You want to get your estate plan in order, but you’re finding a few things confusing. What exactly is the difference between a beneficiary, a contingent beneficiary and an heir? Does the exact word that’s used really matter? Absolutely. Before you put your plans in place, it’s wise to know more about these three terms. […]
When you die, the property you have left after your personal representative repays your creditors will become the legacy you leave for your loved ones. After a lifetime of hard work, you probably want to give the people you love as much as possible out of your estate. Planning ahead for issues that would reduce […]
Without an advanced directive, you are the only one who can make medical decisions for yourself. You have a right to make these choices, based on recommendations from your doctor. However, what if something happens and you can’t communicate with the doctor or cannot make these decisions yourself? What happens if you come down with […]
Child custody is one of the more complicated points associated with getting divorced that spouses must work through. The tension that comes with this type of split often makes it difficult for spouses to agree on what needs to happen. Parents must ensure that they’re doing what’s in their children’s best interests when devising a […]
Medicaid is a very important benefit program for those with significant medical needs and need long term care. Many people who expect to depend on Medicare in their golden years actually end up needing Medicaid benefits instead. Medicare, the insurance program available for retirees, doesn’t cover all of the expenses people incur as they age. […]
When you have a child with special needs, you’re naturally concerned about your child’s well-being after you’re gone. There are assets available that could be used to see to their comfort, but you’re concerned about interfering with their eligibility for government benefits like Medicaid and Supplemental Security Income (SSI). You know that special needs trusts […]
Is your divorce going to involve the division of a considerable amount of assets? How about a complex mix of assets like multiple properties, investments, businesses and more? Determining not only the short-term implications of how these assets, as well as debts, are divided but the long-term financial and tax implications can be more than […]
Parenting teenagers comes with many challenges, even for parents that are still married. After a divorce, these challenges often increase as both parents strive to remain active in their teens’ lives. In Florida, divorcing parents must submit a parenting plan, which you may know as a child custody agreement or plan. If your kids are […]
Estate planning goes beyond distributing money and valuable assets to surviving loved ones. Life will go on for family members after the death of a loved one. During that time, inter-family issues could arise that result in contentious litigation over the course of several years, fracturing and destroying longtime relationships. In addition to a will […]
“Guardianship” means that a guardian is appointed to make financial or personal decisions once an incapacitated person is no longer able to make those decisions. Once the guardianship has been adjudicated (a judge has made a formal decision), the person under guardianship is considered to be a “ward.” When guardianship is necessary Under Florida law, […]
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