As a business owner, you are busy – busy running your business, running your household, running your children around. Most business owners are focused on short term gains and goals. The focus is mostly about what can be done in the next 24 hours to level up the business – but what are you doing […]
Category: Asset Protection
A significant benefit of being a Florida resident is the constitutional homestead protections from claims of creditors or forced sale. Those who receive Medicaid benefits, as the homestead is considered an exempt asset.
Without a will, you may be surprised who will get your property under Florida law.
In Florida, what property is inherited by your family if you die without a will (“intestate”) depends on what type of property you own at your death. Property is passed to your heirs in two ways: either outside of probate (“non-probate”), or through a court-supervised process called “probate”. Property Passing Outside of Probate: In many […]
A To-Do List for Estate Planning in St Johns County, Florida
At the Preddy Law Firm, P.A. our goal is to help families in St. Johns County, Florida and the Jacksonville area avoid frustration and fear when it comes to estate planning. By being proactive instead of reactive, a family can save time, anxiety, and money in the case of a loved one’s death. Estate planning […]
Second Marriages and Trust Litigation
In the case of a second marriage, the parent of adult children usually want their children to maintain a relationship with the new spouse. Perhaps the second marriage began when the children were still minors or it may be after they have grown. The biggest misconception of a parent is to prepare estate planning documents […]