An IRA can be a very valuable investment vehicle for retirement, but many people in Florida make the mistake of not having a beneficiary named. When no beneficiary is listed, the funds from an IRA go directly into the person's estate upon death, and this can...
Estate Planning
The truth about estate planning
It is critical for Florida residents and others to have an estate plan regardless of how old they are or how much money they have. Many people believe that estate planning is only something that they have to do if they have a high net worth. However, the truth is that...
Wills and benefits
Many Florida residents mistakenly believe their estate plan is complete once they execute a last will and testament. After all, they met with their attorney on one or more occasions and made sure their will contains the necessary provisions and the proper...
Reviewing your estate plan
Many people living in Florida have outdated estate plans. This means that while they may have a plan in place, it could be missing components or its documents might contain information that is no longer relevant or appropriate. Unfortunately, these estate plans are...
Estate planning for collectors
Many people living in Florida understand the importance of estate planning. These individuals work with their attorneys to write wills, ensure that their retirement plan beneficiaries are up to date and have discussed their end-of-life wishes and documents with family...
Why everyone needs a living will
When you hear about estate planning, you may assume it is only for old and/or wealthy people. However, this cannot be further from the truth. Every adult should create an estate plan – especially a living will. A living will is a document you should have whether...
There is a lot to learn from Lee Radziwill’s estate plan
Those who live or own property in Florida may be able to learn a lot from the estate plan of Lee Radziwill. Her plan had both a will and a series of trusts to make it easy to pass property to future generations. The latest copy of her will was created in 2018, and the...
Estate planning tips for kids with special needs
Estate planning is important for Florida residents. It can take on an even more significant role if a person has a special needs child to take care of. Parents should look into what types of benefits a child may entitled to and the level of care that he or she will...
These are the estate planning issues to watch for
Concerns about the stock market and tax reform are among the estate planning issues Florida residents could be worried about. However, family infighting is the top issue that respondents to a TD Wealth survey cited when it comes to estate planning. This is likely...
Trusts for beneficiaries with substance abuse problems
Some estate owners in Florida may have intended heirs who are addicted to alcohol or opioids. When creating an estate plan, this type of situation can present many complications. However, certain trust provisions can provide a range of solutions. Using a trust for...