Most people who have considered estate planning have some understanding of these terms but may not be clear on how they work in Florida – or what they can and cannot enable you to do. Along with a will, a durable power of attorney is, perhaps, the most important element of a person’s estate plan.
If you have minor children, naming a trusted legal guardian is an important part of your comprehensive estate plan. Retain the services of a respected lawyer to ensure your rights, assets, and legacy are fully protected.
Have you made your 2018 resolutions? They may include losing weight, exercising more, eating healthier or quitting smoking. Why not consider kick starting 2018 with a resolution to review your existing estate planning documents?
The Achieving Better Life Experience Act, or ABLE Act, was signed into law by President Obama in December 2014. ABLE updates the Internal Revenue Code to allow eligible individuals and their families to establish a tax-exempt savings account that allows for disbursements of income tax-free funds for “qualified disability expenses,” including education, transportation, housing, obtaining and maintaining employment, personal support services, assistive technology and health and wellness.