Guardianships are created to allow a trusted adult to take care of the health and financial needs of someone who is unable to do so for themselves and lacks other alternatives, such as a Trust or Healthcare Proxy. In Florida, a Guardianship can be established for either an adult with physical or mental disabilities or […]
Establishing a Dynasty trust in Florida is one of the best ways for high-net-worth families to preserve wealth for future generations. A Dynasty trust allows a Grantor (the person who sets up the trust) to place assets in the Trust that can pass on to future generations while minimizing taxes and the risk of losing […]
Would you hire an accountant to help manage a tax audit, or research it yourself and hope for the best? Do you need a contractor to remodel your kitchen, or would you watch a few YouTube videos on remodeling and grab a sledgehammer to start the demolition? In both of these scenarios, while you may […]
Trusts are an important part of a comprehensive estate plan that offer a variety of benefits ranging from probate avoidance to ensuring a child with special needs is financially supported. Creating an estate plan that strategically uses the power of one or more Trusts can help preserve and protect your family’s financial security long after […]
Probate is the legal process in which the Court ensures that a person’s final debts are paid and their assets are distributed to their beneficiaries and heirs. The first step is to contact an experienced estate law attorney and provide the attorney with a copy of the Decedent’s Will – if one exists. If a […]
The goal of an estate plan is to ensure that the assets you have built up over a lifetime are distributed in accordance with your wishes. However, if you have beneficiaries or relatives who object to your estate plan, they can contest it. This can derail your wishes, cost your estate hundreds of thousands of […]
Many couples create their estate planning documents shortly after their first child is born and leave them untouched for decades, until they are needed. However, during that time, life continues to change and the documents may not reflect your current wishes when they are needed later in life. For this reason, we recommend that our […]
When a trust beneficiary and trustee don’t see eye to eye, a beneficiary may want the trustee to be removed. Whether this is possible depends on the specifics of the situation. If you dislike the trustee, have a personality conflict with them, or are unpleased with minor aspects of how the trust is being managed, […]
A guardian is someone appointed by the court to make decisions for an incapacitated adult or a minor whose natural parents cannot make decisions for them. Some of the reasons someone may pursue a guardianship for a loved one include: Dementia Traumatic brain injury Severe mental illness A minor who has become orphaned A minor […]
This July marks the one-year anniversary of the passage of the Florida Community Property Trust Act, a new law that can be beneficial for many married couples. Under this law, married couples can create and move their assets into a community property trust. By doing this, when one spouse dies, 100% of the assets in […]
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