Estate Planning 101: The Revocable Living Trust

Today we’re spotlighting one of our favorite estate planning tools: the revocable living trust. One of the best things about revocable living trusts is that they allow you to have some power over how your descendants or other loved ones utilize the money they inherit from you after you die.  What are the benefits of a revocable living trust? Because it is revocable, you are still in control of the assets as long as Read More

Understanding Powers of Attorney

Powers of attorney can be a helpful tool for people of all ages. Whether you’ve been diagnosed with a disease that could make it difficult for you to function in the future, or you’re just planning some extended travel outside of the country, a power of attorney can help you make sure that your affairs will be handled even when you cannot handle them yourself. What is a power of attorney? A power of attorney is a Read More

No Estate Plan? Here’s What Happens When You Pass Away

At ElDeiry & ElDeiry, P.A., we are constantly reminded of the importance of having an estate plan in place. We are familiar with the frustrating and expensive repercussions that loved ones face when someone passes away without an estate plan. But just how frustrating and expensive is it? It today’s blog post, we’re helping you get a clearer picture of what happens when you pass away without having an estate Read More

Three Reasons a Will Might Be Contested

When a loved one passes away, most people want to act in accordance with the person’s estate plan and respect his or her wishes. However, there are sometimes occasions where those involved do not believe that the Will accurately reflects the deceased’s wishes. If you are in this situation, you can contest the Will. To contest it means to oppose or challenge its validity in probate court. When you successfully contest Read More

A Brief Overview of Business Succession Planning

As a business owner, you have put a lot into your company. Beyond the obvious financial investments and sacrifices you’ve made, you’ve poured your ideas, time, and energy into building your business to its current state. That’s why it’s so important to include business succession planning in your estate planning efforts. Figure Out When You Want to Leave Perhaps one of the most important questions to answer as a Read More

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