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Category Archives: Estate Planning

EPlanning

Your Estate Plan Is Likely Out of Date Due to Our “Digitized” World

By Gierach and Gierach, P.A. |

As estate planning attorneys here in Florida, one of our regular tasks is to update estate plans with our clients, because not only do life circumstances changing all the time, but the law is also changing as well, warranting important updates. In addition, more and more is being done online, especially when it comes… Read More »

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Do Wills Need to Be Probated In Estate Planning?

By Gierach and Gierach, P.A. |

Figuring out both the overlap and differences between estate planning and probate can be complicated. For example, while many wills are never probated, most of them probably should be. What we mean by that is: when a will is presented for probate, an estate is open, and a personal representative is appointed, and the… Read More »

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What Must A Surviving Spouse Do Immediately After Their Spouse Passes In Order To Protect Themselves?

By Gierach and Gierach, P.A. |

What most people think about in estate planning in the event of their death is how to make sure a loved one’s beneficiaries are taken care of, but what about surviving spouses? Most-everyone focuses on administering the estate of the decedent, but very little attention is given to the legal needs of the surviving… Read More »

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How to Approach Estate Planning Without Triggering a Family Feud

By Gierach and Gierach, P.A. |

One of the biggest concerns people have with approaching their families about estate planning is that a feud will break out if they do. Yet, if you fail to discuss these important issues with them, it is entirely possible that feuds will occur, and discord, rancor, and resentment will form amongst your heirs. Below,… Read More »

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Estate Planning Doesn’t Just Involve Tax Benefits

By Gierach and Gierach, P.A. |

Many people see estate planning as a tax-saving strategy and a way to avoid probate—especially since the recent federal estate tax laws doubled estate, federal, gift, and GST tax exemptions to $10,000 per person. However, there are a number of other benefits and details to keep in mind when it comes to approaching your… Read More »

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Considering a Durable Power Of Attorney & Health Care Surrogate when your Child Leaves Home

By Gierach and Gierach, P.A. |

When most people think of estate planning tools like durable power of attorney and healthcare surrogate, they think of older couples making plans for their beneficiaries for when they pass. However, some parents actually set up a health care surrogate and power of attorney for their child when they head off for college in… Read More »

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Estate Planning Tips for Young Parents

By Gierach and Gierach, P.A. |

Young people often do not consider getting their estate plans set, believing it can wait until they are older. But when they become parents, it’s important to at least establish a minimal plan to protect their children in the event of their untimely passing. The following are a few estate planning tips for young… Read More »

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What to Consider Before Saying ‘Yes’ to Serving as Someone’s Trustee

By Gierach and Gierach, P.A. |

You are not legally required to take on the responsibility of trustee if you are asked to do so, or even if you were named trustee without your knowledge. There is typically a list of people named in an estate plan to be potential trustees, and if you decline, the next person will then… Read More »

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Tips for Estimating the Value of a Deceased Person’s Real Estate

By Gierach and Gierach, P.A. |

If you are the executor of an estate that includes a house or another piece of real estate, you will need to figure out exactly how much it is worth. The value of the property could affect estate taxes, along with the probate and asset division processes. In many cases, inheritors will put the… Read More »

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How to Choose Which Person Will Have Power of Attorney

By Gierach and Gierach, P.A. |

At some point, your estate plan is going to become outdated. This will likely happen when your children become grown, your financial condition changes or when you reach retirement. When your own personal situation changes, it’s important to make sure you make the corresponding changes in your estate plan, as well. The following are… Read More »

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