Most people want the satisfaction of knowing that their hard-earned assets pass to their children upon their death. A big part of responsible estate planning is to arrange your affairs in a way that ensures this outcome. Your affairs include real estate, financial accounts, life insurance, investment accounts, and many more. Your...
Tangible vs. Intangible Assets: Differences, Examples, and Why They Both Matter
When setting up an asset protection strategy, it is important to understand the classification of assets that you seek to safeguard. Assets may be divided into two general types: tangible and intangible.
What is a tangible asset?A tangible asset is something that is owned by...
How to Protect Your Family and Financial Welfare During a Divorce
When you’re going through a divorce, you have a lot to worry about. Usually, the biggest concerns are about finances and custody of the kids.
You can’t predict the outcome of your marital settlement agreement. However, you can be proactive by taking the following steps to protect your...
Domestic Violence Restraining Orders in Florida: When Is It Time to file?
When a partner becomes physically violent, it may be necessary to seek legal protection. Domestic violence is a serious issue, and sometimes a restraining order is a necessary safety measure.
Here’s an overview of who can file a domestic violence injunction order (also called a restraining order) in Florida...
What is the Difference Between a Will and a Living Trust?
If you are an adult with children or assets that you want to protect, the process of estate planning is a necessary step in obtaining the peace of mind you are looking for. Even if you do not have an extended immediate family, including children or a spouse, it can...
Is There a Connection between Retirement Planning and Estate Planning?
In recent years, older adults in the United States have begun focusing on how to appropriately manage their retirement finances and how they want to distribute their estates in the future. Although the number of adults with retirement and estate plans is on the rise, there is still a significant...
When Should You Start Taking Your Social Security Benefits?
Utilizing your social security benefits can be tricky, especially if you are looking to access them prior to reaching the average retirement age in the United States. Many adults wonder how to approach the process of obtaining their social security benefits and when they should choose to begin receiving them...
What Parents Should Know About Estate Planning
New parents in Florida have much more on their minds than planning their estate. Between baby-proofing their home and vehicle, running between pediatrician appointments, and setting up the crib, there is not much time for parents to start planning for a conversation around estate planning. However, setting up preparations for...
Estate Planning Tips If You Are Single
Across the country, it is common for many single adults to believe that establishing an estate plan is not a necessary aspect of their personal finances or affairs. In fact, the opposite is true: creating a thorough and well-planned estate can provide individuals of all financial backgrounds with protection for...
How You Can Protect Your Loved One’s Government Benefits with a Special Needs Trust
For many of those living in Florida with special needs, financial assistance from the government is considered a primary source of income. Central Florida residents who receive benefits from the government through special needs programs are usually children born with a developmental or physical impairment or individuals who have been...