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It is not unusual for a person in Miami to include both a will and a revocable trust in their estate plan. But life changes, and sometimes, a person adds a codicil to their will or changes the terms of the revocable trust. Soon, the current will and the revocable...
When you set up an adult guardianship, you establish a legal relationship between the guardian and the ward. The ward is the person who has been declared by the court to be legally incapacitated and has lost some of their rights. In many cases, guardianship is the...
It may come as a shock to many, but most of us have not done our estate plan. In fact, according to a Caring.com survey, only about one-third of us have even done a will, but an even smaller percentage than that have an incapacity plan. However, if you are going to go...
In Florida, adults who have a sudden mental or physical disability that results in them needing to have a guardianship might have documents in place that were put in effect prior to the illness, injury or condition. Since a guardianship makes that person a ward to the...
Many people plan ahead in Miami and start their estate plans early in life. There are many reasons it is a good idea to start an estate plan early in life. One of the most important is to ensure young children are properly cared for if the parents pass away far too...
Special needs trusts (SNTs) have been a feature of informed estate planning in Florida for almost 20 years. During this period, attorneys have detected some flaws in the statutory and regulatory framework that govern SNTs. Recent changes in this legal structure by...
The older we get, the more difficult it may be to take care of ourselves. Many physical and mental health conditions make it difficult to continue to make important financial and medical decisions. That is why estate planning experts often advise Miami residents to...
An adult guardianship can be a wise choice for adults who can no longer take care of themselves and/or manage their property. It allows a trusted person to make important decisions on the vulnerable adult’s behalf. There are many situations in life that could result...
It is important to have a solid estate plan established, including a valid will that specifies how you want your property to be distributed after you die. However, the reality is that many Florida residents die without a will, which means their property must go...
Older adults sometimes develop physical and mental conditions that make it difficult for them to take care of themselves. When a person can no longer handle their own affairs, a guardianship may be the best course of action. What is a guardianship? When a person is no...