Posts

Moving to Florida in 2026? 3 common out-of-state estate planning errors to fix immediately

Image
Relocating to Florida in 2026 is a popular choice for retirees, business owners, and high-net-worth families. While many people plan carefully for taxes, housing, and residency requirements, estate planning is often overlooked. Documents created in another state may no longer work as expected once Florida becomes your legal home. Florida has its own probate rules, homestead protections, and eligibility standards that can quietly override an out-of-state estate plan. Below are three common mistakes new Florida residents make and how to address them early. Why estate planning changes after moving to Florida Many people ask, “Do I need to update my will after moving to Florida?” The short answer is often yes. Florida law treats wills, trusts, homestead property, and powers of attorney differently than many other states. Even if an out-of-state document is technically valid, it may not provide the protections or outcomes you intended. Many of these issues only become visible during the Fl...

Durable vs. General Power of Attorney in Florida: Key Differences

Image
Understanding the differences between a durable power of attorney Florida and a general or limited power of attorney is essential for effective estate planning. Each type serves a specific purpose, with unique legal protections, durations, and practical applications. Florida residents benefit from knowing which document suits their needs to ensure finances and healthcare decisions are handled correctly if they cannot act independently. What Is a General Power of Attorney in Florida  A general power of attorney Florida grants broad authority to an agent to manage finances, sign contracts, and make business decisions. It is effective only while the principal is mentally competent. Once incapacitated, a general POA becomes void. Key Features of a General Power of Attorney Comprehensive authority over finances and property Terminates if the principal becomes incapacitated Useful for short-term situations, such as travel or temporary business management What Is a Durable Power of Attorn...

How to Handle Digital Assets in Your Florida Estate Plan ?

Image
In today's digital age, managing your digital assets is an essential part of your estate planning. With a vast amount of our lives stored online, it's crucial to make sure that your online accounts, cryptocurrency, and digital media are properly handled in the event of your passing. Florida law has specific provisions for managing digital assets, and it's essential to include them in your estate plan to avoid complications during Florida probate. What Are Digital Assets? Digital assets include anything that exists in digital form and holds value. This can include: Online Accounts : Email, social media accounts, and cloud storage accounts (e.g., Google Drive, Dropbox). Cryptocurrency : Digital currencies like Bitcoin, Ethereum, or other blockchain-based assets. Digital Media : Photos, music, videos, and digital art. Financial Accounts : Online bank accounts, PayPal, or other money-management services. Business Interests : E-commerce websites or intellectual property stored o...