Category Archives: Estate Planning
How To Avoid Capital Gains Tax When Inheriting Property
Inheritances are meant to provide family members with a bit of financial security after a loved one passes away. Although people usually benefit from the inheritances that are left to them, there are times when inheriting property can be more stressful than a person thought. For example, even the most well-intentioned inheritances can result… Read More »
Common Mistakes In Estate Planning
Estate planning is something many people put off doing. Even when people are responsible and create an estate plan, they sometimes make mistakes that essentially undo all of their hard work. If you are thinking about creating an estate plan, it is critical to work with a St. Petersburg estate planning lawyer who can… Read More »
Benefits Of Gifting An Early Inheritance
As people start to accumulate wealth and assets, they often also begin to think about who they want to receive it after they pass away. While leaving a legacy for your family has many benefits, there are also many advantages to giving your loved ones their inheritance early through gifts. One of the biggest… Read More »
Mistakes To Avoid When Designating A Life Insurance Beneficiary
There are many important components of estate planning and investing in a life insurance policy is certainly one of them. You can name a beneficiary on a life insurance policy who will receive the proceeds without the need to go through probate. Unfortunately, many people make some common mistakes when naming these beneficiaries. Below,… Read More »
Important Estate Planning Considerations For Single Parents
Life for single parents is extremely busy. You have to go to work, take care of your children, attend school activities, and maintain your home all on your own. All of these are huge responsibilities, even for those who co-parent with another person, and especially for those who do not. Creating an estate plan… Read More »
Mistakes To Avoid When Estate Planning
Everyone should create an estate plan so their final wishes are respected and their loved ones are cared for after they pass away. When creating a plan, it is just as important that you avoid some of the most common mistakes people make. Even the slightest mistake can delay probate proceedings for surviving family… Read More »
Estate Planning Checklist
Estate planning is an important and responsible thing to do. However, there are many steps involved and it can become complex. To make it easier, our St. Petersburg estate planning lawyer has created a checklist to ensure that nothing gets missed in yours. Outline Your Goals You should start outlining your goals by first… Read More »
Differences Between Beneficiaries And Heirs
The terms ‘heir’ and ‘beneficiary’ are often used interchangeably, but there are important differences between the two. It is important to understand these differences when creating your estate plan. If you do not, it could cause unnecessary complications and confusion among your family members and other loved ones in the future. Below, our St…. Read More »
What Does A Personal Representative Of An Estate Do?
The personal representative of any estate has a very important role that requires a great deal of time and attention. As part of the probate and estate administration process, personal representatives handle the estate of a person who has passed away. Personal representatives, also called executors, are sometimes outlined in a person’s will or… Read More »
What Is A Letter Of Instruction, And Why Is It Important?
Creating a will or trust as part of your estate plan is a great way to plan for not only your future, but also that of your loved ones. Your family will have to determine what steps to take next and they will be looking for guidance during a very difficult time. Once you… Read More »