The list of things you need to do after someone dies can seem endless, especially during a time when you are also grieving. Having a checklist of specific tasks may make this difficult time less stressful. This is because you will be able to see what has been accomplished, and what is yet to come. Here are a few suggestions.
https://welch.law/what-needs-to-happen-after-a-spouse-dies/
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What Needs to Happen after a Spouse Dies? | Welch Law, PLLC
Estate planning is a systematic method that manages the personal and financial matters of a person in case of death. The legal document for the necessary plan for death is called the Last Will and Testament, which includes the set of instructions for the condition and distribution of the estates.
To make sure your plan is proper and legal, consult an experienced Palm Beach Gardens estate planning attorney. Work with a lawyer who understands your needs, has years of experience and knows Florida law.
https://welch.law/how-do-i-find-a-good-palm-beach-gardens-estate-planning-attorney/
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How Do I Find a Good Palm Beach Gardens Estate Planning Attorney? | Welch Law, PLLC
As part of your estate planning, don’t forget to consider a power of attorney. A Florida power of attorney is important because your agent can act, if you become incapacitated.
https://welch.law/what-are-my-florida-power-of-attorney-options/
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What are My Florida Power of Attorney Options? | Welch Law, PLLC
Part of estate planning includes helping with the ever-escalating costs of education for children and grandchildren.
https://welch.law/how-can-i-help-with-my-grandchilds-college-tuition/
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How Can I Help with My Grandchild’s College Tuition? | Welch Law, PLLC
Start your estate planning with a Florida will, which is just one piece of an “estate plan.” Creating a plan for your assets helps make certain that your wishes will be carried out upon your death and that family grumbling doesn’t escalate into destroyed relationships. Here are some additional things about estate planning you should know.
https://welch.law/do-i-need-more-than-a-florida-will/
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Do I Need More Than a Florida Will? | Welch Law, PLLC
Despite many attempts at repeal over the years, the modern U.S. Estate Tax has been in place since September 8, 1916. Each U.S. citizen and resident alien is entitled to a lifetime exemption from the federal Gift/Estate Tax called the Applicable Exclusion Amount.
https://welch.law/gifting-can-help-estate-plans-and-heirs-reach-goals/
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Gifting Can Help Estate Plans and Heirs Reach Goals | Welch Law, PLLC
September is the most common birth month of the year. It’s also a good time for new parents to think about the financial side of their parental responsibilities.
https://welch.law/mistakes-new-parents-make-with-money/
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Mistakes New Parents Make with Money | Welch Law, PLLC
Only you know the strengths and weaknesses of your family members, putting you in the best position to decide if your spouse or your child can appreciate a trustee’s responsibilities.
https://welch.law/how-to-choose-a-florida-trustee/
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How to Choose a Florida Trustee | Welch Law, PLLC
For most of us, considering the distribution of the property we have accumulated over our lives is a painful reminder of our mortality.
https://welch.law/can-you-distribute-unequal-amounts-of-an-inheritance-in-an-estate-plan/
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Can You Distribute Unequal Amounts of an Inheritance in a Florida Estate Plan? | Welch Law, PLLC
The availability of long-term care insurance policies is continuing to decline, even as the need for such care is growing, an interagency task force led by the Treasury Department has said.
https://welch.law/whats-the-latest-trend-in-long-term-care-insurance/
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What’s the Latest Trend in Long-Term Care Insurance? | Welch Law, PLLC
Unfortunately, due to hidden resentments, siblings still tend to end up in court suing each other and losing great chunks of their inheritance in the process all too frequently.
https://welch.law/how-can-siblings-settle-disputes-over-a-florida-estate/
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How Can Siblings Settle Disputes over a Florida Estate? | Welch Law, PLLC
Tenancy by the entirety, commonly abbreviated as TBE, is an ownership structure for real estate that’s used when the owners are a married couple. Under a TBE arrangement, each spouse owns an equal interest in the property, and the property will transfer seamlessly to the surviving spouse, in the event of one spouse’s death.
https://welch.law/what-does-tenancy-by-the-entirety-mean-in-florida-estate-planning/
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What Does Tenancy by the Entirety Mean in Florida Estate Planning? | Welch Law, PLLC
Second (or third or fourth) marriages often require careful balancing between the needs of the surviving spouse and the needs of the children from a previous marriage. Full disclosure of each other’s assets, overall estate planning goals and plans for protecting assets from the cost of long-term care should happen before getting married.
https://welch.law/estate-planning-for-a-second-marriage-and-blended-family/
Estate Planning for a Second Marriage and Blended Family | Welch Law, PLLC
Seniors with limited income need to find ways to lower their medical costs. Here are some options for keeping those healthcare bills in check.
https://welch.law/whats-the-key-to-saving-money-in-retirement/
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What’s the Key to Saving Money in Retirement? | Welch Law, PLLC
Most states recognize inheritances as separate property, and many experts say keeping them separate is often the best approach. Spouses may disagree with how assets should be used, or if an inheritance should be set aside for children from a prior marriage. The question of what happens to the inheritance in the case of death or divorce also needs to be addressed.
