The (Only) 3 Reasons You Should Have an Irrevocable Trust Should you really agree to give up control of your assets? There are some good reasons to get this type of trust, but there are some major drawbacks as well.…
Springing vs. Durable Power of Attorney: What’s the Difference? A power of attorney (POA) document legally enables a person (called the “principal”) to appoint a trusted relative or friend (called the “agent” or “attorney-in-fact”) to handle specific health care decisions…
Olivia Newton-John, known for her iconic roles and philanthropic heart, left a legacy that reflects her values through a carefully structured estate plan. At the time of her passing on August 8, 2022, the beloved actress and singer was worth…
Be Leery of Generic Health Care Proxy Forms. If you go to the hospital, you may be presented with a health care proxy form to sign on being admitted. While it might seem easy to sign a generic health care…
QTIP Trusts: What They Are, And How They Work. What Is a Qualified Terminable Interest Property (QTIP) Trust? A qualified terminable interest property (QTIP) trust enables the grantor to provide for a surviving spouse and maintain control of how the trust's assets…
I Want to Leave An Inheritance to My Child, But Not Their Spouse. It’s natural for parents to want to protect their children, even their adult children. While many parents love their children’s spouses, when they are estate planning their…
My Lawyer Retired-What Happens to my Estate Planning Documents Now? What happens to your Will or estate plan if your estate planning attorney dies, retires, quits practicing, or is otherwise not available when you or your family need estate legal…
Avoid Disagreements Between Your Power of Attorney Holder and Health Care Proxy A durable power of attorney and a health care proxy are two important but different estate planning documents. Both allow other people to make decisions for you in…
What Does Per Stirpes Mean In Florida? What Does Per Stirpes Mean In A Last Will In Florida? Last wills and testaments include a number of unique terms which often confuse individuals who are not familiar with the probate process.…
Why Estate Planning Can Be A Great New Year Resolution For 2023. ‘Tis the Season for Estate Planning The New Year usually offers up a batch of resolutions to help us change our ways and set new goals. We look…