Estate Planning

Unexpected controversy has been exposed due to a Florida law enacted in October of 2011 regarding the Durable Power of Attorney (“hereinafter DPOA”).  Prior to the change in law it was possible to prepare a DPOA that became effective upon incapacity. However, the new law no longer allows the “upon incapacity” language, thus making DPOAs […]

There are many aspects to consider when planning your estate such as living wills, last will and testaments, trusts, beneficiaries, and so on. While all of these moving parts work together to create a successful estate plan, the power of attorney (“POA”) is one of the most significant of them all. This is because without this […]

The most common mistake that can be made when estate planning is the failure to keep your forms and documents up to date.  As simple as it sounds, there are countless instances where people who did not have updated beneficiary forms inevitably ran into complications later in the process. Without proper documentation, the money and […]

A tax-deferred exchange is a where property owner trades one or more relinquished properties for one or more replacement properties of “like-kind”. The payment of federal income taxes and some state taxes on the transaction is deferred until a later date, instead of a typical transaction where the property owner pays the taxes on any […]

The ultimate goal of estate planning is to secure a better future for generations to come. There are six simple tips that can help make your estate plan more efficient. The first tip is to define your goals you wish to accomplish with your estate plan. Secondly, gather and organize your data. Review important financial […]

Most young adults do not think about future estate planning. However, reality is that you cannot predict the future outcomes of your life, whether there is an unfortunate disability or even death, estate planning for young adults makes sense. It is unfortunate, but true that unforeseeable accidents and tragedies do happen to young adults, and […]

Estate planning for you and your family can be a stressful task. One of the main questions that come up during Estate Planning is: Do I need a Trust or a Will? Wills are generally the easier of the two to set up. Even though it is the easiest to set up, it still has […]