Uncategorized
Estate Planning with Foreign PropertyAugust 31, 2017 • Uncategorized
Estate planning can be confusing, even for those who consider themselves financially savvy. Most people have unique considerations when it comes to planning for the future of their families, but those who own property outside of the United States face special challenges. Foreign property depends on several factors, including where the property is located, the… read more
How to Prevent Financial Elder AbuseAugust 2, 2017 • Uncategorized
At some point in time, many of us will have to make the difficult decision to place our elderly loved ones in an assisted living facility or nursing home for their health benefit. While these locations may be the best option for them health-wise, they could also lead to emotional or psychological abuse by employees…. read more
Which Laws Protect Investors from Excessive Risks in Florida?August 2, 2017 • Uncategorized
Every investment is a risk on some level, although Florida has many procedures in place to ensure that your broker behaves ethically in making investment decisions. Most financial investments are managed by either professional investment companies, individual financial advisors, or trustees. Trustees and fiduciaries in Florida are held to a high standard of care, and… read more
What You Need to Know About Leaving Someone Out of Your WillAugust 2, 2017 • Uncategorized
Florida has very few requirements in drafting a will. The testator (drafter of the will) needs to: Be over the age of 18 (or an emancipated minor); and Be of sound mind at the time of the will. The will must be written, signed by the testator (or acknowledged), and witnessed by two individuals. Aside… read more
What Happens if There is a Rivalry Between the Beneficiaries of a Will?June 26, 2017 • Uncategorized
When you plan for the distribution of your assets after your death, you have generally thought long and hard about how to put those assets to the best uses to benefit the people and causes that you love. In many families, the assets of the estates are either left to the surviving spouse or split… read more
Will vs. Trust: Which is Right for You?June 26, 2017 • Uncategorized
If you’ve decided that the time has come—and it’s never too soon—to make a plan for the distribution of your estate, you probably have many questions. One of the most common ones is whether you should use a will (Last Will and Testament) to indicate your desires for the distribution of the wealth you’ve accumulated,… read more
Do I Need and Estate Plan if I am Single?June 26, 2017 • Uncategorized
Unless you really don’t care what happens to the assets you have worked so hard to accumulate and want to leave the disposition of your assets to the state, you should absolutely have an estate plan! If you don’t decide how you want your estate distributed, the Florida laws of intestacy (dying without a will)… read more
What Happens When a Trustee Makes Unethical DecisionsMay 22, 2017 • Uncategorized
Trustees are given the responsibility to manage a trust according to the wishes of the deceased. This involves record keeping, safe-guarding and ensuring all beneficiaries receive their owed entitlements. Reasonable care and judgment must be used to manage the trust to prevent a breach of fiduciary duty. If a breach of duty occurs, beneficiaries can… read more
Estate Planning 101: Effective Strategies for Entrusting Your AssetsMay 22, 2017 • Uncategorized
Most people want to experience the joys of living and do not want to think about what will happen after they die. The fact of the matter is, eventually it will happen to everyone and there is no way to know exactly when. If your affairs are not in order upon your death, your assets… read more
The Rights and Responsibilities of a Will BeneficiaryMay 22, 2017 • Uncategorized
If you are entrusted with an inheritance after the death of a loved one, you become a beneficiary. In the role of beneficiary, you are awarded certain rights and responsibilities for receiving and managing the assets, be they cash, personal property or investments. The executor must reveal certain information to you regarding the stipulations of… read more