Author Archives: Site Administrator
Estate Planning for a Family Business
Estate planning for your Naples family business is crucial for the success of your business and the continuation of your family’s income. It is easy to get overwhelmed with the day-to-day tasks of running a family business, but estate planning is not something you should put on the backburner. A significant majority of family… Read More »
Estate Planning for the Single Person
It is a common misconception that single individuals do not need an estate plan. This harmful myth could not be farther from the truth. Everyone can benefit from a comprehensive estate plan, especially singles without obvious heirs. Below are five of the most important things that singles living in Naples, Florida should remember about… Read More »
What is a Power of Attorney?
A power of attorney (POA) is a critical part of any comprehensive estate plan. It is a legal document that allows you to to plan for your potential incapacitation by designating an agent to act on your behalf. In Florida, a power of attorney is typically used for two reasons: 1) to allow your… Read More »
Choosing an Executor
Choosing an executor is a vital part of the estate planning process, no matter the size of the estate. It is an important role that not everyone is cut out to serve. Below is a list of five things you should look for when choosing an executor for your Naples estate plan. 1. Trustworthiness… Read More »
The Importance of a Healthcare Directive
A healthcare directive is an essential document for everyone to include in their Florida estate plan. A healthcare directive (sometimes referred to as an advanced directive or advanced healthcare directive) is a legally binding document that states the medical care you want to receive in the event you are incapacitated and names an agent… Read More »
Top Reasons for a Business Succession Plan
If you are a small business owner in Naples, it is critical to have a succession plan in place. There are numerous benefits to the owner, company, and successor owners. Below are six of the top reasons your Naples business needs a succession plan. 1. Help Ease Ownership Transitions There will come a time… Read More »
Including Charitable Giving in Your Estate Plan
Including charitable giving in your estate plan is a great way to give back to the community and carry on your legacy. If you are interested in including charitable giving in your estate plan, you should talk to a qualified Naples attorney. There are various ways to include charitable giving in your estate plan,… Read More »
Use of QTIP Trust in Second Marriages
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 »
Reasons to Establish a Guardianship
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 »
Second Marriage and Estate Planning
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 »