Florida Elder Law & Estate Planning Blog

FDIC Insurance Limits On Bank Accounts Titled In The Name Of Your Living Trust
March 21, 2021

The Federal Deposit Insurance Corporation (FDIC) insures bank accounts at participating banks in the event of bank failure. Currently, the FDIC insures up to $250,000 per depositor, per financial institution. But what if you have a bank account that is…

payable on death account
Payable On Death Accounts: Important Issues To Consider
March 15, 2021

Wouldn’t it be nice to know that your loved ones will get their inheritance from you without the hassles and delay of Florida probate? Most people would – and that’s why probate avoidance is a key element of so many…

personal property in Florida estate plan
How Floridians Can Pass Tangible Personal Property to Loved Ones
September 29, 2020

For most people, the ultimate goal of estate planning is to promote family harmony. If your family members get along well, you want your plan to encourage more of the same. If they don’t, you want to avoid adding more…

An Estate Conflict Straight Out of Hollywood
An Estate Conflict Straight Out of Hollywood
April 13, 2020

Here’s an intriguing, somewhat salacious estate planning story straight out of Tinsel Town. It even sounds like a Hollywood movie. Not surprisingly, it involves two marriages, children from both, and of course, big money. Read on and take a break…

Is Probate Really A Problem?
Is Probate Really A Problem?
July 14, 2019

Floridians are continuously warned about probate. Make sure your family never has to deal with probate court! It’s expensive!  It’s inconvenient! Is all this just hype? Or is probate really a problem? Should you build probate avoidance into your estate…

Debbie Reynolds and Carrie Fisher
Estate of Star Wars’ Carrie Fisher goes to probate because funding neglected
August 15, 2017

Carrie Fisher, daughter of late actress Debbie Reynolds and crooner Eddie Fisher, died from a heart attack on December 27 at age 60. When her mother died the following day, many were not surprised: Fisher and Reynolds had an exceptionally…

Living Trust: The Basics
July 2, 2017

The living trust, also known as the intervivos trust or revocable trust, is a useful and popular estate planning tool in Florida, and rightly so. Here are some of the key advantages of this versatile legal instrument. And also, some…

Alan Thicke’s family goes to war over late actor’s estate
June 11, 2017

You don’t need to be rich and famous, or have children from prior marriages, for your estate plan to run into trouble. But it sure does help. Now, the late Alan Thicke joins the roster of deceased celebrities whose families…

Surprise, it’s ancillary probate
July 9, 2016

People who ask The Karp Law Firm to handle the Florida probate of a loved one’s estate often have an inkling of what’s ahead: just about everyone has heard horror stories about the probate courts, particularly the courts in Florida….

Have you funded your revocable trust?
October 16, 2012

What is the difference between a revocable trust that prevents your estate from going through probate, and a revocable trust that’s just a stack of papers? The answer: funding your revocable trust. This is an essential step you must take once…