Categories for Estate Planning

Wills vs. Trusts: What’s the Difference?

July 22, 2021

Estate planning can be complicated, especially if you have a lot of assets. Hiring an estate planning attorney for wills and trusts is usually the best way to guarantee that your property is distributed the way you want, and the tax liability is minimized. When you sit down with an estate planning attorney, one of the first things you’ll decide is what should be placed in trust versus what should be distributed by the will alone. Although the end result is the same—your property will be transferred to your desired beneficiaries—there’s a difference in how that goal is accomplished. Here’s... View Article

An Overview of Florida Estate Planning

June 2, 2021

Whether you’re a multimillionaire or you’re living a more limited lifestyle, having a good estate plan is key in Miami, FL. Working with an attorney can help you distribute your property, avoid probate and even prepare contingency plans if you’re suddenly incapacitated. Not only will this ensure you get the care you need, and your loved ones get the property you want them to have, but it will make things easier on them in a difficult time. Here are some of the key documents you’ll need to create for a full estate plan. Wills Wills are the most common estate... View Article

Estate Planning During a Pandemic

May 7, 2021

If there’s one thing the COVID-19 pandemic has made clear, it’s the need for comprehensive estate planning. Few people could have predicted how the world would turn upside down in 2020, let alone the massive death toll across the world. It’s always smart to have your affairs in order—even if your family has escaped the pandemic unscathed, life holds no guarantees. Working with an estate planning attorney in Sunset, FL is the best way to ensure your loved ones will be taken care of no matter what happens. Living wills One of the biggest things the pandemic has reminded us... View Article

How to Probate a Will in Florida

March 5, 2021

When a person dies with a will, that’s only the first step in distributing their assets. The person they named as their personal representative (also known as an executor) must file the will and initiate the probate process, if necessary. Here’s what you need to know about estate planning in Miami, FL. Recording the will Generally, it is unwise to record a will before a person dies. Wills become public documents, which means that it could jeopardize their privacy—the general public would be privy to their assets as well as their end of life wishes and who they choose to... View Article

Estate Planning with Cryptocurrency

February 12, 2021

The rise of cryptocurrency has given estate planning attorneys in Miami, FL something new to be concerned about: what are the best practices when leaving your digital investments to your heirs? Too many people have belatedly found out that their loved ones have died with Bitcoin and other cryptocurrency, now worth millions, with no way to access it. Alternatively, they may never realize that the deceased owned any cryptocurrency at all. Whether you’re a seasoned cryptocurrency investor or just dabbling, it’s important to work with an estate planning attorney. Don’t risk letting your investments languish in inaccessibility. Put your cryptocurrency... View Article

Rubén J. Padrón, PA
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