J. Kelly Kennedy, Attorney/CPA, PLLC

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February 2014 Archives

The difference between trusts and wills

Many Florida residents have likely considered estate planning but may be confused as to the specific components involved in an estate plan. They may have a vague idea of what a will is, but they may not know its specific purpose or how it is supposed to be laid out. Oftentimes, when someone is taught how exactly an estate plan works and what purposes the various components serve, they come to realize the importance of estate planning and are less intimidated by the process.

Save money and protect vital interests with a living will

While many Florida residents may be swept up in the politics surrounding the Affordable Care Act, there are actions independent of anything involving health care reform that individuals can focus on to decrease health care costs in their lives. One way to do this is to complete a medical power of attorney and a living will. Not only can these documents help to potentially lower health care costs, they also have the potential to improve the quality of life for those who are dying.

What can be learned from Paul Walker's estate?

The untimely death of a young celebrity is undeniably tragic. Not only is it tragic, it also serves as a reminder of the mortality all humans share. Accidents can happen to anyone and in most cases, they are entirely unexpected. This is why, no matter how old a person is, it is always prudent to plan for the future and be prepared for the unexpected.

Estate plans are important for everyone, including children

Many Florida residents unfamiliar with estate planning probably think it is reserved for the elderly or the wealthy. Both of these are untrue. In fact, estate planning is important for anyone who has the chance of getting sick or dying, which includes every person on the planet -- even children.