J. Kelly Kennedy, Attorney/CPA, PLLC

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Estate Planning Archives

We help Polk County residents with their estate plans

In the minds of many Polk County, Florida, residents, the topic of estate planning brings to mind the task of distributing assets after one's death. This is indeed a very important part of estate planning, but it is not the only part.

End of the year estate planning

With the Thanksgiving holiday here, the end of the year is just around the corner. Besides shopping for holiday gifts, there are other end of the year activities a person in Lakeland may want to accomplish. The end of the year is a good time to revisit an estate plan and make sure it is still in good shape.

Follow Hugh Hefner on estate planning

A Florida attorney can provide beneficial advice on estate planning. Hugh Hefner, with the assistance of his lawyers, provides an example of sound planning. Its strengths are impressive given Hefner's divorces and the economic and readership decline of Playboy magazine.

How healthcare advance directives work in Florida

All competent adults have the right to make decisions regarding their health. But, a problem can arise if an adult loses the ability to make these decisions. When this happens, how can someone communicate their health wishes to loved ones and health care providers?

What documents do I need for an effective estate plan?

Effective estate planning can provide peace of mind and avoid family conflicts. The right estate planning documents and having an effective estate plan protects the estate planner, the estate planner's family and the estate planner's assets so it is important to be familiar with what estate planning documents are needed. The appropriate estate planning documents can also reduce stress and strife for families during difficult times.

Planning for the pets

Florida estate planning should include care of an important family member. Will or trusts may address the testator's wishes for the family pet. Trusted caregivers who are familiar with the pets should be identified in the will. The executor usually has the power to select another caregiver if something happens to the primary caregiver.

Estate plans should be customized to needs of the estate

A family may gain a vast wealth of assets and financial holdings over years or even decades of hard work. Wealth could have even started with a person's parents who have since passed away, as wealth tends to gain speed as time goes on. Or rather, wealth can gain speed as time goes on. If you are concerned that your estate could be handled improperly both now or in the future, you may consider an estate plan.

Death and taxes: Can your taxes benefit from charitable trusts?

When you consider the idea of bequeathing property in the event of your death, you may think about donating some of your accumulated assets to charity. Luckily, you have estate planning options that can help you carry out this goal, such as by using a charitable trust. Depending on how you want the assets distributed, you may consider using a charitable remainder trust or a charitable lead trust.

Consider making funeral arrangements part of your estate plan

When a loved one dies, the last thing a grieving family wants to do is to make decisions regarding the funeral. If the wishes of the deceased are not documented in the estate plan, however, funeral planning is exactly what a family will have to do.

Some important tips when it comes to estate planning

Previous posts here have covered a range of estate planning topics for Florida residents to consider as they make their plans concerning distributing their assets and naming guardians for minor children. However, a recent article boiled it down to five tips that can be a great start for those who are getting prepared for the important task of drafting estate planning documents.