Estate planning

Trusts can be a great estate planning tool, but they are not a mandatory part of a plan. If you want to include one in your estate, you should make sure that you understand them and learn as much as you can about how they work. This includes making sure you understand...

As you age, you are likely to experience some normal aches and pains. You may also develop chronic medical conditions that require close monitoring. Eventually, due to incapacitation from a serious injury or illness, you may lose the ability to make your own medical...

As an older adult, you could have a number of different issues to consider, from health challenges to assisted living and your estate plan. It is very important to look into potential resources and benefits that could help make your life easier, such as Medicaid. In...

Your estate plan contains lots of personal information and sensitive details about your financial assets. Given the gravity of its contents, you will most likely keep a significant portion of your strategy confidential. However, if you have adult children or other...

Elderly residents of Florida who want to make sure they are fully protected if they are unable to make decisions on their own will often think about having a power of attorney. This is a useful strategy to name a competent and trustworthy person to oversee the...

Seniors face the possibility of being widowed or divorced. Estate planning for seniors should also deal with the needs of unmarried people. Other priorities Planning for singles should emphasize customary estate documents that do not address the disposition of their...

Many people who do not enjoy vast wealth assume that estate planning is not something for them. They believe that it is for those who have assets valued in the hundreds of thousands, if not millions. They question why they should spend the time or money to document...

A health care surrogate is a person who is authorized to make medical decisions for another person, called the principal, when he or she is unable to do so. He or she is required to act in the best interest of the principal if the principal becomes incapacitated and...

While it is inevitable, it is difficult to think about one’s death. The thought is uncomfortable, especially when an individual is young and in good health. Nonetheless, it is important to consider what one’s wishes are after their death beyond what they want...

In addition to creating an estate plan, you need to make sure you have someone to carry out your wishes once you have passed away. The person you name as the executor of your estate will have several responsibilities relating to the administration of your estate. What...