If you are deciding whether to create an irrevocable trust or a revocable trust, it’s important to understand the advantages and disadvantages of both. You should also know how they protect your assets and how they may impact your beneficiaries.
What is an irrevocable trust?An...
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...
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...
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...
When loved ones pass away, they leave behind their possessions, assets, and estate, which all need to be addressed. Their bank accounts must be closed, their unpaid bills must be handled, and any money they leave behind must be properly allocated. Often, these tasks fall onto family members.
If you are currently looking into ways that you can establish an inheritance for your family, you likely have many questions about the process. One of the most common inquiries that individuals have in these circumstances is related to the existing debt of their family and whether or not it will impact...
Pets are part of your family and...
Estate Planning is an incredibly important tool, not just for the wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do.
Estate planning can help you accomplish any number of goals, including appointing...
As Floridians today mark the 16th anniversary of Hurricane Charley making landfall as a category 4 storm on the southwest gulf coast, we are reminded of our annual to-do lists - Evacuation routes are noted, resupplying our hurricane kit with batteries, bottled water, canned goods, maybe a generator, are...
Patriot Legal Group's very own Crystal Denman was a special guest on a local Central Florida women's empowerment group ~ A Tribe Called Venus ~ to discuss estate planning basics. Click below for her full interview and to learn more about the basics of estate planning.
