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...
Tag: Estate Planning
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...
When Should You Update Your Will?
For many adults, creating a will is necessary to ensure that their assets and family are taken care of after they pass away. Between creating an after-life plan and managing the distribution of personal assets such as property or finances, it is important to establish...
What Should You Do with Assets That Have Sentimental Value?
After a loved one passes away, one of the main sources of conflict comes from the division of personal items rather than financial allotment. To avoid situations like this from occurring with your family members after you go, you can choose to allocate certain assets with sentimental value while
4 Steps to Take After a Loved One Dies
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.
Can You Create a Trust When Your Family Has Debt?
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...