https://welch.law/can-an-inheritance-lead-to-trouble-for-marriages/
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Can an Inheritance Lead to Trouble for Marriages? | Welch Law, PLLC
It’s difficult to go a few hours without interacting with a digital account. Whether that is email, online banking or social media, many daily tasks involve digital informational storage. One of the challenges facing estate plans today is a new class of assets, known as digital property or digital assets. When a person dies, what happens to their electronic lives?
https://welch.law/does-your-estate-plan-include-digital-asset-protection/
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Does Your Estate Plan Include Digital Asset Protection? | Welch Law, PLLC
Estate planning is the process of transferring the management of your assets, if and when you are unable to manage them yourself due to disability or death. Whether you have $100 or $100 million you should have an estate plan.
https://welch.law/does-my-estate-plan-need-an-audit/
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Does My Estate Plan Need an Audit? | Welch Law, PLLC
Most people wish to have more control over who and how their assets are managed than what the state laws provide, and so they draft documents that can override the Laws of Intestacy, when those laws do not match their objectives.
https://welch.law/reviewing-your-estate-plan-protects-goals-family/
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Reviewing Your Estate Plan Protects Goals, Family | Welch Law, PLLC
Today’s Florida estate plan needs to expressly declare an “agent” or a “fiduciary” to gain access and control of “digital assets” in case of incapacity or death. If your Florida estate plan has not been updated in the last four or five years, it’s likely that your digital assets are unprotected.
https://welch.law/make-sure-your-florida-estate-plan-protects-digital-assets/
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Make Sure Your Florida Estate Plan Protects Digital Assets | Welch Law, PLLC
A trustee is a manager of assets in a trust. The grantor creates the trust and appoints the trustee. A trustee has a ‘fiduciary duty’ to serve the grantor and not benefit personally.
https://welch.law/what-are-the-responsibilities-of-a-trustee/
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What are the Responsibilities of a Trustee? | Welch Law, PLLC
If you are the parent of a person with special needs, you are well aware that the role you play is very different than it may be for other children. Properly planning to meet their financial needs, both in the immediate and long term, is a critical part of supporting your child. This support must often continue well past the typical age of adulthood, which means parents need to put in place financial tools to care for their children, in the event of the parents’ death.
https://welch.law/who-needs-a-special-needs-trust/
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Who Needs a Special Needs Trust? | Welch Law, PLLC
The death of your spouse is a period of unimaginable grief. Unfortunately, there are many legal and financial obligations that will not wait.
https://welch.law/what-do-i-need-to-do-after-the-death-of-my-spouse/
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What Do I Need to Do after the Death of My Spouse? | Welch Law, PLLC
Are you among the millions of workers who have fallen behind on retirement savings? Here are a few suggestions:
https://welch.law/what-can-i-do-to-catch-up-on-retirement-savings/
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What Can I Do to Catch Up on Retirement Savings? | Welch Law, PLLC
Moving elderly parents into your home can bring daunting challenges and unexpected closeness. Over the past 20 years, parents living with their adult children has become increasingly common.
https://welch.law/what-should-i-remember-when-my-parents-move-in-with-me/
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What Should I Remember when My Parents Move in with Me? | Welch Law, PLLC
What happens to all your digital accounts, services and property after you die? The official name for all these is a Digital Estate Plan. With the lines increasingly blurred between our on-and off-line lives, it’s more important than ever to have a plan for your digital holdings.
https://welch.law/it-is-important-to-have-a-digital-estate-plan/
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It Is Important to have a Digital Estate Plan | Welch Law, PLLC
Usually when asked to be the executor of a family member’s estate, the person feels honored and trusted. It’s a big responsibility, since the executor will be tasked with carrying out a loved one’s final wishes.
https://welch.law/how-do-i-settle-an-estate-if-im-named-executor/
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How do I Settle an Estate if I’m Named Executor? | Welch Law, PLLC
Given the expectation the Biden administration will roll back some of Trump’s favorable policies of the past four years, tax consultants and accountants are already hard at work. But for HNW women, dealing with election fallout is minor, compared to the bigger fish they have been frying in the tax pan for decades.
https://welch.law/wealthy-women-face-challenges-in-tax-and-estate-planning/
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Wealthy Women Face Challenges in Estate Planning | Welch Law, PLLC
You’re closing in on retirement, but you’re not there yet. Are you on track?
https://welch.law/can-you-answer-key-retirement-questions/
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Can You Answer Key Retirement Questions? | Welch Law, PLLC
Can an owner of a timeshare will the timeshare back to the timeshare corporation and does the corporation have to accept it?
https://welch.law/do-i-assume-my-parents-timeshare-when-they-die/
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Do I Assume My Parents’ Timeshare when They Die? | Welch Law, PLLC
Early in 2021, you should communicate with your advisers and review several items about your 2020 planning, if that planning is to have any likelihood of succeeding.
https://welch.law/your-estate-planning-checklist-for-2021/
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Your Estate Planning Checklist for 2021 | Welch Law, PLLC
