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What Legal Steps Should Families Take to Update Their Estate Plan After Major Life Changes?

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What Legal Steps Should Families Take to Update Their Estate Plan After Major Life Changes?

Why Is It Important to Update Your Estate Plan After a Major Life Event? Estate planning is crucial as it helps you protect your family assets and legacy. The plan comprises many legal documents and is not a one-off event. It’s an evolving plan that should reflect your current wishes and circumstances. When you experience …

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What Estate Planning Tools Are Most Beneficial for Real Estate Investors?

In Florida, What Critical Estate Planning Tools Should I Consider? Florida has a vibrant real estate market for various reasons, such as the climate, a vast ocean shoreline, tourism that creates optimal rental opportunities, and more. So, if you’re investing in or planning to invest in Florida real estate and include your properties in your …

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What Are the Best Practices for Setting Up Educational Trusts for Children in Miami?

Can I Set Up a Trust Strictly For My Child’s Education in Florida? The simple legal answer is yes. You can set up an educational trust in Florida, and it’s an excellent way to prepare for your child’s (or grandchild’s) future educational needs. An educational trust mandates that the funds (or assets) held within the …

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Estate Planning Considerations for Miami Rental Property Owners

5 Factors Landlords Should Consider When Estate Planning Miami has one of the most robust rental markets in the country, with both long-term rentals and short-term vacation units in high demand. Property owners who have been able to take advantage of this increase in demand — along with rapidly rising property values — in the …

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How Should Parents in Miami Choose Guardians in Their Estate Plans?

6 Factors to Consider When Choosing a Guardian for a Minor Child Every parent hopes their children outlive them, but they also hope that that happens when the children are established adults and can care for and support themselves independently. However, this doesn’t always happen, and it’s important to have a plan for what will …

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How Can Miami Real Estate Investors Effectively Plan for Property Transfers?

What Makes Real Estate Investment in Florida a Good Choice? Florida is not only a great place to retire but also an attractive location for real estate investors. With no state income tax, it is a tax-friendly environment with a strong real estate market and a wide range of investment options, including commercial real estate, …

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What Are the Different Types of Probate Cases in Florida?

There is a lot of discussion about probate, probate courts, and the probate process whenever we discuss estate law. When a person dies, their estate goes through probate. Probating a will involves taking the estate to probate courts, where the personal representative (also known as the executor) addresses the language of the will, gathers estate …

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