It is an all-too-common misconception that a trust is a sophisticated legal instrument reserved exclusively for only the wealthy. The reality, however, is that trusts are one of the most commonly used estate planning arrangements with a proven track record for being a highly reliable method of ensuring an individual’s final wishes are implemented correctly.
Regardless of age, amount of assets, or […]
When is the “right” time to put together your estate plan? While there is a common perception that preparing an estate plan is something you do when you start to approach the age of retirement, the reality is that there are plenty of important reasons to put a plan in place while you are in your 20s or 30s.
If you have recently lost a loved one, we offer our deepest condolences. Regardless of the circumstances, dealing with the death of a family member is a trying time. And no matter how many clients we represent, it never gets easier to witness someone grieving a tragic loss.
If your loved one named you as their trustee or personal representative, you […]
Florida also has a new equitable distribution statute that went into effect July 1. Even if you own your own house and you marry, your new spouse is entitled to the pay down in your mortgage during the marriage even if you paid it from only your income. And, if the house appreciated they statute gives them an entitlement to that appreciation.
Having already been through a […]
Since the Information Age dawned around 1990, a new type of asset gradually moved to the forefront of legal discourse: the digital asset. What began with online diaries has now grown to include entre businesses with no offline presence as well as Bitcoin accounts worth millions of dollars. Traditional Florida probate law was simply not set up with digital assets in mind.
In response to this […]