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November 2018 Archives

Plan now for end-of-life care to make your wishes known

While many aspects of estate planning don't go into effect until the creator passes away, there are a few parts that will come into the picture before the person dies. In Florida, you can set an advance directive, which includes a health care surrogate and a living will. These provide for your health care if you are unable to make decisions for yourself.

Planning ahead helps you avoid legal, tax problems

Your homestead, your 401(k), the cash in your bank account, your life insurance policy and your closely held business interests. They are all assets you have worked long and hard to acquire, but each should be considered separately when you are sitting down to figure out how to distribute your assets in an estate plan.

Estate planning can begin with a conversation with a loved one

Though Thanksgiving is in the rear-view window, we still have much to be thankful for, including children, loving spouses, good jobs, comfortable homes, wonderful weather here in Brevard County and so on. One of the things that people are grateful for at this time of year is the opportunity they have to share their wealth with their loved ones.

Should new Brevard County residents update out-of-state estate plans?

Many Brevard County people are originally from Minnesota, Ohio, New York, Michigan and other snow-covered places. Now that you're in the Sunshine State, do you have to get all of your estate planning documents from those other places converted to Florida documents?

Most people don't update their estate plans. You need to.

You started thinking about estate planning as your kids got older. Maybe you even had your first grandchild. Suddenly, the reality of passing on your estate really hit you. You sat down and made an estate plan to distribute your assets in accordance with your wishes. You also noted what type of medical care you'd like to receive and you set up a special education trust for your grandchild.

Part II: James Brown's Estate Isn't Settled 12 Years After Death

Regular readers of our Brevard County legal blog will undoubtedly recall that in a previous post we shared information about the Godfather of Soul. Twelve years after James Brown's death, his estate is yet to be settled, Forbes reports.

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