Attention Gen-X and Millennials: estate planning is not just for “old” people. Even Young Adults Should Start Estate Planning.
Don’t think you need to worry about your estate plan because you’re “too young”? Too busy to worry about it because you’re getting ready for college or just starting your career? Without proper planning, your parents won’t be able to see your medical records if you’re in an accident and won’t be able to participate Read More
Your kids are precious
Have you thought about who will take care of them if you cannot? Have you set up guardianship documents for your kids in case of incapacity? Call us for help, and if you want to read up on this, here is a guide to help get you started. https://www.nytimes.com/article/legal-guardian.html
LGBTQ ESTATE PLANNING IN FLORIDA
PRIDE month is coming to a close, but here at Longa Law we are committed to providing LGBTQ estate planning every day. Unfortunately, while recent advancements in equality have expanded protections in some areas, complete legal equality is not guaranteed for all in our society. We help LGBTQ community members ensure that their wishes are Read More
4 Estate Planning Documents No Entrepreneur Should Be Without
What would happen to your business upon your death? What happens if you become incapacitated? Although most entrepreneurs understand the value of effective business planning, fewer are aware of the critical role estate planning plays in their company’s ongoing success. Estate planning is one of the single-most important things you can do for your business. Read More
What is an Advance Directive and Why is it Important?
Estate planning includes both life and death issues, and one of the most important life issues – especially now with the pandemic – is how you want your health care handled if you are unable to speak for yourself. One way to address these issues is with an Advance Directive. Many people have heard of Read More
Protecting Children with an Estate Plan
According to a 2019 survey, 57% of adults in the United States have not prepared any estate planning documents, such as a will or trust, despite the fact that 76% viewed them as important. Many believed mistakenly that it was not necessary because they did not have many assets. Estate Planning is not just for Read More
UPDATE ON REMOTE NOTARIZATIONS OF WILLS AND TRUSTS
Longa Law is implementing new protocols to minimize face-to-face contact to complete traditional signing ceremonies for Wills and Trusts with witnesses and a notary in the safest manner possible. While we cannot offer you a signing ceremony that is completely online or remote today, we expect that to be a reality by this summer. Florida’s Read More
TAX UPDATE & EXTENSION
As of Friday, March 20th, the deadline to file tax returns has been extended to July 15th to file or pay 2019 income taxes (up to $1 million). During this time, filers will not incur interest on unpaid taxes or be subject to tax filing penalties. Taxpayers tend to procrastinate and wait to prepare their Read More
TRUST BASICS: HOW DO YOU ESTABLISH A TRUST?
Trust law is state specific, and Florida Statutes Section 736.0402(1) provides certain basic requirements to establish a trust: The settlor has capacity to create a trust. The settlor indicates an intent to create the trust. The trust has a definite beneficiary or is: A charitable trust; A trust for the care of an animal, as Read More
TRUST BASICS: HOW MANY WITNESSES ARE NEEDED FOR A TRUST?
A Trust is essentially an agreement between the Grantor (sometimes called the Trustor) and the Trustees, who maintain the Trust in accordance with its terms. I tell clients to think of a Trust as a private treasure chest or safe deposit box for assets. Trust law is state specific, so in Florida, the Florida Trust Read More