It can become confusing when a loved one becomes incapacitated and can no longer take care of himself or herself. Many times this will require a court-appointed conservatorship over the person. However, this can also cause a legal dispute over who should be granted the conservatorship over the incapacitated individual in Florida or in any other state. This seems to be the situation with Casey Kasem.
Kasem is best remembered as a former radio personality. However, he is now suffering from the advanced stages of Parkinson’s disease for which he is currently hospitalized….
When parents plan their estate, they usually want to make sure their children receive most of their important assets, such as any real estate they may own. Some may ensure this by putting the title of the family home in their adult child’s name. However, estate planning may not be quite this simple in Florida or in any other state. Parents who put their adult child’s name on the title of their home may inadvertently cause unnecessary problems for their heirs….
Recently passed legislation has made planning an estate significantly simpler by making permanent the current exemption limit on the inheritance tax. Lawmakers established the exemption limit at $5.25 million per individual. By passing this estate planning law, Congress avoided having an automatic lowering of the exemption limit which was required by the previously effective law. This could have had a significant effect on many looking to plan an estate in Florida or in any other state.
Many estate planning professionals have expressed relief at the increase in certainty regarding the inheritance tax exemption limit….
People should not procrastinate when it comes to planning an estate. One never knows when something unfortunate could happen in Florida or in any other state. Creating an effective estate plan requires choosing the correct legal instruments which will accomplish one’s estate planning goals. It is also essential that one’s estate plan addresses not only when a person dies, but also when he or she is incapacitated.
Creating a will or trust will ensure that one’s assets are distributed as a person wishes to his or her intended heirs….