It is not uncommon today for a person in Florida to be married two or more times in their life. Whether due to divorce or death, many people go on to find happiness again with a new spouse. While that experience can bring great joy into a person's life, it can also bring new complexities with it. If you are in a remarriage, especially with children on both sides, you will know this firsthand.
If you have a favorite outfit you want to be buried in, a specific phrase in mind for your headstone or you do not want to be buried at all, it is a good idea to state these wishes in your will. Like many Florida residents, you may balk at the thought of planning your own funeral. However, there are many good reasons to do so.
Residents in Florida might want to believe that their family members would not become embroiled in an all-out battle over their inheritances but that is not a safe assumption. The more effectively a person can outline their wishes in a solid estate plan, the better. On top of that, proactive communication with all potential heirs is a must.
As your parents age, you may start to get worried about them falling victim to scams and predatory tactics aimed at older people. At the Law Offices of Frye & Vazquez, P.L., we understand that age-related cognitive disorders and other issues can make Florida senior citizens vulnerable to unscrupulous people.
Like most people, you may have heard the joke about erasing one's online search history if one were to die. However, the information stored in your computer and cellphone is no laughing matter if you have important financial data that could potentially affect your loved ones' inheritance if they cannot access it. You and other Florida residents may be interested in learning about how to manage your passwords for the purposes of estate planning.
If you have become the executor of someone's Florida estate, you likely have many questions. The probate process can be intimidating and challenging, especially if it represents your first court experience.
If you, your spouse or both of you are not residents of the United States, you already know that numerous aspects of life can be complicated. This is especially true when it comes to financial matters. You may be worried about planning your estate if one of you is a non-U.S. citizen. What happens to the property if the U.S. citizen dies first? You and other Florida residents may be interested in learning about this area of estate planning.
Perhaps you have a great deal of credit card debt or you are still making regular mortgage payments. In your later years, you may also have accrued significant medical debt. You know that you will not be able to repay all of your debt before you die. Like other Florida residents in the same position, you may be worried about whether your children will be required to pay off the debt you accrued during your lifetime.
An important part of planning your estate is creating a last will and testament. This critical document is comprised of how you would like your estate handled and what you would like to happen to your assets and property after you pass. It can be difficult and overwhelming to think of such things as you are drafting your will. However, you can prepare yourself by researching what types of questions you will need to answer, as well as what will be included in the will.