What is a Power of Attorney ?

A Power of Attorney is a powerful instrument. It empowers an “agent” or “agents” to serve as an attorney-in-fact on behalf of the “principal”. Under Florida law, any person 18 years of age or older, or a financial institution having trust powers, can serve as attorney-in-fact. The power of attorney must be in writing, and […]

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How can I easily provide for my beneficiaries upon my death, at no cost to me now, and avoid probate in the future?

Individuals often ask us how they can transfer their assets to their families, quickly and easily, without the costs and hassles of going through the probate system. (We have previously discussed the benefits of “Lady Bird Deeds” in a prior post – http://kgrhlaw.com/ladybirddeed/) One answer we frequently give to this question is, make sure to title […]

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What is a good way to transfer my home to my children upon my death, without my children having to go through probate?

Most recorded real estate deeds are irrevocable. There is, however, one kind of deed that is revocable – the enhanced life estate deed, or more commonly known as the “Lady Bird Deed.” The traditional life estate deed gives the life tenant a life estate in the property and the remainderman a remainder interest. The enhanced […]

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My Child Is Receiving Government Aid. Should That Affect My Estate Planning?

There are many individuals who receive public benefits from the State and Federal government, such as medical assistance through Medicaid. Without proper estate planning, a death in the family could cause those individuals to lose their right to receive public benefits. Public benefits are typically granted based on an individual’s income and assets. Should a […]

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What is a Last Will and Testament?

A Last Will and Testament is an instrument which governs the disposition of a decedent’s property after death. A Will should also designate a Personal Representative to administer the estate. Where applicable, the Will should designate a Guardian to care for minor children and a Trustee to manage testamentary trusts. A Will may be revoked […]

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