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If your child has a disability, you may wish to consider creating a special needs trust as part of your estate plan. While not always necessary, there can be considerable advantages to doing so. Here are some reasons you may wish to create one. A special needs trust...
Month: November 2020
Comprehensive estate planning is crucial if you have foreign assets
If you’ve been putting off developing your estate plan because you own property or other assets in another country, you aren’t alone. Actually, the more complex your assets are, the more important it is to begin your estate planning while you’re still relatively young...
Using a trust protects your beneficiaries
When you have loved ones who have special needs, one of the things you may choose to do is to set up a special needs trust for their benefit. Whether you’re a sibling, grandparent or even someone unrelated to the person with a disability, you have a right to create a...
5 times when you should update your estate plan
An estate plan is a critical tool that every Florida adult should have. It provides protection, direction and closure for the person creating it and those affected by it. And while it is critical to create an estate plan, it can be equally important to review and...
Should you consider a revocable living trust?
There’s no one-size-fits-all approach to estate planning. The path you go down depends largely on your personal and financial circumstances, as well as what you hope to accomplish in the future. It makes sense for everyone to at least consider adding a revocable...
Thinking about disinheriting a child? Tread carefully
The standard estate plan leaves the deceased's assets to their spouse (if still alive) and the deceased's children. However, life is rarely as simple as this suggests. Parent-child relationships can be difficult. As much as we do not like to admit it, there are...