If you have an elderly parent or loved one, then end-of-life care and decision-making authority may be something you are thinking about. After all, it is natural to be concerned with someone's well-being as he or she gets older and perhaps begins to show signs of mental and/or physical decline.
In Florida, in order for a trust to be deemed valid, the trust must meet certain requirements. One of these requirements is that the trust name a specific beneficiary. There are exceptions to this rule, however, and under certain circumstances, a beneficiary need not be named.
People typically do not like to think or talk about subjects like what will happen to assets and property when we are gone, or who will make decisions for us if we cannot make them ourselves. However, ignoring these subjects because they are uncomfortable will not make them go away. In fact, it could only make things more difficult.
It sounds like a great idea: a young woman is inspired to cure cancer. She is not a medical professional, but she is tech savvy. She uses this knowledge to build an app that aims to increase charitable donations -- hoping many will donate to cancer research.
The executor of an estate is the person tasked with making sure everything goes well in the event of your passing. Essentially, this person is supposed to take care of the expenses of the estate, value the assets in the estate and distribute according to the estate plan. An individual becomes an executor either by getting named so within the will or by court appointment.
This Boca Raton blog has offered its readers a variety of informative posts on different devices that individuals may include when preparing their personal estate plans. From wills to medical directives and everything in between, it can be easy for readers to make excuses for why they do not believe they need to endeavor into the seemingly complex world of estate planning.
Wills are a pillar of the estate planning world, and no estate is complete without one. With that said, wills aren't immune from a legal challenge. When facing a legal challenge, parts of the will, or even the entire will, could be thrown out.