Levins & Associates, L.L.C.

Schedule a Free Consultation

Fort Myers 239-344-9471

Toll Free 888-312-0536

March 2018 Archives

Is it wise to name more than 1 trustee?

When creating a trust, it is important to carefully consider who serves as the trustee. As your estate and the trust's contents grow more complex, the duties of the trustee grow in significance as well, as may the temptation to misuse the authority granted to trustees. To combat this potential temptation, and to spread around the duties associated with serving as a trustee, some people choose to name more than one trustee. This comes with its own set of benefits and potential complications.Is It Wise To Name More Than 1 Trustee.png

Tax reform and other challenges to estate planning efforts

Estate planning is an important step for most Florida readers. Despite what many people think, this is not only for people with valuable assets and significant wealth but for people of all income levels. Having even a simple estate plan in place can ensure you have control over what happens to your assets and minimize problems with your beneficiaries.

These issues may invalidate a will

Creating a will is an essential component of any estate plan, and it may offer important guidance to your beneficiaries and heirs when you pass away or become incapacitated. However, simply creating a will is often not enough to ensure that your wishes will be honored without challenges from interested parties or the legal system itself. A number of complications may arise if you do not take care when drafting your last will.

Cryptocurrency and your estate plan

In the last several years, cryptocurrencies like bitcoin have seen their public image rise considerably. While the idea of owning cryptocurrency seemed like a distant possibility for laypeople only a few years ago, these financial instruments are gaining popularity more quickly than state or federal laws can often keep up with them.

When is the right time to fund a living trust?

righttimetofundtrustinfographic.pngLiving trusts offer a convenient "hybrid" approach to estate planning that combines many of the most important protections that make trusts useful while foregoing some of the most frustrating restrictions that other trusts keep in place. While this flexibility comes at the cost of some of the more detailed protections that more unwieldy trust provide, many individuals find that the added access to assets and flexibility in altering terms of a living trust are worth the trade off.