Losing a loved one is one of the most difficult things that anyone has to go through. Aside from having to heal emotionally, families must also deal with distributing the assets of the person who has passed away (the “Decedent”). If the Decedent did not create a proper estate plan, the assets will become part of the Decedent’s estate, and a court will need to become involved to distribute the Decedent’s assets to the Decedent’s beneficiaries, i.e. probate. This article discusses how the Florida probate process works for testate and intestate estates. Continue reading
We live in a litigious society where anyone’s assets are at risk. Doctors, lawyers, accountants and other professionals face the risk of having to defend themselves against potential malpractice claims. Defamation claims are on the rise now that people are freely posting statements on the internet. Corporate officers and directors also face the risk of being held personally liable for poor decisions that cause a company to have losses. This being said, there are several asset protection strategies that you should consider. In doing so, it is important to speak to your attorney, accountant, and/or financial advisor to ensure that these strategies compliment your long-term objectives. It is also important not to use these strategies in an effort to defraud a creditor. Continue reading
There are several documents that should be considered for every estate plan. These estate planning documents are a will, living will, health care surrogate, durable power of attorney, and a pre-need guardian designation. Each are described in more detail below.
Creating a will is one of the most important things you can do to make sure that your final wishes are accomplished. Florida has several requirements that must be met in order to have a valid will. Continue reading