Planning your estate is more than drafting a trust or will. In fact, there are several essentials you need in place. Below are 5 important things to prepare when it comes to planning your estate. A Letter of Instruction This is a letter for people to read when you pass. It should include information such [...]
Everybody should have some sort of estate plan. But it’s something that should be tailored to your needs. Below, we’ve outlined the most important elements to add to your estate planning. Use it as a checklist when you’re ready to make your plans. Choose a Guardian for Minors As a parent, your children are your [...]
When it comes to planning your estate, the conversations can be daunting. But they’re important to protect your future as well as your loved ones. While it’s not easy to predict the future, putting time into your estate planning can save relationships, resources, and ensure you leave a lasting legacy. Essential Florida Estate Planning Documents [...]
When you pass on, a probate judge appoints an executor to your will. It’s normally someone you’ve already nominated, but the judge has the final say as to who will act during the probate process. Beside an executor’s personal obligations toward you, he or she has a legal responsibility to your estate, beneficiaries, and creditors. [...]
A power of attorney (POA) is a legally binding document that someone designates to someone else, called the agent. The purpose is for the agent to act on the persons’ behalf to make decisions on certain important matters. Different Types of Power of Attorney There are a few different types of power of attorney, and [...]
When you create a valid will, you get the opportunity to give your property to whomever you wish. There are a few limitations. For instance, if you die without a will, your surviving spouse must share the property with your children. With a will, you can choose to leave your property to your spouse entirely. [...]
As a parent, you’ve probably thought about what will happen to your child should you no longer be able to care for them or yourself. But have you considered a pre-need guardian? Having a pre-need guardianship document drawn up in the event of something affecting yourself and your property is an important parenting step. It’s [...]
Estate Planning is not on any individual’s or couple’s list for date night or fun activities. And yet planning your estate is crucial to your life, no matter what your age or financial status. At Principal Law, we believe the process of estate planning is like creating a love letter to the family and friends [...]
