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Use of QTIP Trust in Second Marriages

Use of QTIP Trust in Second Marriages

By Nici Law Firm, P.L. |

Second marriages come with unique estate planning challenges, especially if you have children from a prior marriage. You may feel the tension between providing for your new spouse and leaving a legacy to your children from outside the marriage. You can overcome most of these challenges with careful estate planning. A Qualified Terminable Interest… Read More »

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Reasons to Establish a Guardianship

Reasons to Establish a Guardianship

By Nici Law Firm, P.L. |

A guardian is a surrogate decision-maker appointed by the court to make either personal or financial decisions for a minor or for an adult with mental or physical disabilities (referred to as the ward). In Florida, the guardianship process is governed by Chapter 744, Florida Statutes, and guardians are subject to court oversight. There… Read More »

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Second Marriage and Estate Planning

Second Marriage and Estate Planning

By Nici Law Firm, P.L. |

Individuals who have remarried face unique estate planning challenges in Naples, Florida. People entering their second marriage usually do so later in life when they have more property and children from previous marriages. Because of this, many of the planning strategies that work well for first marriages are inappropriate for remarried individuals. Will My… Read More »

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Snowbirds May Want to Become Florida Residents

Snowbirds May Want to Become Florida Residents

By Nici Law Firm, P.L. |

Every year thousands of people escape the snow and ice and move to Florida for the winter. If you are a snowbird, you may want to consider becoming a Florida resident. An experienced attorney can help you decide whether to make this change and guide you through the process of establishing Florida residency. What… Read More »

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Benefits of a Good Business Succession Plan

Benefits of a Good Business Succession Plan

By Nici Law Firm, P.L. |

A comprehensive business succession plan is an often-overlooked part of running a small business in Naples, Florida. A succession plan is a critical document that helps ensure that the future needs of a business are met should the owner or key employee retire, resign, get fired, become ill, or pass away. However, overwhelmed with… Read More »

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What to Consider When Starting Your Florida Business

What to Consider When Starting Your Florida Business

By Nici Law Firm, P.L. |

Florida is a great place to start a business. Compared to other states, there are minimal regulatory requirements and low business taxes. Before jumping into starting a business, it is critical to do the proper planning. Below are four things you should consider when starting a business in Florida. 1. Market Research. Conducting market… Read More »

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Benefits of a Power of Attorney

Benefits of a Power of Attorney

By Nici Law Firm, P.L. |

A power of attorney is an estate planning tool that grants one person, a designated agent, the right to act for another person known as the principal. In a power of attorney document, you can give your agent limited or broad authority to make decisions about your property, finances, investments, or medical care. It… Read More »

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Protecting Your Unmarried Partner in an Estate Plan

Protecting Your Unmarried Partner in an Estate Plan

By Nici Law Firm, P.L. |

While creating a comprehensive estate is beneficial for all Floridians, it is essential for unmarried couples. In Naples, if a married person dies without a will, their property will pass to their surviving spouse and children. Additionally, there are special laws to protect a surviving spouse, including the elective share and homestead allowance. In… Read More »

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Joint Tenancy to Avoid Probate

Joint Tenancy to Avoid Probate

By Nici Law Firm, P.L. |

In Florida, the type of property ownership can affect you in probate court. If the property is held in joint tenancy with the right of survivorship, it will pass to the surviving owner outside of probate. It can have a significant impact on the administration of your estate after your death. Joint tenancy with… Read More »

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Use of Pre and Post-Marital Agreements to Protect Assets

Use of Pre and Post-Marital Agreements to Protect Assets

By Nici Law Firm, P.L. |

Pre and post-marital agreements are important tools for Florida asset protection. A premarital agreement (also known as a prenuptial agreement or prenup) is a legal agreement made by prospective spouses that sets forth each party‚Äôs responsibilities and rights during marriage, in the event of divorce, and at death. The difference between a pre and… Read More »

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