In a power of attorney the principal is the person signing the document so they're the one giving the power. The agent is the person you nominate inside there, the person who will act on your behalf. So if I was to create a power of attorney and I named my daughter, I...

Here in the State of Florida, signing a will is a formal process. You want to make sure you have two witnesses and a notary. You want to make sure that all of those people are not related to the person signing the document, and the will also needs to be self-proved....

Oftentimes, in most wills they'll be a provision that says, "My personal representative does not have to post a bond." However, many of the counties here in the state of Florida require the personal representative to post a bond. Personally, I think it's a good idea...

Yes, I think life insurance can definitely serve a place in the estate planning process. I like flexibility in planning. So if you have someone that's young or middle age, maybe you need a life insurance policy to pay off the mortgage on the house if you were to pass...

Digital assets are all being overlooked when doing estate planning. Digital assets are things like your email account, domain names, account registrations, Bitcoins, even your personal cloud. Everybody has their own personal cloud nowadays. These are all examples of...

Funding a trust means to transfer or retitle the assets into the name of the trust. This is probably the most important part of the process. I don't care who drafts your trust document, it's not worth the paper it's printed on if the assets haven't been retitled into...

Testate means passing with a Will. Intestate means passing without a Will. So, if a person passes testate, the Will will determine where the money and property goes and who the personal representative will be. If you pass intestate, without a Will, the court will...

There are multiple documents that should be in a proper estate plan. Depending upon the size of your estate or the nature of your assets, you may do a will or a trust. But with those, you're going to want to do a power or attorney, a healthcare surrogate, a living...

Here in the state of Florida, when somebody's on Medicaid, the state has a lifetime lien on that person, when they die. So, any monies that Medicaid would have spent during the course of their lifetime, Medicaid now has a lien on their estate. The Medicaid Estate...