When creating an estate plan, you'll spend a lot of time thinking about what will happen to your assets upon your death.While not required by law, you may want to implement a plan for ensuring that your estate avoids the probate process. This can save your loved ones...
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What should you include in your Florida last will?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Aug 23, 2019 | Firm News
Putting off the creation of a last will or estate plan can make things much more difficult for your family, particularly if something happens to you before you take the time to create one. If you have already created a will or have decided it is time to do so, it's...
Florida law prevents you from disinheriting your spouse
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Aug 12, 2019 | Firm News
After being married for years or even decades, some couples grow apart instead of growing together. There are many issues that can deteriorate the spousal relationship, ranging from infidelity to substance abuse or just a change in personality. If one spouse becomes...
Wills and beneficiary designations are critical in an estate plan
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Aug 6, 2019 | Firm News
All adults need to have an estate plan in place, however many think that they don't have enough assets or they are too young. Because you never know when something will happen, it is best to be prepared so that your family isn't left wondering what to do should the...
Tips for talking about estate planning with your parents
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jul 24, 2019 | Firm News
As your parents age, you may begin to worry about their well-being and what will happen when they pass on. It's never easy to deal with these thoughts, but taking action is the responsible thing to do.Talking about estate planning with your parents is easier said than...
Do you need to update your will?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jul 10, 2019 | Firm News
Creating a will is one of the most important steps you can take in your adult life, offering your loved ones and beneficiaries clear understanding of your wishes for your property and your legacy. Once you create your will, you may feel some relief, but it is...
The many benefits of a living trust: Should you take advantage?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jun 25, 2019 | Firm News
Creating a living trust is a personal decision based on your beliefs, finances and what you want to happen to your assets upon your death. While this isn't the only estate planning tool you'll use, it's one of the most popular.Before you decide in favor or against a...
Spendthrift trusts: Whom do they benefit?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jun 11, 2019 | Firm News
Some Florida residents with adult children struggle with making estate-planning decisions. For them, it's more than deciding who gets the antique gun collection and the life insurance benefits.They worry that the legacy they leave their adult children could wind up...
Your incentive trust must address things beyond the incentives
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | May 26, 2019 | Firm News
With an incentive trust, you essentially put a carrot out there to try to entice your heirs to live the way you prefer. You want to give them incentives to accomplish worthwhile goals. You reward them with their inheritance the same way you reward children for doing...
What happens during probate?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | May 16, 2019 | Firm News
In a perfect world, you’d know exactly what you’re getting into when the probate process begins. However, there is no such thing as a “typical” probate process. There are times when everything goes as planned, as well as times when one complication after the next...
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