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Important Things Not To Overlook When Preparing A Will

Many people overlook writing a will until something comes up in their life, and when they do write a will, they may forget to include some things. Will & estate planning firms in Miami have the utmost expertise in preparing a will, and they often tell clients when something important has been overlooked. Here are some of the most important things lawyers for will and estate planning in Miami say not to overlook when preparing a will, which can help your loved ones avoid a will contest in Miami down the road. 1. Ensure the Executor of the Will Knows Where It Is Stored One of the most common things that will and estate planning lawyers in Miami come across is a family that cannot find the will after their loved one has passed away. If your will cannot be found, it may as well have not been written at all. If a will has gone missing as a result of a fire, flood, or other disasters, the probate court may accept a photocopied form of the will. If the will simply cannot be found, co
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Guardianships and Conservatorships Can Help Protect Loved Ones

In certain situations, guardianships and conservatorships should be taken into consideration in order to protect your loved ones. This may be a difficult situation for some but there are some cases where you're wanting to take care of a family member and you have no other choice than to include guardianships and conservatorships. Now, you may be wondering what guardianships and conservatorships are and if that’s the case then you’ve come to the right place! Make sure to stick around for reasoning behind guardianship litigation and conservatorships that you can find in Miami because you never know when you might need the information to help your loved ones! What’s The Purpose of Guardianships? To begin with, you may be wondering what's all involved with both guardianship and conservatorship and how it can actually protect family members and the ones you love most. Well, right off the bat, guardianships are considered to be a legal relationship that's formed when either a

Strategies To Consider for Year-End Tax Planning

It's no secret, COVID-19 has created a huge emotional and physical toll on most of us, all over the world. When it comes to the financial aspect, COVID-19 has hit hard on finances throughout the year considering there have been problems with the economy, unpredictable market swings, and many other financial difficulties that have occurred. You may be interested in finding out what strategies to consider before the year-end tax planning which is part of estate planning in Miami and what to keep in mind so you're fully prepared in case of emergencies where something unannounced happens again due to the pandemic. You can never be too prepared when it comes to strange and challenging times. So, it will be helpful to take note that year-end tax planning goes hand in hand with trusts, planning, drafting, and an administration that you can find in Miami. While estate planning, you might want to discuss creating a living trust along with anything else related to estate planning with

What is Estate Planning and Why Do You Need it?

Are you interested in knowing what estate planning is and why in the world would you need such a thing? Or are you just curious about what's involved in estate planning? If you said yes to either one of these then it may be a good idea to stick around to read more about the importance of estate planning. Everyone deserves to feel confident in their financial future and that's why estate planning can give you that confidence that you've always been wanting when it comes to your finances. But, don't worry if you find yourself feeling overwhelmed, a trust and real estate planning law firm may be able to guide you through the process and provide new insight on how estate planning can be useful to you. However, would you like to know what estate planning is and how it can benefit you? Well, estate planning is considered to be a way of preparing for someone’s valuables and assets in case of an injury where they're incapable of taking care of themselves or death occurs.

Who Needs an Estate Plan? You Do!

Have you ever been curious about whether or not you need an estate plan and if it's really crucial to have one? Well, the answer to that is that having an estate plan can really help you and benefit you for multiple reasons. Estate planning and even elder estate planning in Miami, allows you to be fully prepared for anything that comes your way and that's why you should have knowledge of how important it is to have one. Now first off, you may be wondering what is an estate plan just so you have a better understanding of what it is, just in case you're interested in pursuing the process of getting an estate plan. So that being said, you may want to stick around to see if any of this could be beneficial for not only you but anyone else that may be curious about estate planning. Additionally, elder law estate planning that can be located in Miami is also a service that is geared more towards the middle class which can be recognized that they might not think they need to get

Why Planning for Incapacity is Essential

While nobody wants to think that one day they may become incapacitated, it is still a possibility that needs to be planned for. Mental incapacity can be caused by an injury or illness, leaving you unable to make informed decisions about your health, future, and finances. In this post, you will learn about estate and trust planning, and why it is essential. What Happens Without an Incapacity Plan? Incapacity can be temporary or permanent. During this time, you will be unable to conduct business. You may think, But I have a will. While having a will is important, it can only deal with what happens after you die. If you become incapacitated without a formal plan in place, a probate court will decide who assumes the responsibility for your health and finances. Before incapacitation, you may have an idea of who you want to manage your assets- a partner, child, sibling, or friend- but the court will not know this and have to make an independent decision. This asset manager will be in

How to Plan Your Estate During Tough Times

The Covid-19 pandemic has created a lot of stress among people all across the world. It has created many unwanted fears, the fear of illness, losing your job, a family member, or your estate. While all of these fears are on your mind, it is beneficial to consult an estate and probate planning law firm in your area to help put your mind at ease. Many people that do not have underlying health conditions often don’t think about having an estate plan. But the truth is planning that your estate is in good hands is something everyone should do. Since the pandemic, now may be the time that you come up with a plan. Elder Law Planning and Estate Planning Elder Law estate planning works to maintain and protect your income and assets for you to use while you are still alive. This could be allocating funds to use if you are receiving at-home care or thinking about entering a nursing facility. Upon contrary belief, estate planning and probate does not need to start when someone is elderly or re