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St. Petersburg Estate Planning Blog

Couples in Florida gravitating toward smaller homes

According to real estate agents in Florida, people are still buying new homes, but the long-standing trend of always trying to buy a bigger home seems to be changing. These days, a lot of people are moving toward smaller houses and more manageable estates. They're downsizing.

This appears to be true at any price point. "What really surprises me is that I think our clientele, who own multiple homes, are looking to scale down," said one Florida real estate agent who specializes in luxury homes. "They don't necessarily need the biggest property. They want something more manageable, so it's not akin to running another corporation."

Elder abuse: how to know if it is happening

Many older individuals go to nursing homes and care facilities to get the assistance they need when they can no longer care for themselves. Unfortunately, this may make them a target for abuse from caregivers.

Physical, emotional, sexual, financial and neglect are all forms of elder abuse. It is unfortunate, but the National Center on Elder Abuse reports that one in 13 elderly individuals have experienced some form of elder abuse. How can you tell if someone you love is experiencing elder abuse?

How to avoid family disputes over your estate plan

A well-crafted estate plan can save your loved ones a considerable amount of money in estate taxes. It also lets you clearly designate how you want your assets distributed to benefit your family.

However, an estate plan (and sometimes the absence of one) can tear a family apart. Some spend a significant portion of an estate's value in court battles that continue for years.

Why do so many Americans put off estate planning?

You know you will need a will eventually, but you simply have not drawn one up yet. It has been on your to-do list for decades. Are you alone?

You're certainly not. Studies have shown that approximately 60 percent of people in the United States do not have a will. That's six out of every 10 Americans.

Explaining what happens at an estate plan review

As you get closer to retirement, you are likely thinking about all you will want to do with your free time in Florida. The Sunshine State offers so much for people of all ages, especially those who call the state home in their golden years. With retirement in the near future, you might begin to think about your estate plan and how it is currently laid out. Let's take a look at what happens when you schedule a review of your estate plan.

The meeting with your estate planning attorney will be a very informal one. There won't be any witnesses present. The only thing you will need to have with you is a list of goals you wish to achieve or items you want to remove or add to the estate plan documents.

Why should you update your will later in life?

There is no set time when a person should create a will. It is not required to hold employment, buy a home, sell real estate or do anything else in life. Creating a will is optional. Despite this, it's one of the most important documents you could have in your name. If you do have a will, it is time to take a look at updating it. So, why should you update your will later in life?

One of the most important reasons why you should update your will later in life is when you have grandchildren. You very well could have a specific item or asset in your mind that you want to leave you a grandchild. Make sure this wish is reflected by updating your will. You might have to update your will multiple times depending on how many grandchildren you have.

Estate planning for same-sex couples: A guide

In 2015, the Supreme Court ruled that same-sex marriage would be legal in all 50 states. This ruling gave same-sex couples access to the same estate planning rights as heterosexual couples.

The problem is, a lot of individuals still have not started their estate planning journey. Estate planning is essential for those who want to make sure that they have control over their assets when they are gone. No one wants to think about a time when they will not be with the living anymore, but the truth is that we do not know when our lives will end.

Protect your child's future: Establishing health care surrogates and durable power of attorneys

There are few things as bittersweet for a parent than seeing your child off to college. Parents often feel a mix of emotions. You may feel proud of their success, sad about their departure and excited about their future.

While your child may be embarking on this new chapter with a sense of independence and maturity, thinking only about the opportunities for their collegiate life, you may still worry. Although your child is grown, you may still be thinking about ways to protect them.

Why you need an attorney when purchasing a home

Are you ready to make a home purchase in St. Petersburg? If so, you need to conduct plenty of research into the market and comparable home prices. You should also look into the schools, shopping, medical offices and employment opportunities in the region. Many people don't realize how helpful an attorney can be when it comes time to purchase a home.

An attorney who helps you with your home purchase will be able to sift through the purchase agreement from top to bottom to ensure that there are no unfavorable terms. This is an important task to complete because the minute you sign that document, you are committing to the purchase of the property.

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Fisher & Wilsey, P.A.
1000 16th Street North
St. Petersburg, FL 33705

Phone: 727-369-8572
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