South Florida Estate Planning News
Recent Posts and Articles
3 Common Medicare Questions
1: When should you enroll in Part B? The magic age is 65! Even if you haven’t retired yet, you need to sign up during a seven-month initial enrollment period, which begins three months before you turn 65 and concludes three months after your birthday month. An exception allowing the…
Read More When Inheriting Property, Consider Your Options
Inheriting property from your parents is either a blessing or a burden — or a little bit of both. Figuring out what to do with the property can be overwhelming, so it is good to carefully think through all of your choices. There are three main options when you inherit…
Read More Five Estate Planning Myths
There are lots of misconceptions about estate planning, and any one of them can result in costly mistakes. Understanding who needs an estate plan and what it should cover is key to creating a plan that is right for you. A properly crafted estate plan allows you, while you are…
Read More Does Your Will Name an Alternate Beneficiary?
What will happen to your estate if your primary beneficiary does not survive you? If your will does not name an alternate beneficiary, your estate will be divided according to state law. The way the state divides your estate may not agree with your wishes. Your money may go to…
Read More Updating Your Estate Plan When Your Finances Change
Sometimes homes and portfolios lose value or income and investments increase significantly. If this is the case for you, do you need to change your will? If your finances have changed markedly since you wrote your will, you should check your estate plan to see if you need to make…
Read More What Is the Difference Between a Living Will and a Do-Not-Resuscitate Order?
It is a very good idea to create advance directives in order to plan for the possibility that you may one day be unable to make your own medical decisions. In doing so, there can be confusion about the difference between a living will and a “do-not-resuscitate” order (DNR). While…
Read More Discovery of Aretha Franklin’s Handwritten Wills Throws Her Estate Into Turmoil
Legendary singer Aretha Franklin was thought to have died without a will, but the recent discovery of handwritten documents in her home is calling that into question. A representative of her estate has asked a Michigan probate court to determine if any of the documents could be considered a valid…
Read More Warning: you must have a Power of Attorney!
Imagine if tomorrow you were in a car accident or overcome by an illness and unable to communicate… What would your family do? I have sat on the edge of too many hospital and/or rehab beds dealing with distraught family members. You must have someone (with alternates) to call your…
Read More What am I forgetting?
So much is being said in the news about dementia that I thought we should discuss why being occasionally forgetful is not such a concern. To the contrary, our memory may not always be so important. A recent article explains how forgetting is actually useful. By forgetting information that is…
Read More Maximizing Social Security Survivor’s Benefits
Social Security survivor’s benefits provide a safety net to widows and widowers. But to get the most out of the benefit, you need to know the right time to claim. While you can claim survivor’s benefits as early as age 60, if you claim benefits before your full retirement age,…
Read MoreGet The Ultimate Life Organizer
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