What is a power of attorney? A power of attorney, usually abbreviated as “POA,” is a personal agent appointed by a principal to assist with the day-to-day financial affairs due to incapacity, inconvenience, or other reasons. In many cases, the agent acts alone on behalf of the principal when they are unable to do so. …
The step-up in basis reduces the capital gains tax on inherited assets. It is an effective way to preserve an inheritance and save money.
A Lady Bird Deed can be very useful for your estate planning needs.
The Florida Probate process is so famous for its delays, costs and aggravation that most people try to avoid it, if possible. Some people, however, are known for saying something along the lines of, “It won’t matter, I will be dead.” (insert canned laughter). While it is true that your probate would occur after your …
I’ve found that all my clients already have that internal will power and motivation but just need to tap into it.
If you’ve delayed getting your estate planning documents together, this year, 2021, is the year to get it done. Think about it. You are stuck in this pandemic which took away your control over so many things. You cannot travel and visit with others as you wish. This entire time can be viewed as a complete time waster, if we do not act to create something of value. How about using 2021 to create the joy of accomplishment?
If you have young kids, a cookie-cutter estate plan won’t work. Do Florida parents need revocable trusts? Parents of young kids need estate plans as unique as their own children.
When big changes happen, you may need to revise your last will and testament or other estate planning document. But how do you make sure those changes are legal and effective? The Law Office of Lori Vella can help.
Probate is a fancy legal term for the court-supervised process of determining what happens to a person’s property after they pass away.
