Have you ever wondered which one is right for you? A Will lets you decide how your property and assets will be distributed at the time of your death. A Trust lets you decide how you want your property and assets managed if you’re incapacitated and at your death. For some one of these tools will accomplish their goals, but often they work together to create a more comprehensive plan.
An estate plan usually focuses on tangible property like jewelry, artwork, money, and vehicles. However, in this age of technology, its important to remember to include your digital assets. Digital assets are everything we own online. Because we spend more time on computers and smartphones than ever before, you may not realize how much digital …
With our busy lives, planning for our family’s future isn’t always a top priority. The truth is, without a plan you’re leaving your kids vulnerable if something happens to you and you’re not able to care for them. How will they be cared for financially? Who will raise them if you can’t? The right Estate Plan answers these and other important questions. If you’re ready to get started, take a look at the documents you need to have in place to help you plan.
If you’re in a committed relationship but not married, you need an estate plan. Surprised?! It’s true! There is NO common law marriage in Florida. Regardless of how long you’ve been with your partner, you don’t have the rights of a married couple. If either of you die the other won’t be legally entitled to inherit anything. If you’re ever sick or injured and can’t make decisions for yourself, your partner won’t have authority to make any decisions and vice versa. That’s where an estate plan comes in. Through estate planning there are things you can do to make sure your partner inherits what you want them to inherit and that they are the ones making medical decisions for you when you can’t. After all your partner is the person who know you and your wishes best.
Why hire an attorney? DIYing your estate plan could mean invalid documents, probate, and DCF intervention. A qualified attorney will help take control of what happens if you’re not around giving you peace of mind. At IGS Legal we focus on families with young children because we understand that making sure your kids are taken care of is your top priority. Through our estate planning process, we know its not just about assets. We make sure that if you’re not around your children are safe, protected, and taken care of by someone you know and trust.
Are you ready to hit the road without your kids? Taking a trip without the kids sounds like a dream come true, but before you start packing, make sure you have a plan in place if something happens to you or your kids. In this blog article, I’ll give you some tips you need to make sure your travels are stress-free and enjoyable, so you can make the most of an adult-only adventure!
Many people think of estate planning as what happens after you die. Estate planning is much more than that. Estate planning is about planning for the future and all its unknowns. It requires you to think about and plan for things like accidents, medical emergencies, long term illnesses, and all sorts of things that could …
A will can designate guardians for minor children, instruct how your assets (house, life insurance policies, retirement accounts, investments, cryptocurrency, bank accounts, car, pets, etc.), will be distributed, and keep your family out of conflict after your death. A will is a good estate planning tool, but like trusts, whether a will is the best estate planning tool for your family depends on your unique situation. Here are some advantages and disadvantages you can consider when deciding whether a will is right for you.
What is a Revocable Living Trust? I like to think of these types of trusts as a chest where you put your stuff for safekeeping. If you’re ever incapacitated, the chest has instructions for what happens to the money, property, or whatever you put in there. If your stuff is still in the chest when …
If Obergefell is overturned, whether same-sex marriage is legal would come down to what state you live in. Florida has a Statute banning same-sex marriage. Under Obergefell this law isn’t valid. If Obergefell is overturned, Florida would no longer recognize same-sex marriages unless that law is changed.
Picking a guardian for your kids is probably going to be the hardest decision you make when you’re going through your Family Estate Planning Process. It’s tough to think you won’t be there to raise your kids so you should take the time to make a decision you’re happy with. Remember, these decisions are not set in stone. Your Family Estate Plan evolves and changes as your life evolves and changes. If you pick someone and three years from now, you’re just not as close as you used to be, you are able to change your guardian.