FLORIDA ESTATE PLANNING CONSIDERATIONS WITH LARGE INHERITANCES

♠ Posted by Marc J. Soss in elder law,elder planning,estate plan,Family Trust,florida estate plan,florida estate planning,florida probate attorney,florida probate lawyer,inheritance planning,same sex estate planning

Receiving a large inheritance can be an unexpected windfall or curse to a beneficiary. To avoid a negative outcome, it is not uncommon for individuals to evaluate alternative methods to transfer wealth to their beneficiaries. A recent survey found that only thirty-two (32%) percent of baby boomers are confident their beneficiaries are prepared both emotionally and financially to receive an inheritance. Their concern stems from the desire for their beneficiaries to learn about hard work, failure and the joys of success and concern over their ability to handle sudden wealth. In making these...

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NEW 2016 CONNECTICUT POWER OF ATTORNEY LAW

♠ Posted by Marc J. Soss in Connecticut Estate Planning,Connecticut Power of Attoney,elder abuse,estate plan,estate planning,Sarasota attorney,Sarasota Tax Attorney

Effective October 1, 2016, the new Connecticut law governing “Powers of Attorney” (written designations of authority) will go into effect (a major update to the 1965 law. The new law, known as the Connecticut Uniform Power of Attorney Act imposes new obligations on banks to whom POA’s are presented by requiring them to either accept a notarized POA or request additional documentation within seven (7) business days. Once the documentation is presented, if the bank requests it from the agent, it will have five (5) days to either accept the POA or reject it (based upon suspected abuse or the...

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FLORIDA GUARDIAN CHARGES BIG BUCKS TO PROTECT WARD WITH ALZHEIMER'S LIVING IN HUNGARY

♠ Posted by Marc J. Soss in elder fraud,elder law,Florida Guardianship,Florida Guardianship Attorney,guardianship abuse,Sarasota guardianship abuse

www.abcactionnews.com A grieving daughter is fighting against a system that was designed to protect her dad SARASOTA, Fla. - A grieving daughter is fighting against a system that was designed to protect her dad. She regrets the decision of turning to Florida's professional guardian system for help. She says that decision cost her father's estate a million dollars, and as the I-Team found out, the guardian was racking up those bills, when her father was living thousands of miles away. “He was an immigrant, came here with one little suitcase and worked himself into millions of dollars,”...

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HOW YOU CAN PREPARE FOR YOUR ESTATE PLANNING MEETING

♠ Posted by Marc J. Soss in estate planning,Family Trust,florida estate planning,florida probate attorney,Last Will and Testament,same sex estate planning,Sarasota attorney,Special Needs Trust

While meeting with an estate planning attorney may not be on your bucket list of items to accomplish during your lifetime or among your New Year’s resolutions, it is not something that you should put off until you are on your death bed. Many individuals are intimidated by the prospect of planning their estate, however, in most cases it is much easier if you come prepared. A typical Florida estate plan consists of the following important documents: Last Will and Testament; Revocable Trust (for many individuals); Power of Attorney; Health Care Surrogate; Living Will; and Pre-Need Guardian...

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