Category Archives: Estate Planning (Wills, Trusts, Deeds, Business Succession)
How a Spendthrift Provision Can Help Protect Your Assets
The primary function of estate planning is protecting your assets, and one tool for achieving that end under Florida law is a spendthrift provision (also known as a “restraint on alienation provision”). A spendthrift provision can apply to revocable and irrevocable trusts, and it essentially serves as a limitation on how the trust money… Read More »
Estate Planning During Covid-19
There’s nothing like a pandemic to make you face your own mortality. While ordinarily, having a valid will already puts you ahead of the game, a pandemic can raise other issues that a will won’t cover. For instance, if an individual becomes incapacitated due to illness, although the individual is unable to make any… Read More »
West Palm Beach Estate Planning for New Parents
Being a new parent comes with a long list of new challenges and things to do. With all the sleepless nights, estate planning may not even be on your radar yet. That’s why talking with an experienced West Palm Beach estate planning attorney can help. There are many aspects of estate planning that become… Read More »
Florida Estate Planning: Safeguard your Digital Assets with a Prenuptial Agreement
Digital assets are unlike the other assets that you include in your will or trust. Some people forget even to address them, which can be a huge mistake. Knowing how your digital assets will be treated upon your death (or even divorce) can help you better understand what can happen. If you are getting… Read More »
Frequently Asked Questions About Florida Living Trusts
A living trust is a legal agreement that you make to keep your assets until you become incapacitated or pass away. When that time comes, your appointed trustee will handle your assets and disperse them to your chosen beneficiaries. There are numerous benefits to a living trust, including that you can still use your… Read More »
What a West Palm Beach Will Won’t Do for You
Wills are a useful and vital tool in estate planning. However, some people don’t realize that wills won’t accomplish everything you want when it comes to your assets. That is one reason why retaining an experienced West Palm Beach estate planning attorney is so important. At the Law Offices of Larry E. Bray, P.A.,… Read More »
West Palm Beach Estate Planning for Unmarried Couples
If you aren’t married, but you have a life partner, estate planning becomes even more critical. Otherwise, neither of you will inherit anything from each other under the intestate succession laws in Florida, nor will you have any say in your partner’s end-of-life medical choices and care. Intestate succession laws determine where property goes… Read More »
Florida Estate Planning and End of Life Decisions
Estate planning goes beyond preparing a will and deciding how you want your physical assets to be distributed. You may have a preference in mind for specific arrangements once you pass away. Do you have something in mind with regard to a funeral or memorial service? Do you want to donate any of your… Read More »
Essential Basics to Know Before Setting Up a Florida Trust
Trusts can be a powerful tool in your Florida estate plan. Many people assume trusts are just for the ultra-wealthy. That couldn’t be further from the truth. Trusts are created as a way to allow your money to be useful after you pass away. You’ll find there are multiple kinds of trusts, and they… Read More »
What to Know About Estate Taxes and Your Florida Estate Plan
The government levies estate taxes on property you transfer to someone else upon your death. However, these taxes do not apply to every transfer. For your estate to be taxed, your assets must meet a certain value threshold. Although most estates may not be subject to estate taxes, it’s crucial to know what they… Read More »
