Category Archives: Tampa Estate Planning Lawyer
What Are The Differences Between A Revocable And Irrevocable Trust?
One of the best ways to provide for your loved ones after your passing is through the establishment of a trust. However, there are two main types of trusts, revocable and irrevocable, that each have its own set of benefits and drawbacks. The type of trust that is established can have a substantial impact… Read More »
What Is A Florida Qualified Income Trust?
Irene is worried about the cost of long-term care facilities but also is not sure if she qualifies for a Medicaid waiver. She is afraid to move money around for fear of drawing attention or making herself inadvertently ineligible for state assistance. She would prefer to not sell her home just to cover assisted… Read More »
Managing Digital Assets In Your Estate Plan
You have drafted and updated a will, filled out your healthcare proxy and power of attorney forms, formed an irrevocable trust and charitable trust and are ready to relax and enjoy retirement. Sure, you have a few online accounts and some intellectual property, but as long as you make some provisions in your will,… Read More »
Creating A Dynasty Trust In Florida
Many people entering retirement are prepared for the living expenses of everyday life, but few have considered how to protect the lives of their most vulnerable family members, like great-grandchildren. If a great-grandparent indicates that a young descendant should receive a portion of their estate in their will, is this a guarantee that it… Read More »
Understanding the Relationship Between Guardianship and Incapacity Proceedings in Florida
If an adult is no longer able to manage their own legal, financial, or medical affairs, a guardianship can help protect their interests and overall well-being. As explained by the Florida Courts, an adult guardianship will only be put into place when no less restrictive alternatives will work. Under Florida law, a person must… Read More »
How Does Florida’s Homestead Exemption Impact Estate Planning
In Florida, individuals and families may be entitled to a ‘homestead exemption’ that will reduce the total cost of their property taxes and protect them from certain creditor claims. As explained by the Florida Department of Revenue, a portion of the value of your primary residence is automatically exempt from state property taxes. While… Read More »
Florida Estate Planning: Will My Children Inherit My Debt?
Finances are one of the primary worries of the majority of families in Florida. Indeed, debt is one of the leading causes of stress among adults in the United States. As a parent who is thinking about estate planning in Florida, you may be wondering: Will my child inherit my debt when I pass… Read More »
Revocable Living Trusts: Frequently Asked Questions (FAQ)
A revocable living trust is one of the most popular and effective estate planning tools. Though, there are plenty of myths and misconceptions regarding exactly how these trusts work. Below, our Tampa, FL trust planning lawyers answer five of the most frequently asked questions regarding revocable living trusts. What is a Revocable Living Trust?… Read More »
What are the Advantages of Avoiding Probate in Florida?
Probate is a court-supervised legal process that involves identifying and gathering the assets and debts of a deceased person for the purposes of settling their estate. In Florida, a will must go through probate. When possible, many people look for opportunities to avoid probate. Of course, this raises an important question: Why? What are… Read More »
