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Category Archives: Estate Planning

EstPlan18

Avoid Potential Financial Disaster by Having an Estate Plan in Florida

By Legacy Protection, LLP |

Most people think about putting together an estate plan, but they don’t always follow through with it. If you’ve been thinking about starting your estate plan, it’s important to start the process sooner rather than later. Having a comprehensive estate plan is not just about what happens to your assets when you pass away…. Read More »

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EstPlan21

4 Ways to Reduce Conflict with Your St. Petersburg Estate Plan

By Legacy Protection, LLP |

Conflicts related to an inheritance shouldn’t come as a surprise, as it’s very common for family members to have disagreements related to who should receive what when someone passes away, or over how to take care of an ailing loved one. It’s important to take steps early on to minimize the potential for conflict… Read More »

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ElderPlan

Do I need an Advance Directive as Part of My Tampa Bay Estate Plan?

By Legacy Protection, LLP |

Drafting a will, setting up a trust, and deciding who gets what assets are only a portion of what a complete estate plan should include. Another important aspect to address is what should happen in the event you become incapacitated. If you are seriously injured or develop dementia later in life, you may not… Read More »

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Executor

What Role Do Personal Representatives Play in a Florida Probate?

By Legacy Protection, LLP |

When you set up an estate plan, you will be asked to designate a number of potential positions, including a personal representative, or executor, of the will. You may also hear of a personal representative or executor referred to as an administrator. The terms may be somewhat interchangeable between states, but the individual duties… Read More »

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EstP1

Common Myths and Misconceptions about Probate Administration in Florida

By Legacy Protection, LLP |

It’s understandable that most people don’t want to know much about probate. Let’s face it, who wants to focus on topics that deal with your death? However, estate planning and probate basics are important to understand. You should be prepared, especially when other people are depending on you. If you are unprepared, it can… Read More »

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Trusts

What You Need to Know About Estate Tax in Florida

By Legacy Protection, LLP |

Florida is an attractive state to live in for several reasons. It is only one of seven states that does not have an income tax. Also, Florida does not require inheritance and estate taxes. The Sunshine State is so popular that over 300,000 people move to Orlando every year. Every day, 906 new residents… Read More »

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EPlan2

What Does Joint Tenancy Mean And Why Does It Matter To Florida Landowners?

By Legacy Protection, LLP |

Paying off a home mortgage is something many Americans work toward for many years. Those who can make that final payment do so with a sigh of relief. Whether or not you own your home outright, you can legally transfer your property interests to your spouse or another person after your death while avoiding… Read More »

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YoungAdult

Should My High School Graduate Have a Durable Power of Attorney?

By Legacy Protection, LLP |

Parents work incredibly hard. You’ve cared for, clothed, fed, protected, and encouraged your child who just graduated from high school. Perhaps your child is heading off to university far away, joining the military or staying at home to figure out what comes next. In any case, it is wise to consider what legal documents… Read More »

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BusPartners

Estate Planning for Small Business Owners

By Legacy Protection, LLP |

If you own a business, you know what it’s like to sacrifice your time and energy to build your company. You’ve worked hard to create an successful business and source of income for you and your family. What will happen to your Florida small business upon your death? Having a business estate plan can… Read More »

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EstPlan6

What Is a Florida Revocable Trust and Do You Need One?

By Legacy Protection, LLP |

More than half of Americans do not have any estate planning documents in place. However, even if they have a Last Will & Testament as their primary estate planning document, their estate still will be subject to Florida probate courts. Entrusting your life savings and assets to a probate court comes with a host… Read More »

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