Creating a Trust: What You Need to Know

Revocable Trust

by Estate Planning Attorney Nydia Menendez You have probably heard some common myths about Trusts: “A Trust is only for wealthy people,” or “I don’t have a great deal of assets, so why do I need a Trust?” Others may think “I already have a Will, isn’t that enough?” or “A Trust is too expensive.” But, if this was a True or False quiz, the response to each of those myths would be a big, fat FALSE!  What is a Trust? Here we will be talking about a Revocable Living…

Read More

Points to Consider Regarding a Will

Points to Consider Regarding a Will

by Estate Planning Attorney Nydia Menendez This may be the most myth-dispelling article you will ever read on the topic of Estate Planning. That’s because Wills are the Estate Planning tool with which most people are familiar. And people also believe Wills are sufficient for their needs. In fact, most clients call our office asking to prepare a Will so that they can leave their affairs in order and their loved ones taken care of. But is a Will the best way to do that? Our goal is to clarify…

Read More

What is Guardianship?

What is Guardianship

by Estate Planning Attorney Nydia Menendez When people hear the word “Guardianship”, they tend to think of someone taking care of a minor child. However, Guardianship also comes into play when someone over 18 years old is alive but does not have capacity to care for themselves or manage their affairs. The incapacitated person, who could be a minor, someone with special needs or a disability, or any person who has lost capacity, is the Ward. The person with responsibility and authority over the Ward is the Guardian. The Guardian…

Read More

Probate: A Nightmare to Avoid

Probate Court

by Estate Planning Attorney Nydia Menendez When someone passes away, their estate consists of everything left behind, including all the deceased person’s assets. Many people think a Will is the key to planning and leaving their affairs in order for when the time comes. But that is not the case. In fact, Wills are very ineffective because they must be administered by a court through the probate process. Simply stated, when someone dies, with or without a Will and nothing more, the dreadful probate process is required. There are several…

Read More

Estate Planning – Six Critical Considerations

by Estate Planning Attorney Nydia Menendez Everyone has an Estate, including you. But what exactly is an Estate? It’s everything you own, and everything that is left when you pass away. Estate Planning, then, is having a plan in advance to ensure that when the time comes, your wishes are carried out with respect to matters related to your health, your person, your children and grandchildren, and, yes, your assets. 1 – The Most Basic Form of Planning The most obvious aspect of Estate Planning is planning for our own…

Read More

Benefits of Hiring Auto Accident Attorneys in Royal Palm Beach FL

auto accident

Accidents happen every day. While this is true, if someone is the victim of an accident that was determined to be the fault of someone else who acted in a negligent or reckless manner, they may have the right to recover compensation. When pursuing this compensation, many accident victims want to try and handle the process alone. Typically, this isn’t the best option. Instead, hire an Auto Accident Attorneys in Royal Palm Beach FL. Some of the services offered by legal representation can be found here. Understanding of the Law…

Read More

Was Aretha Franklin’s Will Found in The Sofa Cushions?

aretha franklin

by Estate Planning Attorney Nydia Menendez Aretha Franklin was known as the Queen of Soul. Her tunes were not just harmonically excellent, but the lyrics were inspiring, uplifting and absolutely empowering. Remember, Aretha hit big in the post Civil Rights era. So, in my eyes she was iconic on so many levels. Aretha passed away in March of 2018. She was only 76 years old. When she died her family believed she had no Will or any other form of Estate Planning. Under Michigan law, that meant her Estate would…

Read More

Robin Williams’ Estate … No Laughing Matter

robin williams

by Estate Planning Attorney Nydia Menendez When Robin Williams performed his comedy and acting, he relied on precise language delivered with perfect timing. Unfortunately, those concepts didn’t make it to Williams’ Estate Plan. Ambiguous words and phrases in his documents created agony, fighting, and great expense for the heirs of the estimated fifty million dollars in assets Robin Williams left behind. For example, one of Williams’ homes was given to his widow, Susan Schneider-Williams. The Trust stated that Susan would receive the home and, “all costs related to the residence,”…

Read More

Why Did the Agent’s Wife Get Wealthy from Marilyn Monroe’s Estate?

Marilyn Monroe Estate

by Estate Planning Attorney Nydia Menendez Marilyn Monroe was an American actress, singer, and model, well known as a global symbol of beauty and glamour. Marilyn grew up in an orphanage and foster homes because her mother spent most of her adult life in mental institutions and Marilyn did not have a relationship with her father. The actress had a passion for reading poetry, even writing some herself. She loved animals, cooking and children. Marilyn got divorced three times and did not have children of her own. Sadly, she died…

Read More

Estate Planning – Bringing the Elements Together

Estate Planning – Bringing the Elements Together

by Estate Planning Attorney Nydia Menendez We all have an Estate. Estate Planning is the process of designing a plan in advance so that no matter what happens, you are always in control of that Estate. Your Estate includes your person and your assets – your stuff. Should you pass away, what remains are your assets. These comprise your Estate. A proper Estate Plan must also plan for the possibility of incapacity. Statistically, 70% of persons over the age of 65 will experience some form of incapacity during their lifetimes.…

Read More