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Siegel Law Group Tag

Protect Your Digital Legacy

Digital legacy planning with Siegel Law Group.

Are you worried about your digital legacy? Don't leave things to chance, let's work together and start planning now. [contact-form-7 id="4289" title="Protect Your Digital Legacy Lead Gen"] Proper estate planning is important to ensure that last wishes, assets, and accounts are handled properly when you or a loved one passes on. The rise of the internet and social media in the last twenty years has created a new exigence for wills and trusts - handling the digital legacy of the deceased. Without usernames and passwords, it may not be possible to recover some digital assets or access online accounts. A recent, tragic...

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Does The Deed to Your Home Agree With The Distributions in Your Will?

Owning a home can be one of your most valuable assets. It is important for homeowners to understand when they buy their house how a Deed impacts the title and ownership and to whom their house passes. Joint Tenants with right of survivorship or Tenants in Common are two common titles that could appear on a Deed, each having its own meaning. Joint Tenancy with right of survivorship states that if you own the house with another person and one of you predeceases the other, the survivor will take full ownership. A Deed titled as Joint Tenancy will take precedence over...

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5 Estate Planning Myths

There are many myths out there about estate planning and this article will address 5 of them. It is important to recognize that falling victim to any of these misconceptions could leave your family in disarray. Planning ahead will save you and your family lots of wasted time, money, and resources. Myth #1 - Having a Will avoids probate. Often clients believe that because they have a Will that their Estate will not have to be probated upon their passing. In actuality, having a Will is a ticket to the probate court. Plain and simple—any time someone has a Will, it...

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Living Will vs. DNR

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Often-times, clients get confused and are not aware that a Florida Living Will, commonly called an “Advanced Directive” is not the same document as a “Do Not Resuscitate Order” (DNR). Nor, is a Living Will the same document as a Will. A Florida Living Will is used for health and a Will is used for money. While the Florida Living Will and the DNR are both health related documents, the Florida Living Will and DNR are not necessarily interchangeable. Clients believe if they have one document filled out, they do not need to worry about the other, but it is...

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Why Young Families Need To Have Estate Planning Documents

Young Families

Young couples have lots of “firsts” to look forward to: moving in together, buying a home, getting married, and having children. With all this excitement it is easy to forget the elephant in the room—having an estate plan in place. Young couples often feel invincible and do not want to have to think about all the “what-ifs” of becoming injured or passing away, leaving their children to grow up without them. But that is what estate planning lawyers are for…to protect you from all the “what-ifs” that life may bring. It is important for young couples to have estate planning documents...

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You Can Trust Your Children, Right?

elderly man and middle-aged man

Most often when parents become elderly, they turn to their adult children to handle their affairs. It is usually the most logical solution - who can you trust more than your own children? Unfortunately, there are certain cases where the logical choice ended up backfiring. Take the case of 87-year-old Ellen and her five children. Her oldest son, Bob, has been given power of attorney by Ellen, which gave him access to all of her accounts. As the saying goes, with great power comes great responsibility and Bob had failed that test when he started stealing most of his mother’s money,...

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It’s Time to Prepare Your Estate Plan

estate plan

The nature of a parent is to worry about one’s children. We worry so often over our children’s education, their happiness, their health. The biggest worry? Who will take care of our children if anything should happen to us? Questions like these are why it is imperative to prepare an estate plan that will protect your children before it is too late. Family estate planning can ensure that the estate remains in the family and that your children are protected and well cared. Guardianship Should something happen to you that may hinder your ability to care for your children, a guardian can...

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Probate & Estate Planning

Everyone Fears It, But Few Know What It Is Typically, people begin estate planning with the intention of avoiding probate. Probate has been given a bad reputation, but there is nothing inherently “bad” about it at all. Probate protects a person’s rights and wishes in the event that they pass intestate, or without a will or trust. With probates, a judge determines the distribution of the deceased’s assets in accordance with state law. Probate can be extremely helpful in cases such as determining a suitable guardian for a minor after the unexpected passing of a parent. What Happens During the Probate Process? The legal procedures...

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Revising Your Estate Plan After Divorce

Divorce can be hard, especially when it involves retirement and Estate Plans. Wills, Trusts, and other Estate Planning documents are rarely on the top of one's mind during the emotional process of divorce.  However, it is critical to take the time to secure and update your Estate Plan to reflect your wishes soon after the divorce proceedings.  Here’s what you should know: 1. Life Insurance Policies After a divorce, it is important to review all beneficiary designations. While some states will automatically terminate a former spouse as a beneficiary, you will want to take the steps necessary to ensure that your beneficiary forms...

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