Young Adults and Estate Planning: Grasping the Basics Sooner

August 10, 2020

Young adults in their 20s and 30s who are interested in finding out more about estate planning in Florida are setting themselves up for a secure future for their families and themselves. By getting his or her affairs in order at an early age, an individual is more likely to be prepared for both the inevitable and unpredictable. Here is some information about the basics of estate planning.


Durable power of attorney is a document that gives a family member or a third party the ability to make decisions on behalf of an individual in case he or she becomes incapacitated in some manner. Businesspeople set this up when they travel, for example. While they are abroad, their assigned representatives have the power to complete transactions on their behalf.


A living will is a document that gives a family member or a third party the power to make medical decisions on behalf of someone in case he or she becomes incapacitated. This is commonly used when individuals are in a coma for an extended period.


A will is the foundation document of estate planning. This is the set of instructions that an individual leaves behind. It tells the executor how to disperse the assets left behind. It also appoints a guardian for any minor children. A revocable trust is not needed by everyone. To find out if you do, you are encouraged to speak with a legal professional who specializes in estate planning.


For more information about planning your estate, a legal professional is a great source. Some estates are more complicated than others. The size of the assets is going to determine how much paperwork is going to be necessary. Business owners, for example, also have to think about succession planning. There are insurance and tax concerns to go over. Young adults have the time to complete this process in steps.

Title Disputes: When One Party Doesn’t Want to Sell

December 7, 2022
If you co-own a property and want to sell, but the other party doesn’t, you may wonder what your legal options are. The situation is quite common. When co-owners do not agree on the sale of the property, they may feel that litigation is the only option to resolve the dispute. However, that is not correct.

Necessary Inclusions in a Real Estate Contract

March 31, 2021
Real estate purchasers in Florida are often at a loss for understanding what conditions of the sale should be established in writing and included in the deal. Real estate transfers can appear as relatively simple transactions, but the truth is that they can be very complicated when misunderstandings exist between contracting agents. Although there are multiple details that should be included, there are three primary components that must be spelled out in writing for all parties.

Who Can Be a Trustee in Florida?

March 3, 2021
Trusts can be a great tool for estate planning. In a trust, one party puts assets into an instrument that a trustee manages. This individual looks after the funds until they pass to a beneficiary. In Florida, almost anyone can be a trustee as long as he or she is an adult of sound mind. A corporation, like a bank, can also act as a trustee. So can a professional, like a lawyer. In some cases, testators choose a family member or friend to be a trustee.

When Can You Contest a Will?

March 3, 2021
Your loved one’s will in Florida doesn’t have to be the last word on their estate. You can’t contest the will because you don’t like the outcome, but you could contest the will if you suspect that it’s not legally binding. A judge might use an earlier version of the will or distribute your loved one’s assets according to state law instead.

Best Time of Year to Sell a Home in Florida

February 8, 2021
Many people looking to sell their home falsely believe that they have a short window to do so each year. However, sellers in Florida should inform themselves of the benefits of marketing their home during every season.

Commercial Real Estate Investing in Boca Raton, FL

January 14, 2021
Commercial real estate also referred to as CRE, has recently become a more popular choice among real estate investors thanks to its growth potential and ability to provide passive income. If you are considering investing in CRE in Boca Raton, Florida, there are certain things you should know before you begin your career as a real estate investor.

The Drawbacks to A Do-It-Yourself Estate Plan

December 30, 2020
People in Florida who are wondering whether they should simply write their own will or estate plan without seeking legal assistance should keep in mind that not everything that is permissible is necessarily a good idea. Preparing a do-it-yourself estate plan might be one of those things.

Reasons Why Your Estate Might Be Subject to Probate

December 22, 2020
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 owning property in a revocable living trust.

Is DIY Estate Planning a Good Idea?

December 15, 2020
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.

Understanding the Process of A Commercial Real Estate Disposition

November 11, 2020
There are many moving parts within the commercial aspect of Florida real estate. Some aspects can be used to improve a home’s value while others allow the owner to utilize the property for the pursuit of a business venture. Of these includes the disposition of real estate. This is when you liquidate property to obtain additional cash. The following includes further information on this term as well as tips on how to properly navigate it to ensure the best results possible.