Married couples who consult with us frequently tell us they want an “I Love You” Will. This is a will in which each spouse leaves everything to the other; then, when the surviving spouse dies, the remainder goes to the…
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Having a Living Trust as the cornerstone of your estate plan can be advantageous, depending on your particular circumstances and estate planning goals. One notable advantage: A properly structured and funded Living Trust, unlike a Last Will & Testament, is…
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The Karp Law Firm handles Probate and Trust Administration. Last year, three of our dear, longtime clients passed on. All were animal lovers who had named Attorney Joseph Karp as their trustee and personal representative. They instructed him to use…
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The legal term for rejecting a bequest is disclaiming. When you disclaim a bequest from an estate, you are effectively saying: Treat me as if I had predeceased the person who died and left me the inheritance. Then distribute the…
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Many of us own tangible personal property that we want to leave to certain people. These items run the gamut. It can be jewelry, art, antiques, china. It can consist of collections of various sorts: baseball cards, stamps, coins, etc….
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Clients often ask us about how their life insurance policies fit into their estate planning, and vice-versa. In this post we answer frequently asked questions on this subject. We will also tell you about specific traps you should avoid. Note:…
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Do you know who your children are? From an estate planning perspective, the answer may not be as obvious as you think! Inheritance rights under Florida law depend on your child’s status in relation to you. Is the person your…
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Your Personal Representative is the person you select to administer your probate estate after you pass on. Often referred to as an “executor” in states other than Florida, a Personal Representative must be named in your Last Will & Testament….
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Talk about fat cats! When Nancy Sauer died last year at age 84, her precious felines became instant millionaires. Widowed and having outlived her only child, the Tampa resident lavished love on her seven Persian cats: Leo, Midnight, Napoleon, Cleopatra,…
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Probate avoidance is a key feature of many people’s estate plans. In this blog post, we take a deeper dive into one of the perils of probate: lack of privacy. We discuss the potential negative impacts on your family, beneficiaries…
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For the safety of both clients and staff, all our offices will close at noon on Wednesday, October 9 and will be closed all day Thursday, October 10. We plan to re-open on Friday, October 11.
You may email or call us on those days. Staff will be working from home, assuming no power outages, and will do their best to respond.
