If someone has appointed you as a guardian or power of attorney should he or she become incapacitated or need that level of assistance in the future, you might find that it is more difficult than you imagined to transition into such a relationship. Even if someone has...
PROBATE • ESTATE PLANNING • ASSET PROTECTION • BUSINESS LAW
Trustees Executors & Fiduciaries
4 duties of an executor
Being an executor for someone else's estate is a big responsibility, but it is also an honor. When someone names you as an executor, it means that the individual trusts you with his or her very last acts on this earth. The person believe you will honestly and lawfully...
As a trustee, do you understand investment strategies?
You might be surprised to know that investing goes hand-in-hand with several activities related to estate planning and estate administration. First, people use investing to build wealth over time, adding to their estates and building future stability for themselves...
What are digital assets?
Digital assets are anything of potential value that is stored online or in digital format. An obvious example would be an online bank account; a less obvious example might include someone's social media page or online brand.Digital assets are just coming into play as...
Your personal representative can impact your estate after you die
In our previous post, we discussed some of the benefits of the irrevocable life insurance trust. That is only one option that you have when it comes to creating your estate plan. While the components of your estate plan will vary depending on your personal situation...
Benefits of an irrevocable life insurance trust
By now, most of our readers know that planning for your final days and what will happen in the days and months following your death is of vital importance. If you have a life insurance policy, you probably already know that you shouldn't include that policy in you...
What are some different types of trusts?
For a person who is dealing with any estate that has one or more trusts involved, knowing some specifics about trusts can often help them better understand what is going on. There are many different types of trusts that can be used to handle estate matters.Are all...
Your heirs might need help with fiduciary duties in Florida
In our post last week, we discussed how people are handling an estate have to be able to handle the fiduciary responsibilities that come along with the duties. The fact of the matter is that not everyone is able to handle those responsibilities on his or her own....
Fiduciary responsiblity after a person passes away
Have you ever wondered how your heirs will handle your debts when you pass away? The answer to that question is one that many people don't think about. Some people think that debts are simply erased when a person dies; however, that isn't the case. When you pass away,...
How can Florida pet owners plan for a pet’s care?
Many people love their pets like they are their children. For some of those people, the desire to take care of their pets if something happens to them is very real. Pet trusts are one option that Florida residents have to ensure their pets are cared for when they...
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