South Florida Estate Planning News
Recent Posts and Articles
Whatever Happened to “The Reading of the Will?”
Many movies and television shows have a scene where a family gathers around a big table after a relative has died to listen to the reading of the will. While this makes for a dramatic scene, one that may have been more common when literacy rates were lower, it doesn’t usually happen this way in the modern world.
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Understanding the Differences Between a Revocable Trust and an Irrevocable Trust
Trusts can be useful tools to pass assets to the next generation, protect your assets, save on estate taxes, or set aside money for a family member with special needs. The question I hear most often regarding trusts is “What is the difference between a Revocable Living Trust and an…
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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 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 So, You’ve Been Appointed Trustee of a Trust? Here Are 9 Do’s and 1 Don’t
Whether it’s an honor or a burden (or both), you have been appointed trustee of a trust. What responsibilities have been thrust upon you? How can you successfully carry them out? Here are nine do’s and one don’t to get you started: Do read the trust document. It sets out…
Read More Wealth vs. Health
I came across this great article in Forbes’ Wells Fargo Voice from last month written by Alice Lesch Kelly that I want to share: Wealth Vs. Health: Take A Balanced Approach: (Go to: Forbes for original post, mostly reproduced here). We all need balance in our lives and this article…
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