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Monthly Archives: August 2021

EstPlan23

What Is Intestate Succession?

By Nici Law Firm, P.L. |

When an individual dies without any form of estate planning, their assets and debts must still be distributed to their heirs, if any exist. In the absence of a will or trust, the state of Florida uses what is known as intestate succession to decide who gets which assets from the decedent’s personal estate…. Read More »

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Estate Planning & Palliative Care

By Nici Law Firm, P.L. |

While not everyone chooses to address end-of-life questions in their estate planning, it is generally recommended to do so. This is particularly true of people who think they may need palliative care, which can be cost-prohibitive if not planned for correctly. There are many different things that your estate should plan for, but palliative… Read More »

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Do I Need A Healthcare Surrogate Designation?

By Nici Law Firm, P.L. |

No one likes to contemplate being in a position where they cannot make their own decisions, or lack the capacity to act for themselves. However, it is a possibility that one has to address, particularly if they are older or disabled. Florida law allows people to create what is known as a healthcare surrogate… Read More »

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Positives & Negatives Of Payable-On-Death & Transfer-On-Death Accounts

By Nici Law Firm, P.L. |

Estate planning is seen by the average person as a difficult, drawn-out process, especially if they have more than a few assets. Because of this, people who try to handle their estates on their own tend to gravitate toward what are known as payable on death (POD) or transfer-on-death (TOD) accounts. However, there are… Read More »

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Common Myths About Estate Planning

By Nici Law Firm, P.L. |

Statistics reported by the American Association of Retired People (AARP) in 2017 estimate that as many as 6 in 10 adults in the United States do not have any kind of estate planning in place. In 2021, after dealing with the reality of the COVID-19 pandemic, that number has almost certainly risen – but… Read More »

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