It is an important part of a full life to plan for the disposition of one's assets and liabilities towards the end of life. Florida's high population of aging citizens has made the state a center for estate law and other services that help people plan to disburse their property and money according to their wishes.
Earlier this year, the Florida Legislature passed House Bill 277 - the "Florida Electronic Wills Act" - which allows electronic execution of wills, including situations where the person signing the will is in one location, and the witnesses and notary are in another.
There are many strategies that can be put into place when thinking about reducing estate taxes. Taking advantage of loopholes in the law can lead to great financial gain, therefore it is important that you educate yourself on legal matters surrounding estate planning.
It starts as a blurry image, but as we rack up the birthdays, the picture becomes much clearer. We will catch the "OLD" disease. Our bodies start failing. Our mind slips. Simply put: a time in which we won't be able to make medical decisions for ourselves becomes more likely.
As you do your estate planning, your children seem generally happy with one another. There aren't any big fights or disagreements. You feel confident that they'll all be able to sort out your estate peacefully after you pass away.
You are in the prime of your life. You aren't thinking about death, and you probably don't want to either. You don't want to think about what happens after you die or imagine leaving loved ones.
When you buy life insurance, you can pick a beneficiary. If you pass away, the policy then pays out to your beneficiary.
If you are a baby boomer and feel as if millennials are from another planet, chances are you are not alone. After all, many millennials are unattached (or not necessarily interested) in organized politics or religion. They gravitate more towards causes forged through social media and are more likely burdened by student loan debt.
When you start your estate planning, people will often tell you that you should consider what assets you have. That's true, and it's a fine place to begin.
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.