The Benefits Of Charitable Estate Planning Research shows that giving to charity makes people happier, and many give back whenever possible. One method for giving to charity that is often overlooked is to incorporate charities into your estate plan. Naming a charity as a beneficiary for some of the assets in your estate plan can offer […]
Estate Planning For Doctors Estate planning is essential for everyone for many reasons, including financial, legal, and personal purposes. A sound estate plan takes careful consideration and is an ongoing process. Estate planning can be particularly tricky to navigate for doctors because their profession often leaves them vulnerable to lawsuits and litigation. The medical field can […]
Common Disputes That Lead To Estate Litigation The last thing anyone wants is for their family and other loved ones to fight over their estate plan or their assets after death. Creating a carefully detailed estate plan supported with valid legal documents allows you to pass on your wealth and legacy and helps to prevent family […]
Taxes And Estate Planning Estate planning reflects and connects many areas of an individual’s life, both financial and personal. Tax matters should be a key consideration during the estate planning process. Certain estate planning strategies can help estate owners minimize their tax burdens and ensure that more of their assets are passed on to beneficiaries. […]
The Dos And Don’ts Of Estate Partition Actions One of the benefits of owning property as joint tenants with the right of survivorship is that you have an undivided interest in the property. This generally means that none of the owners can sell their part of the property or encumber it without the others’ permission. However, […]
Gun Trust For Your Firearm Planning Guns form part of many people’s estates in Texas and Florida. Guns can be property of significant value, or they may hold a sentimental attachment for some owners and their loved ones. However, there are many laws surrounding the transfer of gun ownership. Therefore, it is important to […]
Things To Consider When Writing A WillA Last Will and Testament is one of the most important ways an individual can protect their loved ones and their legacy. However, not everyone is aware of all the elements that should be considered in the preparation of a this document, also known as a Will. An estate […]
How Life Insurance Payouts Work: Everything You Need To Know Life insurance is designed to provide funds to loved ones when someone passes away. The funds can be used for virtually any purpose, but they are often used to address funeral and burial expenses and to replace the deceased person’s income in the household budget. However, […]
Understanding The Role Of A Trustee In Estate Planning A trustee is someone who is entrusted with the maintenance and care of certain assets. They have specific required responsibilities, and they have rights related to property that they often do not outright own. They have a unique relationship to the two other stakeholders in every trust—the […]
How To Obtain Power Of Attorney According to The Florida Bar Association, a power of attorney is a legal document that grants one person the authority to make decisions and transact business on another’s behalf. The person who cedes the power of attorney is known as the “principal” and grants the other person, known as the […]