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How Do the Children Divide Up Mom’s Tangible Property?

July 17, 2020
One of the biggest challenges for anyone administering an estate is how to distribute what are called its tangible items. Unlike other property which can be easily sold, turned into cash and divided equally, tangible property is unique and often can't be equally split. Its value also often can't be measured by what it could be sold for. A family photo album may have no monetary value, for instance, but great sentimental significance.
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Picasso’s Sole Heir Continues to Sell Artwork

July 16, 2020
When the Spanish painter Pablo Picasso died of a heart attack on April 8, 1973, he left behind not only a huge artistic oeuvre of 50,000 works, but enough family drama to cover several generations.
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Still Procrastinating about Your Florida Estate Plan?

July 15, 2020
Without an estate plan in place, clients will be reliant on state laws and probate courts to appoint individuals who will be responsible for financial affairs and health-care decisions, in the case of illness and ultimately the transfer of assets upon death.
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What Must Be Done when a Loved One Dies?

July 14, 2020
It can be hard to move through your daily life after someone you love dies. It may be even harder to embark on the complex tasks required to put their financial affairs in order. However, you can't afford to put that off.
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What’s the Best Way to Select a Beneficiary for My 401(k)?

July 13, 2020
You might not be able to spend all the money in your 401(k) plan before you die. If that happens, your retirement savings will pass to the person you name as the beneficiary of the account. The information on your 401(k) beneficiary form typically supersedes what is written in your will. Therefore, it is important to keep this form up to date for all your retirement and investment accounts.
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How Does an Intentionally Defective Grantor Trust Work?

July 10, 2020
This type of trust can be established to benefit your spouse, children, grandchildren and other descendants. However, it may be more appropriate in some situations than others. Getting to know the details of what an IDGT is and how it works can help you decide if it makes sense for you.
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How Can You Disinherit Someone and Be Sure it Sticks?

July 9, 2020
Parents may delay creating an elder law estate plan, because of the in-law issue. Some parents are unfortunately estranged from an adult child, only because of the problematic son-in-law or daughter-in-law.
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Is a Life Insurance Policy Beneficiary Required to Pay for a Funeral?

July 8, 2020
More and more often, estate beneficiaries are retaining their own attorneys to make sure that the executor properly administers the estate.
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Do I Need a Medigap Insurance Policy?

July 7, 2020
While Medigap policies are standardized, regardless of which insurance company sells them and where you live, the premiums can vary from insurer to insurer and among locations. Experts say that this makes it important to understand the differences you may see, when evaluating your options.
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Why You Need a Pet Trust During the Pandemic

July 6, 2020
Eighty-five million families in the United States own at least one pet. That’s 68% of the population. How many of those owners have a plan for what would happen to their pet, if they themselves met with a crisis, had a lengthy hospitalization, or died?
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Welch Law, PLLC

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Jupiter, FL 33458

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