May 27, 2020 | Estate Planning
I think everybody over the age of 18 needs to have a durable power of attorney, in case something happens, somebody can handle your financial affairs for you. A healthcare surrogate, and a living will in case something medically happens to you, you’ve already...
Apr 8, 2020 | Estate Planning, Trust Administration
Funding the trust is actually probably the most important part of the process. If the trust is not funded, if the assets are not titled to the name of the trust, it’s not worth the paper it’s printed on. So, the way to fund the trust is you have to...
Feb 7, 2020 | Estate Planning, Power of Attorney
If a person’s incapacitated and has a revocable trust, you still want to make sure you have that durable power of attorney. So the answer to that question is yes, the trust document only controls what assets are titled or funded inside of that. The power of...
Dec 2, 2019 | Estate Planning
The simple answer to that question is, “Do another one here in the State of Florida.” If you pass away here in Florida, and you have a will from another state, and we submit that for probate, the Florida Probate Court doesn’t know if that’s a...
Sep 16, 2019 | Estate Planning, Long-Term Care
I think longterm care insurance is an important part of the estate planning process. If you become sick and you need to go into a nursing home, it’s relatively straightforward and easy to qualify you for Medicaid. If you need care at home, it’s a little...
Dec 27, 2018 | Estate Planning
When a person passes away here in Florida and you’re going to do a probate, the only assets that have to go through probate are what was individually owned by the decedent. So there was no joint ownership, there was no beneficiary designation on the account....
