The potential benefits of an estate plan https://bit.ly/30lfc0x
Issues when an executor dies https://bit.ly/32Er13G
Estate planning basics everyone should know https://bit.ly/2Z556Af
The differences between wills and living wills https://bit.ly/3k4Mskg
The differences between wills and living wills https://bit.ly/3k4Mskg
Estate planning basics everyone should know https://bit.ly/2Z556Af
There may be some extra rules that don't affect physical goods.
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How Does Digital Property Fit In The Estate Plan?
The importance of an updated estate plan when remarrying https://bit.ly/2SVmt3g
Can account beneficiaries override your will? https://bit.ly/34CrxzZ
Understanding the process of a commercial real estate disposition https://bit.ly/2JWInBP
Understanding the process of a commercial real estate disposition https://bit.ly/2VTkSfy
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Boca Raton Estate Planning Lawyer | Business Law & Probate
Is DIY estate planning a good idea?:
Planning your will in Florida allows you the opportunity to make sure things go smoothly for your family members after you pass. An improperly or incorrectly executed will could end up failing to achieve your goal of having your wishes followed.
What is DIY estate planning?
Do-it-yourself, or DIY estate planning has become more popular in recent years due to its lower cost. A DIY will is created entirely online by the person who is creating his or her last will and testament. While it might be tempting to go this route, there are several potential dangers of DIY estate planning to be aware of.
The biggest issue with a DIY will is that simple mistakes in wording can lead to major hassles for your family down the road. For example, if you name your children as beneficiaries in your DIY will, you might automatically assume that they'll outlive you. If you use a DIY planning document and fail to ask yourself several "what if" scenarios such as what if your child or spouse passes before you do, it could lead to much confusion for surviving family members.
Another risk of DIY estate planning is a lack of thorough understanding of how the legal process works upon one's death or incapacity. The entire purpose of estate planning is to prevent conflict with your family in the future. DIY planning can fail to achieve this purpose and even make matters much worse and more costly for your loved ones. A worst-case scenario is that major mistakes won't be discovered until it's too late, and your family will be left to deal with the aftermath.
When should you think about estate planning?
You've worked hard for your possessions, and now is the right time to think about estate planning. For assistance with basic estate planning, consider consulting with an attorney.
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Is DIY estate planning a good idea? | Peter J. Snyder, P.A.
Reasons why your estate might be subject to probate: If you are a Florida resident when you die and own any property in your own name without naming a beneficiary, your estate will be subject to administration, also known as probate. This is generally true whether you die with or without a valid will. A probate proceeding may also need to be initiated if you own real estate with another person. However, probate may be avoided by owing property in a revocable living trust.
What happens during a probate proceeding?
The overall goal of probate is to transfer assets from your estate to beneficiaries as directed in your will or in accordance with state intestacy laws. State intestacy laws will also likely determine who gets your property if your will is found to be invalid.
What happens if a beneficiary dies before you do?
In most cases, you must name your spouse as the beneficiary of a 401(k). If they were to die before you do, the asset would go back into your estate, assuming that there were no alternate beneficiaries with claim to it.
Ownership rights to a home can be passed through a will or trust
If a home is titled as a tenancy in common, your ownership interest in that property isn't necessarily acquired by the other owner or owners. Instead, you have the option of passing it to an adult child or anyone else who is legally allowed to receive and own property. In the event that the ownership interest is placed in a trust, there would be no need for probate as it is not being held in your estate.
A probate administration attorney may help you learn more about what the process entails. This attorney might review your will or other estate plan documents to determine if they adhere to state law. He or she may also answer any questions that your estate representative has about how to settle your affairs in a timely manner. https://bit.ly/3aDS97o
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Reasons why your estate might be subject to probate | Peter J. Snyder, P.A.
How does the probate process work?
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Will My Estate Pass Through Probate?
