Co–authored by Kristine M. Scott, Estate Planning Associate When a parent or other family member dies, his or her relatives receive their inheritance from the deceased—or at least that’s what most people think happens. Unfortunately, family drama stands to be the...
Co–authored by Kristine M. Scott, Estate Planning Associate Whether it’s to start your kids’ portfolio early, or provide income to students already in college, parents and grandparents make gifts to their children and grandchildren more than you may think. And if...
Co-authored by Sharon L. Palmer, ACP, FRP Being named to take care of someone else’s money – whether as a trustee of a trust, as a court appointed guardian, or as an agent under someone’s durable power of attorney – can be a tremendous responsibility. It’s easy for...
Co-authored by Kristine M. Scott, Estate Planning Associate School is out, the kids are home, and you’re traveling to new places and spending time with your family. It’s summer time! While going out on the boat sounds like a good idea, try to make time to take a fresh...
Co-authored by Sharon L. Palmer, ACP, FRP A Letter of Intent is a non-legal document that is quickly becoming a popular way to summarize and/or supplement your estate plan for those you leave behind. Essentially, it’s a letter from you to your personal...
Co–authored by Kristine M. Scott, Estate Planning Associate When it comes to asset protection, there is nothing stronger than Florida’s homestead exemption. Florida’s constitution provides that your homestead is exempt from “forced sale” from any court. What does that...
Co–authored by Kristine M. Scott, Estate Planning Associate Even though the term “trust” is used frequently, few people understand the terminology and technicalities of trusts until they are faced with one. What Is a Trust? A trust is a legal relationship between two...
Co–authored by Kristine M. Scott, Estate Planning Associate Over 17 million people in the United States are actively taking care of their elderly parents, according to the Bureau of Labor Statistics. Providing that care is important—but it can be costly. One study...