It can be a shock for some Brevard County residents. They sit down their estate planning attorney to discuss passing on sizable assets and discover that taxes will take a big bite out of their estate.
What should a basic will include?
Even the poorest person who barely has any personal assets can benefit from drafting and signing a will -- or at the very least -- the individual's surviving close family members will benefit. If you've decided to complete your will, here are the various clauses a basic will should include.
Burt Reynolds left his son out of will – for good reasons
If you drive south of Cocoa along the coast for about two hours, you will arrive in Jupiter, Florida, a city known for its glamorous mix of residents that includes both sports and entertainment industry celebrities. The most well-known of the stars calling Jupiter home was Burt Reynolds, the popular actor who recently passed away.
Choose your best estate executor
The person who manages your estate after you're gone – your executor – plays the most important role when it comes to ensuring that your carefully planned estate is adhered to. For this reason, you'll want to be very careful when selecting who will fulfill this responsibility.
Should house be placed in a Florida living trust?
The father lives in Florida and his sons live in New Jersey. They recently wrote to a local paper to ask if their father should create a living trust in order to avoid probate when he passes and to ensure that his house passes to his offspring.
