Having children is a blessing. It can also be a challenge, especially when they reach the age of adulthood. Why? For starters, talking to your adult children about the inevitable can be very difficult, but it is very necessary. Below, you will find some tips for preparing your adult children for the inevitable, which includes your death and the reading of your will.
It is a common occurrence for people to contest the wills and estates of their family members or others they know throughout life. Why would someone contest a will? For starters, they believe that the people named in the will should not be getting what they are getting or shouldn't be named at all in the will. You can prevent your will from being contested by following the tips outlined in today's post.
Probate is a situation that many people's estates have to go through after they die. This means that a large portion of the estate could be taxed, and beneficiaries will receive less money or assets than you intended. Today, we will look at four tips to help you avoid probate.
A power of attorney is one of the most important legal positions you need to fill when creating your will and estate plan. You should review your estate plan every so often to make sure the person chosen is still alive or still in your life. Today, we will take a look at how you can transfer a power of attorney to a different person after you've already named them in your estate plan.
You expect to get an inheritance from your parents. Maybe you've even talked about it with them and contributed to their estate planning. You know there's always an outside chance that you'll get something from your grandparents, as well.
Whether you are headed to the hospital for a surgery or are being moved into a nursing home, you need to give consent prior to receiving any type of treatment. This includes accepting prescriptions, receiving shots, being operated on, receiving cancer treatments and anything else that can be administered to you. Let's take a look at how you can give consent prior to accepting treatment so you do not wind up in a precarious situation.
Even though you sign a living will, it doesn't mean mistakes won't happen when you find yourself in the emergency room (ER). Nurses and doctors rush to make judgment calls when patients are brought into the ER, so much so that they don't fully read the instructions in the living will that you created.
Have you been asked to be the executor of someone's will? This is an important job to have no matter your relationship with the person who made the request. Also know that you have the ability to deny the request. If you want to say yes to the request and take on this role, you need to understand the role of the executor of a will in Florida.
When you have a beneficiary with special needs, it's often in your best interests to provide for him or her through a special needs trust. In the event that you pass away, a special needs trust continues to provide benefits while protecting your disabled beneficiary's state and federal benefits by not increasing his or her income.
Do you have a will? Have you planned your estate yet? If not, you are putting not only yourself but also your dependents and spouse in a precarious situation should you become incapacitated or die. Too many people pass away without a will or other estate documents in place these days. You need to avoid this issue at all costs by asking the following questions when planning your estate in Florida.