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What is a Trust?
A trust is a legal creation set up to benefit someone or something. For example, some people set up trusts to benefit their children, their grandchildren, or even charities. It is easiest to understand if you think about three separate people being involved. One person, called the grantor, funds the trust somehow, by placing money […]
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No Kids, Do I need an Estate Plan?
It’s a common misconception to think that if you don’t have children, you don’t need to worry about estate planning. But the fact is, it can be even MORE important to do estate planning if you have no children. Some of the common thoughts behind this mistaken belief may take one of these forms: “If […]
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4 Estate Planning Must Haves for Un-Married Couples
Estate planning is often considered something you only need to worry about once you get married. But the reality is every adult, regardless of age, income level, or marital status, needs to have some fundamental planning strategies in place if you want to keep the people you love out of court and out of conflict. […]
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Estate Planning: Why the old process fails families!
Did you print out your Legal Zoom docs and feel a sense of relief that your “estate plan is done”? Did you put your docs into a safety deposit box never again to be examined? While you may have felt relieved, the reality is that those docs may have done very little to protect you, […]
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Estate Planning Must Haves for Parents – Even with Legal Docs
A comprehensive estate plan can protect the things that matter most. For many, this means their property and their family. Including provisions for the care of your children in your estate plan is essential for peace of mind. But many parents struggle with including such provisions as naming a legal guardian for their child in […]
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Are you telling yourself sabotaging stories?
“I’ll do estate planning next year.” “I’ll plan for my estate and incapacitation when I have X amount of dollars in the bank.” “We are too young to have to worry about estate planning.” “I’m healthy, why should I worry about incapacitation?” “We don’t have enough assets to worry about estate planning.” “I’m married so […]
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Trust Planning – Why it Works and How it Differs
Why Putting Your Family Home In A Trust Is A Smart Move If you are like many homeowners, your home is likely your family’s most valuable and treasured asset. In light of this, you want to plan wisely to ensure your home will pass to your heirs in the most efficient and safe manner possible […]
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Planning for Incapacity – The time to give this GIFT is NOW
One of The Greatest Gifts To Your Family Is The Plan For Incapacity When it comes to estate planning, most people automatically think about taking legal steps to ensure the right people inherit their stuff when they die. Although that thought is not wrong, it also leaves out a very important piece of planning for […]
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Business Owners DESERVE a better Estate Plan than Florida Statute
That’s right. To pass along those assets you’ve created, nurtured, and grown, the default estate plan requires your family to sue itself, your business and surviving partners, and your creditors. Which parties do you think get the best treatment? Its not your family, its not your business partners…its your creditors. You owe it to yourself and […]
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Probate: What It Is & How To Avoid It—Part 1
Unless you’ve created a proper estate plan, when you die many of your assets must first pass through the court process known as probate before those assets can be distributed to your heirs. Like most court proceedings, probate can be time-consuming, costly, and open to the public, and because of this, avoiding probate—and keeping your […]