4 Commonly Asked Estate Planning Questions Answered

At ElDeiry & ElDeiry, P.A. we have been crafting practical, intelligent estate plans for individuals, families, and business since 1997. We’ve become very familiar with the questions that people have about estate planning, and in today’s blog post we’re going to answer some of our most commonly asked questions. 1. Where should I store my estate planning documents? Estate planning documents need to be stored Read More

“Trust” Us: A Brief Overview of 5 Common Florida Trusts

There are several different types of trusts – a property that is held by one party to protect it for the beneficiaries of the property owner – although each state allows different types of trusts, depending on the statues of the state. Here in Florida, there are several trust options, but determining the right one for your needs usually requires the assistance of a Florida attorney who specializes in trusts and Read More

A Brief Overview of Florida Probate

Probate is a process that occurs after a death to 1) collect the person’s assets that are in his/her name alone; 2) determine if there are any creditors; and 3) distribute the person’s property to the proper beneficiaries. Probate is necessary even if a Will is in place because the Will must be validated by the Court, and also because the Personal Representative under the Will is only allowed to act under the Will Read More

Were You Named a Personal Representative? 6 Reasons You Should Hire a Lawyer to Help

Being named as the personal representative of a loved one’s estate brings with it a significant amount of stress and unexpected responsibility. Working with a probate lawyer can benefit you in several ways. 1. Avoids Family Conflict Family tension can peak after the death of a loved one. Emotions run high when people are dealing with grief, and it can cause them to lash out in unexpected ways. Whether family Read More

Own a Business? 4 Considerations to Make with Your Estate Plan

No matter your age, if you own a successful business that provides income for your family, you need an estate plan as part of your business plan. Even young business owners need to be prepared for the worst, and that means setting up a plan that allows family members to step into your role with ease whether you are injured in an accident that leaves you temporarily or permanently incapacitated, or if you should Read More

5 Reasons You Need to Start Estate Planning Today!

Too young? No kids? Don’t have a lot of assets? There are plenty of excuses to keep estate planning at the back of your mind, but there are even more compelling reasons to get started right away. Don’t wait until you’re rich and famous. Here are 5 reasons why you should start estate planning as soon as possible. 1) Accidents can happen. Whether you are 20, 60, or 90 years old, you can’t predict the future. It’s Read More

Wills vs. Trusts: Which One Is Right for You?

Wills and trusts are the two most essential elements of any estate plan. They share one basic trait in common: they both act as documented, legally-binding instructions for what happens after you pass away. Beyond that, they differ in many ways and tend to be used in different sets of circumstances. So, which of these two documents is right for you? In your overall estate plan, the answer is most likely “both” — Read More

Understanding the Florida Probate System

About the Florida Probate Process Probate, simply put, is the legal process of administering the estate of a deceased person by resolving all claims and distributing the deceased person’s property either through a will or without one. In Florida, the probate process can be cumbersome and confusing, but with good legal counsel the process can be smoother. At any level, the primary steps in the probate process Read More

What is a Trust?

What is a Trust? A Trust is a legal document that provides specific instructions to manage your assets for your selected beneficiaries. A properly prepared Trust can reduce Estate Taxes, protect your property from being mishandled and a great way to avoid probate. Assets that are properly Titled in the name of a Trust can be handled or managed by your selected Trustee. Yes, you can also be the Trustee, but Read More

Do you have a Will?

Surprisingly, a large number of adults with children will carry life insurance, but have not taken the time to create a simple will. A will allows you to direct and handle your matters after you have passed on. Specifically, we strongly recommend that anyone who is single and owns property, prepare an estate plan as soon as possible. Secondly, we strongly recommend that anyone with children under 18 prepare an Read More