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December 2012 Archives

Trusts: Gifts that can keep on giving

During this holiday season families in Miami and throughout Florida will be coming together to spend time with loved ones. As people take time to consider how they want to show their appreciation for others, it may be a great opportunity to consider how setting up a trust will allow that effort to continue years after your passing.

Woman inherits millions from long-lost cousin

While family members commonly receive inheritances from parents or grandparents, fewer Florida residents have likely received a significant inheritance from a long-lost relative. A California woman was likely very surprised to learn of the inheritance she would receive from her cousin. This woman was reportedly the "only living heir" of her first cousin who apparently collected a significant amount of wealth throughout his life.

Establishing power of attorney for a parent

Watching one's parents get older can be challenging, as many Floridians probably know. It can be especially difficult if they lose the ability to manage their own finances and legal matters on their own. One woman, whose mother was diagnosed with Alzheimer's, learned through first-hand experience what details need to be arranged before a parent loses the ability to make decisions for him or herself.

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