2. What are the general advantages of revocable trusts? Continuity of Management During Disability Creating a Florida revocable trust is probably the best way to ensure that your property remains available to be used for your benefit, should you become physically or mentally incapable of managing your own affairs. While…
A durable power of attorney is to provide a mechanism for reducing a person’s estate by making gifts of his or her assets. A similar objective in a smaller, nontaxable estate may be to make the principal eligible for Medicaid planning or assistance. In either case, it is prudent, and…
A Durable Power of Attorney and Health Care Directive / Living WIll are two additional documents that should be part of every family’s estate plan, in addition to a Will or Living Trust. An Advance Health Care Directive appoints someone to make medical decisions for you if you become incapacitated.…