by Monique | Sep 27, 2024 | Estate Planning, Estate Planning for Parents, Transferring Wealth to the Next Generation
An afterborn child is a child who was conceived before the death of the parent, but who was born after their death. According to Fla. Stat. § 732.106, afterborn children inherit from the estate of their deceased parent as if they were born during the decedent’s...
by Monique | Aug 28, 2024 | Estate Planning, Estate Planning for Parents
Adoption has become more common over the years, causing the law to adapt to these new circumstances. How an adopted child inherits from a deceased parent who had no will is defined in Fla. Stat. § 732.108(1). Sub-section (1) of the statute states that adopted...
by Monique | Jan 6, 2021 | Estate Planning, Estate Planning for Parents, Transferring Wealth to the Next Generation
According to the CDC, approximately 46% of children in Florida are born to unwed mothers. In Florida, a child born out of wedlock may face problems inheriting from their biological father’s estate when their father passes away. Even if the child had a great...
by Monique | Nov 25, 2020 | Avoiding Probate, Estate Planning, Estate Planning for Parents, Transferring Wealth to the Next Generation
An enhanced life estate deed, also known as a ladybird deed, is an effective way to transfer real property on the death of the owner without going through probate or using a revocable trust. This allows a property owner to retain lifetime ownership of their...
by Monique | Jul 1, 2020 | Estate Planning for Parents
Traveling and working parents may wish to nominate a responsible individual to make medical decisions for their minor children if the parents cannot be reached. It is important for parents to make this determination before leaving their child with a caregiver. If a...
by Monique | May 28, 2019 | Estate Planning, Estate Planning for Parents, Transferring Wealth to the Next Generation
When clients want to leave their assets to minor beneficiaries, we almost always will recommend that the assets are left “in trust” as opposed to devising the assets directly to the minor children. In Florida, assets left directly to beneficiaries will often need to...
