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After you create your estate plan, you should not just sit on the finished plan. Your plan should constantly reflect your most current life circumstances. This means you should review it somewhat frequently and update it when necessary. But how do you know when to...
There are many reasons why people set up a trust. They want to keep control over their assets, or they do not wish to send an inheritance to their children through probate. There is another reason to consider a trust. You may want to draw as little attention as...
Part of estate planning involves preparing for situations where you may not be able to make your own financial decisions. An illness, an auto accident or the onset of dementia may impair your competency, which can lead to someone else taking over your finances....
A common belief is that estate planning is for people who are in the twilight of their lives. However, it is important to have some provisions in place in case the unexpected and tragic occurs, no matter how young or old you are. It is true that if you are on the...
As you immerse yourself in the estate planning process in Florida, one important element to consider is preparing for the potential of taxes. Most people come to us here at the Law Office of Cheryl Bucker, P.A. assuming that both the local and federal government will...
You may have finished writing down everything that you want your heirs to inherit in your will, but you have not wrapped up your will until you name someone to be your executor. Your executor will have the task of closing out your estate and making sure your heirs...
Almost everyone has social media accounts these days. You may think that after your death, your family can close the account and announce your death to your followers. However, this is not always possible. Forbes explains that if you want someone to handle your...
The probate process serves a basic but needed purpose. The court authenticates your will and legally transfers ownership of your assets to your intended beneficiaries after you die. Your executor typically presents your will to the probate court upon your death....
One of the most important reasons for parents to create an estate plan when they have minor children is to provide directions on what should happen with the guardianship of their children in the event they die. FindLaw explains that what happens to children when a...
A power of attorney enables a third party to manage some element of another party's life while they are still living. There are multiple forms of powers of attorney and understanding them is important for anyone creating an estate plan. Some powers of attorney may...
