#floridatrusts

[the-wealth-mindset]

Best Trusts for Estate Planning in Florida

The correct spells knowledge to the one that knows the fact you should evaluate all the trusts that you can meet in Florida that will be used in the management of your property according to your wishes. Trusts serve as solutions for avoiding laborious and public probate processes, and the advantages given by the trusts include privacy and efficiency. Types of Trusts to Consider: 1.Revocable Living Trusts: They enable you to maintain control of your property while you are alive and you can transfer the assets when you die in a seamless fashion. 2.Irrevocable Trusts: A method of protecting your assets against creditors and at the same time reducing the amount of the estate tax is that you no longer have control over the assets even though. 3.Testamentary Trusts: Wills are one way of creating the will, which ensures that it is effective upon death, and it is the ideal form to support the money of minors and the needy ones with special needs. 4.Special Needs Trusts: Special Needs Trusts are trusts which enable a person with a disability to lead a comfortable life without losing state benefits. 5.Charitable Remainder Trusts: By way of their lifetime, provide the necessary financial assistance to the beneficiaries, with the rest of the assets being transferred to a charitable organization at the time of your death. 6.Spendthrift Trusts: Planning the welfare of the beneficiaries who could squander the financial aid without them is going to be the priority of spendthrift trusts. The selection of the appropriate trust holds the most consideration as it is the future of your family that is at stake.

Read more: Best trusts for estate planning in Florida

[lreedbloodworth]

Has Undue Influence Occurred in Creation of a Will or Trust?

https://lawyerfightsforyou.com/has-undue-influence-occurred-in-creation-of-a-will-or-trust/ (Orlando, Florida) (Winter Haven, Florida) Attorney L. Reed Bloodworth, the Managing Partner of Bloodworth Law, PLLC, discusses legal topics the law firm handles for clients across the state. 

Bloodworth Law works with defendants and plaintiffs on cases involving undue influence. 

 If you have questions about undue influence claims, talk with Reed about how Bloodworth Law can help you, your family, or your business.

[mypinklawyer]

Nothing Prepares You for Your Children Driving but I'm Controlling the Situation the Best I Can

I knew the day would come eventually but it snuck up on me nevertheless! My daughter is now driving. Please keep me in your thoughts and prayers!

Although not a bad driver, her inexperience and crazy other drivers scare me silly which is why we’ve enrolled my daughter in private Driving Lessons.

When I was in high school we had to complete mandatory professionally instructed behind-the-wheel training before we could apply for a driver’s license. Not so anymore in Florida. The behind-the-wheel training requirement is now on the honor system as long as one passes the DMV driving test.

Further, the DMV doesn’t even care if you can parallel park anymore!

And forget about learning to drive a stick shift, which I personally believe is one of those life skills that everyone should have. A skill which came in handy while renting a vehicle in Nicaragua a few months ago.

After many hours of screaming, inhaling sharply, pumping my imaginary brake on the passenger side floorboard, and death gripping the “Jesus Bar,” I decided I probably am not the most patient driving instructor for my daughter. So private lessons it is.

Of course, being the detailed oriented mom that I am [daughter’s translation: “anal mom that I am”], I have other prerequisites to her obtaining her driver’s license too, like:

·      Signing a Teen Driving Contract (many are available free online)

·      Running a tracking app on her phone so I know where she is at all times (Life 360 has a free version)

·      Running a No Text & Drive app on her phone which prevents her from texting while driving

Like most moms, I try to walk that fine line of protecting my kids while also allowing them more independence and freedom as they mature. After all, my daughter will be off to college in just two years and I want her to be mentally and emotionally prepared.

But as a teenager still living at home, I, the MOM, still get to set the boundaries of my daughter’s independence.

As parents, my estate planning clients also have to decide how much control they want to maintain over their kids from the grave.

For some clients, continued control over their hard earned money after they pass is very important. For others, continued protection for their kids from themselves, potential creditors or predators, is a priority. For yet other clients, they’re ok with their kids inheriting outright, even knowing their kids might not manage their finances the way they might want them to.

There’s no right or wrong answer. It boils down to the priorities of each client.

Though in my estate planning practice, I counsel towards practical, effective solutions that don’t micro-manage a child’s inheritance unnecessarily, as a mom of a teenage driver, I guess I’m still a bit of a control freak. Sorry, Daughter.