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June 2016 Archives

What are some strategies to avoid probate in Florida?

Recently, Muhammad Ali passed away at the age of 74 after years of battling Parkinson's Disease. Many people in Florida and around the world revered Ali for his prowess in the boxing ring, as well as for his outspoken personality and fight for social justice outside the ring.

Tips for estate planning after marital changes

In today's society, it is not uncommon for marriages to end and for the ex-spouses to eventually remarry. But a remarriage can create estate planning issues which the remarrying spouse should promptly address. People in Polk County who are moving past a divorce and onto a new marriage may want to consider how they need to update their estate plan to avoid any family disputes down the road.

What are Florida's laws for living wills?

Some people in Winter Haven and Lakeland may have heard the term living will before. In a prior post, this blog briefly discussed some of the basic ideas of a living will. But, this estate planning tool has different nuances depending upon the state where the person lives. So what are Florida's laws that pertain to living wills?

Special needs trusts for disabled beneficiaries

Most parents in Polk County want to make sure that when they are gone from this world, their children will be able to carry on and thrive. For most families this means setting up an estate plan that passes the parent's assets down to their children. In some cases, however, this kind of planning might not be so simple.

What are the benefits of an inter vivos trust?

A common concern among Florida residents is their estate and how it will be handled before and after death. Certain strategies are used to make certain that the assets will be dealt with in the way the person wants. This includes an inter vivos trust, also known as a "living trust." This can be a revocable trust or an irrevocable trust. A trustee will manage it and it can be changed. Some choose to manage it themselves. The living trust is a tactic to avoid probate. The size of the estate often determines whether this is the best choice.

The saga over Prince's estate and assets carries on

Last week's post briefly discussed the death of megastar Prince Rogers Nelson, and how he did not have a will at the time of his death. Since his death on April 21, a number of people have claimed to be potential heirs to Prince's vast estate. The two latest people to claim lineage to Prince say that they are the children of his half-brother.