J. Kelly Kennedy, Attorney/CPA, PLLC

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Posts tagged "wills"

What is a healthcare surrogate?

Under Florida law, there are many ways to protect yourself in case of a medical emergency. While people may think that doctors are able to make important decisions, often the patients have the final say over medical care and treatment. If patients are not able to make these decisions, there can be questions about how an individual would like to be treated in any given case. In order to alleviate any potential questions, people are encouraged to create a comprehensive healthcare strategy as part of their advanced estate planning.

Seeking advice from professional advisors during estate planning

Taking the time to think about the future is important for residents in Florida and other states across the nation. Individuals and families should take the time to address what will happen to their assets and property upon their deaths. While it is not an easy topic to discuss, it is important these issues are addressed so their estate is not improperly devised in the event of their death.

Don't avoid discussing estate planning with the children

Thinking about one's eventual demise is not something many people in Florida are eager to do. However, when it comes to inheritances it is good for people to both have an estate plan and discuss that plan with their heirs and beneficiaries.

The importance of digital assets in estate planning

For most Florida residents, thinking about mortality is probably not the ideal way to spend an afternoon. However, it is often necessary for anyone hoping to protect the interests of loved ones and provide them with the maximum amount of assets possible following his or her passing. Estate planning forces people to confront issues such as mortality, but it is worth it. The benefits greatly outweigh the slight amount of discomfort involved in dealing with issues involving death.

Estate planning can be about a person's legacy

For many Florida residents, estate planning is traditionally done to protect the interests of family members. Estate planning is a great way to ensure that family members are taken care of in the event of a person's passing. Wills and trusts can be drafted that state, in no uncertain terms, how a person's assets will be distributed and when. This ensures that family members are not left quarrelling in courtrooms during an already difficult time.

Estate planning preserves assets, protects interests

Some Florida residents may feel intimidated by the estate planning process. In many cases, this intimidation can be chocked up to a lack of knowledge regarding the various components involved in estate planning. Oftentimes, after learning of the purposes the various components of estate planning serve, many come to realize not only the benefits of drafting a solid estate plan, but the importance of doing so for both the person planning the estate and their family.

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.

New and part-time residents must make sure Florida is home

Florida is famous for being a destination for retirees and Northerners fleeing winter weather. These recent arrivals and part-time residents may think of Florida as their home, but for purposes of estate planning, they should make sure the law agrees with them.

Estate administration is a complex but important process

Florida residents might be aware of the benefits of estate planning. Though executing a will is an effective and unparalleled estate planning tool, it is nonetheless quite complex and often a time-consuming process.

Wills are often the first step in estate planning

In this day and age, people try plan nearly every aspect of their life, from careers to marriage to starting a family. However, often, we forget to prepare for the unexpected, including death. Florida residents should understand that careful estate planning is necessary to save their loved ones from considerable financial and legal stress after their passing, particularly if it's unexpected. However, it's never too late to plan your assets, and Florida residents can start planning now.