Monthly Archives: July 2020
Spendthrift Trust: What Is It and What Are the Benefits?
In Florida, anyone can create a revocable or irrevocable trust to maintain control over the distribution of assets, minimize estate taxes, avoid probate, and provide protection for beneficiaries. One of the many types of protections offered by trusts is the so-called “spendthrift trust.” What Is a Spendthrift Trust? A “spendthrift trust” prevents creditors of… Read More »
Intestate Succession in Florida: Everything You Need to Know
Many people do not have a will or other estate plans in place to control the disposition of their assets upon their death. If you are one of these people, there is a possibility that the state of Florida would decide how to distribute most of your assets upon your death. The process is… Read More »
Florida Law Allows Remote Notarization of Estate Planning from July 1, 2020
Florida’s remote signing law went into effect on July 1, 2020, allowing people to notarize their estate planning documents remotely without having to leave their home. The new law now allows remote notarization for all types of estate planning documents, including wills and trusts. Before, Florida law required the physical presence of the witnesses… Read More »
Why Estate Planning is Critical for Unmarried Couples in Florida
While estate planning is essential for married individuals, it is no less important for unmarried couples. In fact, creating an estate plan may be even more critical if you are dating someone but have not married yet. With more and more individuals deciding that marriage is not an option for them, it is important… Read More »