Category Archives: Estate Planning
What Are the Chances of Some “Long-Lost Relative” Inheriting My Assets in Tampa?
Many Floridians know their family trees, and some are able to recite relatives spanning multiple generations. However, there is always a sense of uncertainty regarding family histories. Who knows whether someone in your family has a secret child that they never told anyone about? Perhaps you lost contact with a relative who may reappear… Read More »
What Is a Generation-Skipping Trust in Tampa?
Florida residents have access to a wide range of trusts, and one option is a generation-skipping trust. Also known simply as a “GST,” this type of trust could be attractive to various families who want to protect their assets, provide for the next generation, and avoid probate. How does a generation-skipping trust work? Could… Read More »
Can Tampa Doctors Do Things Without My Permission When I’m Unconscious?
For many patients, general anesthesia is worrying because of the lack of autonomy involved. When doctors “put you under,” you will not be able to object to anything that they do. What if your doctors do things that you do not agree with during this state of unconsciousness? What kind of rights do you… Read More »
How Much Does a Trust in Tampa Cost to Administer After I’m Gone?
Many families consider trusts in Tampa, especially when one considers the complexity and costs associated with probate in Florida. However, trusts can also be complex and expensive. A resident might only consider the costs associated with establishing a trust, but one must also consider the cost of running or “administering” the trust after death…. Read More »
How to Handle Safety Deposit Boxes During Estate Planning in Tampa
The latest statistics show that although banks across the country have millions of available safety deposit boxes, they are slowly being phased out. Many lie empty, and many consumers prefer to store their important documents digitally. However, there are still many Tampa residents who store valuable physical items in their safety deposit boxes. How… Read More »
How to Handle a 401(k) During Estate Planning in Tampa
A Gallup poll found that about 60% of Americans have a retirement savings plan, such as a 401(k). These retirement plans can be incredibly powerful investment tools, but what happens to them after you pass away? Who receives your 401(k), and how should you integrate your retirement accounts into your estate plan? These are… Read More »
What Is the Last Possible Moment I Can Write a Will in Tampa?
A significant portion of elderly Americans do not even have a basic Will. While people may neglect to take this step for various reasons, some believe that they have all the time in the world. Why write a Will now when you can simply wait until the last minute? If you follow this logic,… Read More »
Lifetime Gifting Strategies in Tampa Explained
Many people in Tampa want to share their wealth with loved ones before they pass away. One potential benefit is experiencing your loved ones enjoying these gifts during your lifetime, but there are many other advantages to consider. Why should you consider lifetime gifting strategies in Tampa? How do these strategies work? Can an… Read More »
Can Advance Directives Be Verbal in Tampa?
Many Tampa residents choose advance directives to express their medical preferences ahead of time. It is generally a good idea to take this step with guidance from an estate planning lawyer in Tampa, as simple mistakes could cause issues in the future. A common question is whether advance directives can be verbal, or whether… Read More »
Revocable vs. Irrevocable Trusts in Tampa
While there are many different types of trusts in Tampa, all trusts fall into one of two categories: Irrevocable and revocable. If you’re new to the world of trusts, you may be unfamiliar with these two concepts. An experienced estate planning attorney in Tampa may be able to explain the differences between irrevocable and… Read More »