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Estate Planning Fundamentals I’m glad you’re interested in learning more about creating a Legal Will and Trust. This can be a confusing topic. Lawyers and educational websites throw around words like “estate” “probate,” “executor,” and “personal representative” without giving...

In simple terms having a Will written out is important. A will is a legal document that outlines how a person’s assets will be distributed after they die. It is an important document because it ensures that a person’s wishes regarding the distribution of their assets are carried out. Without a will, the distribution of assets will...

A will is an important legal document that allows an individual to specify how they want their assets and property to be distributed upon their death. It is a crucial tool that enables a person to ensure that their loved ones and beneficiaries are taken care of and that their final wishes are respected. One of the main reasons why a will is...

Estate planning is the process of organizing and managing one’s assets and property in order to ensure that they are distributed according to their wishes after they pass away. It is an important process that should be started as early as possible in order to ensure that one’s assets are protected and distributed in the way that...

An incentive trust is a type of trust that is designed to motivate the beneficiaries to take certain actions or to achieve certain goals. This can include things like pursuing higher education, getting a job, or making healthy lifestyle choices. The trust can be set up to provide financial rewards or other incentives to the beneficiaries when...

In simple terms, estate planning is like making a plan for your stuff after you die. It’s important because it helps make sure that the things you care about go to the people you want them to go to, and that your family and loved ones are taken care of. Imagine you have a big toy box with all your favorite toys in it. When you grow up and...

There are four separate ways an asset can go from being owned by you during your life, to being owned by someone else when you die. Here they are: Number 1 – Joint Ownership With Rights of Survivorship: If you own a bank account, or a piece of land, or some other asset together with someone else, that asset may (or may not) pass to the...

Creating an estate plan can be a complex process, but it is an important step in ensuring that your assets are distributed according to your wishes after you pass away. Here is a general outline of the steps you should take to create an estate plan: Step 1: Assess your assets and liabilities The first step in creating an estate plan is to take...

Estate planning is the process of preparing for what will happen to your property and assets after you pass away. It involves creating a plan to ensure that your loved ones are taken care of and that your assets are distributed according to your wishes. In Florida, there are specific laws that govern how estate planning should be done,...