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July 2014 Archives

Trust may be the best option for couples with children

It can be heart-wrenching to contemplate a scenario in which one's children are left without their parents' protection and guidance. However, smart Florida residents are aware that planning for a possible future for their kids that does not include themselves is necessary to ensure that the children are taken care of in the event something terrible does happen.

Can Internet accounts become probate assets?

Florida residents are, no doubt, fully aware of the "digital revolution." Many people's online lives rival their "real lives" in scope and intimacy. As many Internet users know, there are myriad ways to communicate, store and share through email, photo services, and social networking websites. A question arises then: what happens to digital Internet accounts when the account holder dies?

Lou Reed's estate plan could have used a trust

Perhaps the most important thing any Florida resident should do when estate planning is to write and properly execute a will. Without a valid will, a person's estate passes to relatives according to state law. A valid will directs the court on how to distribute the estate according to the person's own wishes. However, a will can't do everything, and there are times when a well-crafted estate plan needs something more.

Florida pre-need guardianship is one option

When the news discusses the subject of adult guardianship, it is usually to report on someone taking advantage of an older person who can no longer care for him- or herself. While these types of abuses do need to be exposed and, as this blog has previously reported, Florida lawmakers are attempting to hold guardians more accountable, it should be pointed out that most guardians take very good care of their wards.

Beneficiary forms can trump will's division of probate assets

Residents of Florida may be aware that various types of assets come with forms that must be filled out to designate to whom the holder wishes the asset to go on the occasion of the holder's death. What they may not know, however, is that those forms can take precedence over the division of assets that is stated in a person's last will and testament.