What Happens to Debt When You Die in Florida?

When approaching estate planning in Florida, many people ask what happens to debt when they pass away. The short answer to this question is it depends. Your debt might pass on to your loved ones, creditors might come after your estate, or creditors could be out of luck. Let’s review the different scenarios. Who inherits…

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What is a Will and Why Do I Need One in Florida?

Estate planning attorneys in Florida encounter many misconceptions when it comes to wills. To help set the record straight, we offer some examples of why having a valid will can be helpful and why it is a good idea for everyone to establish one. Recognizing the Power of a Will At its most basic, a…

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Have You Completed Your Back-to-School Estate Planning Homework?

The school season is right around the corner. If you are a parent, you have likely bought your little ones the essential items they need to get them through the school year. However, have you thought about how your kids would fare if you pass away during their youth, teens, or early adult years? Designate…

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9 Major Life Events That Should Remind You to Update Your Estate Plan

An estate plan is not something you can set in place and then forget. When your life undergoes a significant change, you probably need to make some adjustments to ensure that your plan still functions the way you want. Let’s review a few major life events that provide good reasons to update your estate plan.…

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Healthcare Decision-Making Should Be Part of Your Estate Plan

Your estate plan should include critical health-related documents as well as traditional property documents such as wills and trusts.  That means that preparing your estate plan will involve issues such as determining who will make healthcare decisions on your behalf if you become incapacitated. There is no recommended age to prepare healthcare documents–in fact, the…

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What Happens If You Don’t Have a Will or Trust?

When you die without leaving a will, you are said to have died “intestate” and the government decides how to distribute your property according to the laws of intestate succession. These laws may or may not allocate assets in the manner you would choose. If you are married and have children, the laws generally divide…

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Holding an Estate Planning “Fire Drill”

Getting your affairs in order through an estate plan is a great way to prepare for your future, but have you ever thought about how your family will follow your instructions after your death? An estate planning “fire drill” will help you and your family openly talk and ask questions about your estate plan. Just like…

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Three Estate Planning Factors to Consider Before Year-End

With COVID-19 continuing to create an unpredictable future, it’s important to consider some estate planning factors before the year’s end. By thinking ahead now and knowing what to look for, you can futureproof your estate plan and further your goals for years to come. You may also be able to take advantage of certain tax…

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What Is Typically Included in an Estate Plan?

Your estate plan gives your loved ones detailed instructions for the distribution of your property and assets, healthcare should you need it, and financial protection. An estate plan can be a valuable tool to protect and safeguard what you’ve worked so hard to achieve. It can also provide for healthcare or financial decisions should you…

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