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Category Archives: Estate Planning

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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Newlywed

Three Estate Planning Tips for Newlyweds

By Legacy Protection, LLP |

Congratulations on your upcoming or recent marriage! You’ve spent time and care planning your wedding and honeymoon, and now is a great time to evaluate your estate plans. Now that you’ve legally joined your lives, it makes sense to have a comprehensive Florida estate plan that addresses both of your estates and any join… Read More »

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ElderLaw4

How to Help Your Aging Parents Manage Their Finances

By Legacy Protection, LLP |

Around 15% of the population is over age 65. Between 2014 and 2015, the number of citizens aged 65 and older grew by 1.6 million people, according to the United States Census Bureau. With the population of aging Americans growing, it is crucial to consider the best way to support one’s aging parents. Adults… Read More »

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Document

Do I Need To Update My Estate Plans When I Move to Florida?

By Legacy Protection, LLP |

If you’re moving to Florida or considering a move to Florida, you may be wondering if you will need to update your estate planning documents after you move. Maybe you haven’t put together an estate plan, but the thought of your upcoming move is spurring you on to consider putting one together. Whatever your… Read More »

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Taxes2

Leave your mark with a dynasty trust

By Legacy Protection, LLP |

If a prime objective of your estate plan is to leave a lasting legacy, a dynasty trust may be the right estate planning vehicle for you. And, thanks to the substantially increased generation-skipping transfer (GST) tax exemption amount established by the Tax Cuts and Jobs Act, a dynasty trust is more appealing than ever…. Read More »

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EstatePlanning3

Beware if your estate plan leaves specific assets to specific heirs

By Legacy Protection, LLP |

Planning your estate around specific assets is risky and, in most cases, should be avoided. If you leave specific assets — such as homes, cars or stock — to specific people, you may inadvertently disinherit them. Illustrating the problem Let’s say Debbie has three children — Abbie, Mary Kate and Lizzie — and wishes… Read More »

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Inherit

Three Ways to Protect Yourself from an Inheritance Dispute in Florida

By Legacy Protection, LLP |

You’ve worked hard your entire life. You deserve to have your estate distributed the way you see fit after your death. By spending some time and energy clarifying your intentions for your estate after your death, you will be on your way to avoiding common Florida inheritance disputes.  Create Your Estate Plan  Did you… Read More »

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Executor

Make health care decisions while you’re healthy

By Legacy Protection, LLP |

Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your loved ones. This includes having a plan for making critical medical decisions in the event you’re unable to make them yourself. And, as with other aspects of your estate plan, the time to act… Read More »

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