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September 2014 Archives

What is a 'durable power of attorney' in Florida?

The power of attorney, as many Floridians know, has gained much more exposure, both in general and as an estate planning tool over the last decade or so. As a legal document, there are many uses for a power of attorney, and this flexibility may be one of the reasons for the increase in its popularity.

You shouldn't wait to prepare a healthcare proxy and living will

Most people who are over 30 likely remember the name Terri Schiavo. This is probably especially true of those of you in Florida. The Schiavo case captured the attention of the nation, and its politicians, and remains controversial today. No matter what you think of the controversy, there is a lesson to be taken from that case, where a husband and parents found themselves in court litigating, in front of the entire nation, whether Terri should or should not be taken off life support.

Planning for a retirement income may be more art than science

Many Florida residents may have heard of, or read about, the benchmarks that smart people use to determine their goals for retirement savings. Depending on whom one asks, this can be a million dollar figure, or a certain percentage of your current income. Some experienced financial professionals, however, say that a static figure is not best for everyone, and that proper retirement planning may require a more introspective approach than simply pulling a figure out of the literature.

What is probate and how does it work in the state of Florida?

Many Florida residents may well have heard of the probate process and they may also have an idea that it has something to do with wills and estates. But many people may not understand exactly what probate is, and when it applies. One good resource for such questions is the Florida Bar.