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...
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Types of powers of attorney
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...
What can you consider when choosing Power of Attorney?
Creating a power of attorney involves a variety of difficult decisions, which may cause you to procrastinate doing so. This is not unusual; Forbes reports that almost half of American seniors do not have any kind of estate planning in place, which may leave their...
What happens if you die without a will?
When you are young and healthy, drafting a will may not be at the top of your list of priorities. You would be remiss not to create one, however, as failing to do so may cause your loved ones unnecessary hardship. Per CNN Money, dying without a will, or dying...
Planning to avoid estate taxes
If asked, most people in Pompano Beach would likely say that the estate planning process simply involves detailing how they want their assets dispersed. Yet there is a whole other aspect that needs consideration: limiting an estate's liabilities. One works for...
Understanding living wills and advance directives
If you are like many people in Florida, when you think about making an estate plan, your mind initially goes to outlining your wishes for who will inherit what assets from your estate. Certainly, this is an important part of estate planning, but it is far from the...
How may an estate plan make the future less uncertain?
Many individuals believe estate planning is a matter of creating a will or trust. While often true, other aspects of a well-made estate plan may help protect both you and your family. Planning ahead could help make the future less uncertain. A comprehensive estate...
Remarriages, prenups and estate planning
Many people who get married for the second or third time may well be at a point in their lives when they have amassed a reasonable set of assets. They may also have grown children and potentially even grandchildren. These are just some of the factors that make it...
Does every estate go to probate?
Probate often gets a bad reputation, but in reality, it is not that horrible. In fact, it can be quite helpful when dispersing an estate. It can also ensure everything goes according to the law. However, not every estate will require probate. According to the Florida...
Addressing concerns over your estate plan
Estate planning is critical, especially for those who have a sizable estate and significant assets. With a solid estate plan set up, key questions related to the distribution of one's estate are answered and estate plans help families who are in the middle of...