Categories for Estate Planning

Putting Your House in a Trust

January 13, 2021

If estate planning in Miami, FL has been on your mind lately, you might have considered putting your house into a trust. There are many different ways in which you can dispose of your property or ensure its easy transfer, and a trust is one of the most popular. Even if you’re young and healthy, it’s smart to start estate planning now—you never know what life has in store, and it’s important to protect your family if something were to incapacitate you. Here’s a brief overview of what it means to put your house in a trust. Why should I... View Article

Revocable Trust vs. Irrevocable Trust: What’s the Difference?

December 10, 2020

Trusts are a smart estate planning tool that give you more control over how your assets are distributed during your life and after your death. Living trusts are created during the settlor’s lifetime. They are either revocable or irrevocable, and knowing the difference will help you make the right financial choices for your beneficiaries and estate. Here’s what you need to know about irrevocable and revocable living trusts in estate planning in Miami, FL. Revocable living trusts Revocable living trusts are trusts that can be amended during the settlor’s lifetime. For example, if you need to change the terms or... View Article

Can a Trust Strengthen Your Estate Plan?

November 26, 2020

Putting together an estate plan is the best way to make sure your family and property are taken care of when you eventually pass away. It can also provide for your care while you’re living, giving you control and flexibility that a simple will may not. Here’s what you need to know about establishing a trust for your estate plan in Miami, FL. What is a trust? Creating a trust allows you to appoint a third party to manage the funds if and when you cannot, such as when you’re traveling or if you’re incapacitated. The person who creates the... View Article

Essential Estate Planning During the Pandemic

July 24, 2020

This may sound morbid, but there is no time like the present to start estate planning. Even if you are at low risk of complications of COVID-19, it is still a good idea to make estate planning documents in Miami, FL a priority, because the overall risk of death and disability is higher during pandemics. It is best to be prepared rather than throw your family for another loop. Here are four essential tasks to complete for estate planning now: Check your will: If you have a will, check and make sure it is current. This is especially essential if... View Article

When Is a Good Time to Create a Will?

July 10, 2020

Are you ever too young to write a will in Miami, FL? No. Once you’re over 18 years old and own any property, you should have a will. No one likes to think of themselves dying, but death is an unfortunate fact of life, and having a legal will written will help your surviving loved ones carry out your final wishes. You can create a will yourself or with the help of an attorney, but bear in mind that if you do it yourself, you may leave instructions that can’t be legally upheld. If you have important property dispositions in... View Article

Rubén J. Padrón, PA
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