Who Receives Your Life Insurance Benefits After You Die?
If your employee benefit package includes a life insurance policy, or you are using a private term or whole-life policy to provide for your loved ones once you pass away, you need to be sure your paperwork is in order now. Otherwise the wrong people could receive your life insurance benefits after you die. Florida […]
5 Mistakes People Make in Using a Durable Power of Attorney
Many people know that a power of attorney is a useful tool in an estate plan. Unfortunately, there are many misconceptions around how and when to use a durable power of attorney. Find out what a DPOA does and doesn’t allow you to do as part of a loved one’s estate. What is a Durable […]
Reverse Mortgage Problems for Heirs
Inheriting a loved one’s home with a reverse mortgage attached can create problems for heirs. They may face calls, collections efforts, and even foreclosure on their newly-inherited property. Find out the options to resolve reverse mortgage problems for heirs, and how you can prevent your loved ones from taking on your debt after you die. […]
Estate Administration for Out-of-State Families With Florida Property
Do you have a parent or loved one with a “winter home” in Florida? Do you know what will happen to that property when they pass away? Find out what an ancillary estate is, and why you might need a Florida estate administration attorney, even if you and your loved ones lived out-of-state most of […]
Benefits of Estate Tax Planning
Benefits of Estate Tax Planning Do you need to be worried about estate taxes? You may not believe you are “rich enough” to pay federal estate taxes now, but changes are coming at the end of 2025 that could trigger a significant tax liability for your heirs and your estate. To fight this, take advantage […]
Using Trusts to Protect Assets for Your Loved Ones
Using Trusts to Protect Assets For Your Loved Ones If you have a large estate, protecting your assets and providing for your loved ones may be your top priorities in creating an estate plan. Is an asset protection trust the best way for you to do that? Find out how third-party asset protection trusts work, […]
Happy Winter Olympics!
Happy Winter Olympics! We thought we’d celebrate with a tale of caution from the sports world. Former Olympian Florence Griffith Joyner won three gold medals and one silver medal at the 1988 Seoul Olympic Games. She also set a world record during the Olympic trials for the 100 m race and two world records during […]
Celebrity Estate Lessons – Gary Coleman
Celebrity Estate Lessons Gary Coleman Gary Coleman’s life was never short of financial problems. In 1989 he famously sued his parents for mismanagement of his income while working as a child actor on the TV show “Diff’rent Strokes.” The Trust fund that was created for his earnings was supposed to be valued at up to […]
Celebrity Estate Lessons Nelson Mandela
Celebrity Estate Lessons Nelson Mandela An important component of one’s estate plan that is often overlooked is stating what you would like done with your remains when you’ve passed. In 1996, Nelson Mandela hand wrote a Will stating he wished to be buried with his three predeceased children in his remote ancestral village of […]
Celebrity Estate Lessons – Sonny Bono
Celebrity Estate Lessons Sonny Bono Sadly, when it came to his estate plan, Sonny Bono did not have his, babe. He died unexpectedly in 1998 in a ski accident. He may have had flowers in the spring, but he didn’t have a Will. Dying intestate (fancy lawyer word for without a Will) opened his […]