David Howard Goldberg, P.L.

September 2019 Archives

Wills are important but state laws differ

A will is a legal document that describes the maker's wishes for how to distribute any assets after death. A will can also include other instructions that may guide one's family in making critical decisions for the departed. Without wills, many families find themselves in conflict with one another as they struggle to determine the best way to handle the estate.

Estate planning tools to help with sibling rivalry

Having kids can bring great joy to any Florida resident's life. Of course, siblings do not always get along, and in many cases, parents can find themselves at their wits' end as they try to find ways to make everyone happy. You may have tried to do this for the entirety of your children's lives, but even now as adults, they continue to squabble.

Trust administration can be more complex than many expect

An important part of a complete estate plan is a revocable living trust. Property in a trust may bypass probate, allowing for distribution of a Florida estate's assets much quicker than if the deceased had only a will or no plan at all. However, this implies that the trustmaker, or grantor, correctly prepared and appropriately funded the trust as well as following other important steps. It is still possible that trust administration can take as long as probate.

Trusts can have more flexibility than some people think

Life commonly has unexpected elements, and it can be difficult to plan ahead knowing that anything is possible. Still, it is important that Florida residents try to account for their end-of-life wishes through estate planning. Fortunately, when individuals use trusts, they have options for accounting for the possibility of the unexpected.

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