Supplemental Needs Trusts (SNTs) offer financial support to individuals with special needs. This article examines the differences between 1st party vs. 3rd party supplemental needs trusts, including their benefits and drawbacks. 1st Party Supplemental Needs Trust A 1st party SNT is funded
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Financial security matters for everyone, especially for individuals with special needs. The high costs of medical care, therapies, and specialized services require a robust plan. Florida Supplemental Needs Trusts (SNTs) offer this financial security. This article will help you navigate the ins
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What Debts Are Not Forgiven at Death in Florida? When someone dies, their debts are not necessarily forgiven. In Florida, certain debts will need to be paid off by the deceased person’s estate before any assets can be distributed to their heirs.
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Estate planning is an essential process for anyone who wants to ensure that their assets are distributed according to their wishes after they pass away. It involves creating a plan that outlines how your assets will be distributed, who will take care
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Many people use the terms “will” and “estate plan” interchangeably, but in reality, they are not the same thing. While a will is an important part of an estate plan, it is only one component. In Florida, there are several key differences
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While a will is an essential document for any estate plan, there are some disadvantages that you should be aware of. A will outlines how your assets will be distributed after you pass away, but it may not be the best option
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Many of our clients ask us this question. You can find out whether you need a trust and, if so, what kind is best for you by reading on. For example, maybe you have a disabled child and you want a trust
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A trust has been set up for your friend Rose, and you have been asked to be a trustee. While you want to help, you are concerned about the responsibilities involved. You would be managing Rose’s property for her and for others
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Like 2020, 2021 has been one for the record books. For the first time ever, young Americans (aged eighteen to thirty-four) are more likely to have a will than their older counterparts (aged thirty-five to fifty-four). The COVID-19 pandemic has forced younger Americans
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