Barbara Corcoran, a host of the popular reality show TV Shark Tank, recently disclosed that she lost $380,000 to a phishing fraud. Corcoran received an email, believed to be from an assistant, with a fraudulent invoice requesting money owed for real estate renovations. The email address was one letter off from the actual address used by…

Grown children of parents who live in Florida but are not residents themselves may feel confused over the term “personal representative” as it relates to estate planning. According to the State Bar Association in Florida, “personal representative” is the term used to describe the person in charge of handling the estate of a deceased person….

The aging population of Florida is on the rise. Taking care of aging parents can be less stressful when there is an estate plan in place. Having these conversations early can ensure that adult children meet the wishes of their parents before health issues or unexpected death prevents those discussions. MarketWatch states that nearly half…

Family members live in Florida and you decided that since your parents are getting older, you may want extra help taking care of them. As the only caregiver, more and more reasons are popping up giving you subtle hints that you need to move. Every year thousands upon thousands of people settle in Florida. It…

When the elderly feel that their strength is diminishing, they start planning their retirement assets. Among what they opt to do is giving out part or all of their property as planned gifts. There are several benefits of contributing to other lives through donations.  According to the Cancer Research Institute, if an elderly leaves their retirement assets to…

Estate taxes are often confusing. This is especially true when they change often. It does not help that they occur at both the federal and state levels. Federal law changes may affect state laws, which is what happened with the Florida estate laws with recent changes to the federal regulations.  Prior to 2005, Florida had an…

As a resident of Florida, it is important to have an estate plan prepared. However, you cannot simply write your estate plan and then leave it untouched. You must also be prepared to update it frequently so that it accurately reflects any major changes in your life. Forbes discusses some of the prime points in…

For many people across Florida, watching the health of a parent deteriorate can prove immensely painful and difficult, and losing that parent often proves even more so. If you are also fielding calls from creditors looking to collect on the debts your parent left behind, you may be just about at your wit’s end, but…

When wealthy people die in Florida, law enforcement often looks at those close to them with some suspicion until investigations prove no foul play. Those who stand to benefit financially from the individual’s death often face the greatest suspicion. However, heirs are not the only ones who can expect a windfall after a billionaire dies….

Constantly traveling to Florida to check in on elderly parents or relatives may eventually take its toll on an individual who lives out of state. While a relocation seems tempting, there are some important issues to consider when moving to the Sunshine State. For individuals finding themselves becoming more involved with an elderly relative’s care,…