Your named trustee will be responsible for transferring assets within the trust to the beneficiaries or continuing to manage your trust after your death. A trustee’s role can be complicated and may last for several years. Our

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Friday, May 18, 2018

Protecting Cryptocurrencies in Your Estate Plan

What will happen to my assets held in cryptocurrency if I die?

Cryptocurrencies have soared in popularity and value in recent years. Millions of investors now hold a portion of their assets in cryptocurrencies. While touted as the currency of the future, cryptocurrencies can prove hazardous if not accounted for in your estate plan.

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Thursday, May 10, 2018

Protecting Your Assets from Creditors with an Estate Plan

Can a trust shield my assets from creditors?

Estate planning serves many purposes, one of the most vital of which is to protect your assets from creditors’ claims. Estate planning aimed at shielding assets from creditors is often referred to as asset protection. Read more . . .

Tuesday, April 24, 2018

Previously Denied Veterans May Now Be Eligible for Benefits

What are the eligibility requirements for veteran’s benefits?

Our military members dedicate their lives to protecting our country. When military veterans return from service, they deserve to receive medical care and compensation for the injuries they suffered as a result of their service. Veterans who suffer a service related disability may be eligible to receive monthly disability benefits.
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Tuesday, April 17, 2018

Cutting a Relative Out of Your Will

How do I disinherit a child in Florida?

With a will, you generally have the power to leave your assets to whomever you desire. At times, a parent may elect to leave a child out of his or her will, or a spouse could attempt not to include his or her partner in the will. Disinheriting someone is a difficult decision sometimes dictated by pragmatic rather than revenge based motives.

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Friday, March 23, 2018

Exploring Long Term Care Insurance

What services will long term care insurance cover?

Today, approximately 46 million people in America are over the age of 65.  By the year 2060, that figure is estimated to double to 98 million people, with elderly individuals comprising 24 percent of the total population, according to the most recent Population Reference Bureau report. With each generation living longer than the last, it is imperative that you and your loved ones have a plan in place for your long term care costs.

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Wednesday, March 14, 2018

Estate Planning: Is My Will Enough?

You took the plunge and created a will.  Now you may find yourself asking, is your will sufficient to protect your assets and heirs after your death?  The answer varies depending on your finances, your familial situation, and your ultimate desires as to your legacy. Making a will is an important first step for many. While it will represent the end of the estate planning journey for some, others use their will as a launching point to create a more Read more . . .

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