When a person is no longer able to appropriately manage their own finances or make major life decisions on their own behalf a Florida court may determine that a guardianship or conservatorship is in order. This allows an agency or person to act as their guardian and act on behalf the incapacitated to ensure that their interests and well-being are protected.
In many instances, conservatorships are used in cases where an elderly person is no longer able to adequately care for themselves….
Structuring your estate plan can be a big headache. But while some couples reach for the Tylenol bottle, others draw up divorce papers. So how can you ensure you and your spouse or domestic partner remain close throughout the process?
Consider the type of representation that is best suited to your needs as a couple. Both joint representation and separate counsel can have distinct advantages and drawbacks depending upon the circumstances of your relationship.
Joint representation can be less expensive and efficient….
When planning for the future, many people tend to focus on asset division. However, before you will your Florida home and its contents to your son or daughter, it may be wise to factor debt into the equation.
Typically, personal debt will lie only with the borrower and cannot be passed down to children or spouses. But there are exceptions. The law varies depending upon the specific nature of the outstanding financial obligations and the state in which the decedent resided….
A new national study conducted by researchers at Ohio State University’s Center for Human Resource Research found that adults who receive an inheritance save approximately half. The remainder is spent, donated or lost.
For many retailers and others who stand to benefit from those who spend or mishandle monetary legacies, that statistic bodes well. But for others, including the author of the study, it comes as a disappointment.
Prior research has shown that over the next decade, elderly and aging Americans will pass down around $4 trillion to heirs….