President Trump recently announced a change in his life that many people of a certain age and certain level of wealth make: he said he has moved his permanent residence to Florida.
Here are 4 things you may want to include in your will
If you think it's time to sit down and draw up a will, then it's also time to talk about what you should include in your will. A good will has many pieces of information, such as a list of your assets and bank accounts, guardianship assignments for minors and documents that your loved ones may need.
Complexities and complications of Florida probate administration
Regular readers of our Brevard County legal blog know that we often write about the court-supervised process that identifies, gathers and distributes assets after a person’s death. Florida probate does more than that, however.
Don't make missteps in your estate planning process
Your estate plan is a comprehensive set of instructions about what you want to do with your assets when you pass away. The plan is subject to compliance with applicable laws, so you must ensure that yours is fully enforceable so that your loved ones can count on it when they need it.
One of many reasons why billionaires like Florida
Many of our regular Brevard County legal blog readers know that Florida does not have an estate tax. For some residents (especially those who have significant assets), that tax’s absence is one of the reasons they moved to the Sunshine State, or why they never moved away.
Is your will overdue for an overhaul?
As we move through life, we all encounter events that have far-reaching impacts we may not see at first. If we do not pay attention to significant life events when they occur, this may cause complications later on, for ourselves and for others. One of the best ways to prepare for the unexpected is through creating a will and an estate plan and keeping these documents updated as we pass through major life changes.
