When we think of our health and estate planning, we often concentrate on two big items: durable power of attorney and a living will, also referred to as a health care surrogate. While both of these documents are essential, we might also want to include a third type of...
Estate Planning
5 ways to start planning for your long-term care needs
The chances that you’ll need some sort of long-term care in your life is significant. In fact, some studies show that individuals aged 65 and older have a 70% chance of needing long-term care. Some of that care is home-based, while some of it involves a stay in a...
What is a living will and how do you create one?
A comprehensive estate plan can contain many components. You’ll have to address how your assets will be distributed upon your passing, for sure, but you’ll also need to think about what will happen to you in the event that you become unable to make important health...
When naming a health care surrogate, know their responsibilities
For many Floridians, an essential part of estate planning is being prepared if they become incapacitated. Having a trustworthy and competent person who will oversee their affairs, make decisions for them and look out for their best interests can eliminate a...
Can I get away with a do-it-yourself estate plan?
You may see advertisements online for do-it-yourself estate plans. They tout their services as a simple and frugal way to execute an estate plan. It is very tempting to take the shortcut of a do-it-yourself estate plan, rather than working with an attorney to execute...
Five reasons why you shouldn’t create an estate plan on your own
A quick Google or YouTube search can net you hundreds, perhaps even thousands, of results on how to create an estate plan. It can be tempting to turn to these online resources as a way to cut corners and save some money. But trying to create your own estate plan can...
Do you need to start planning for Medicaid?
A lot of estate planning focuses on how your assets are going to be distributed once you’re gone. In fact, you can use estate planning to ensure that your future interests are protected throughout your life, including obtaining much-needed medical and long-term care....
Estate planning is not just for your parents anymore
Millennials are edging out baby-boomers as the new “sandwich generation” who are raising a family while caring for an elderly loved one. And, as one study shows, millennials are increasingly opting to execute an estate plan. The study The study by the estate planning...
Avoiding probate costs for your estate plan in Florida
Many people in Florida agree that avoiding probate is wise because the process can be complicated, time-consuming and expensive. You should take steps to minimize the impact it could have on your loved ones. Here are four tips to help you avoid probate costs in your...
Three considerations when dealing with the family business
A lot of families out there own a small business. Spouses often work hard together to grow the business and increase its revenues. But when relationship woes threaten a marriage, the business may be at stake. If you’re headed for marriage dissolution, then you need to...
