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June 2017 Archives

Leveling the Playing Field for Retirement Investors

Investors were given a great reason to cheer on June 9, 2017. New rules formally took effect which will impact the way retirement-savers deal with the large, varied group of financial professionals who seek to provide them with financial services and products. With 10,000 Baby Boomers retiring daily for the next 15 years, this is big news.

New condos are especially prone to construction defects

New condominiums are appealing to buyers for many reasons. They have the fresh sparkle of a never-been-lived-in home, but without the maintenance, yard work and landscaping responsibilities that come with a single-family home. They often include attractive amenities like pools, fitness centers and common areas. They provide the opportunity to participate in a community that has been built from the ground up. And, one would think, they're free from the costly repairs that often plague older homes.

"Nesting" - A creative approach to coparenting after divorce

Gone are the days when divorce meant the kids would spend all week with Mom and only see Dad on the occasional weekend. Today, families are free to pursue more flexible arrangements that reflect their unique needs - and promote strong relationships with both parents.

Stress and its impact on children an important consideration in child custody cases

In child custody proceedings, when both parents cannot agree on an appropriate arrangement, the task of a family court is to step in and make a decision in the best interests of the child. In making this decision, family court judges take into account a variety of factors, including the needs of the child, the ability of the parents to provide for the child’s needs, and certainly things like history of abuse, neglect, and domestic violence.

Estate planning for expectant parents

Nothing can beat the anticipation and excitement of expecting your first child. It's one of the most magical times in life. As you anxiously await your little one's arrival, you may be fretting about how best to prepare - stocking up on those adorable newborn outfits, arranging (and rearranging) the nursery, reading how-to books, brushing up on your diaper-changing skills. Yet don't forget to prepare another important aspect of your life: your estate plan.

Work with experienced attorney to properly set up, fund special needs trusts

Previously, we began looking at the topic of properly funding trusts. As we mentioned, failure to do so can result in frustration of the purpose of the trust. Proper funding can be looked at from at least two angles: funding with the right type of assets. Again, which assets are used to fund a trust depends on various factors, including how assets are held and the goals of the estate plan.

Properly funding trusts an important task in estate planning

Trusts can be useful tools in estate planning as they are very versatile and can be tailored to the needs and goals of each individual. Complicated estate plans involving tax minimization and asset protection strategies often make use of trust arrangements. Though trusts cost money to set up and administer, these costs may be worth it when compared to the potential costs of probate.  

What is the relationship between financial planning and estate planning?

Financial planning is not something everybody, or even most people, enjoy doing. This is especially the case when it comes to planning out financial matters surrounding death. The lack of financial planning around death wouldn't be such a big deal if most Americans were more or less financially prepared, but that isn't the case.

Paternity and accuracy: a brief look at how Florida law addresses paternity probabilities, P.2

Last time, we began looking at the issue of accuracy in paternity testing. As we noted, although DNA testing is considered highly accurate, it can't necessarily be considered definitive proof of paternity. Part of the reason for that is that DNA testing is always in terms of probabilities. As we noted last time, a statistical probability at or above 95 percent creates a presumption of paternity.

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