Estate Planning Video Index
- How Is a Home Calculated for a Divorce?
- Who Executes My Estate Plan?
- What is Advanced Care Planning?
- If a Contract Is Breached, Who Pays the Fees If We Go to Court?
- Can I Help Control My Children From Spending Their Entire Inheritance at 18?
- How Does President Biden’s “American Families Plan” Effect Your Estate Plan?
- Are There Any Tax Implications When an Estate Is Settled?
- Is It Safe to Do a DIY Will Services?
- What is the Difference Between a Supplemental Trust vs Special Needs Trust?
- How Much Can You Leave Beneficiaries Without Facing Estate Tax?
- How Are Creditors Handled in Probate?
- Do I Need a Trust For My Child With Special Needs?
- What Property Can Go Into a Living Trust?
- What Information Do You Share About Me With Other Beneficiaries?
- How Do I Safeguard Protect The Assets Were Left Behind?
- Why Would I Need a Disposition Without Administration?
- What Are My Duties As An Executor?
- Is The Previous Power Of Attorney Still Valid?
- How Do I Get My Deceased Parents Annuity?
- How Do I Dispute Charges On My Credit Card?
- Do I Have To Pay The Decedent Credit Card Bills And Medical Bills From A Joint Account?
- How Do I Check The Tax Status On An Estate?
- My Parents Just Passed Away And They Did Not Have Time To Update Their Life Insurance Beneficiaries, What Can I Do?
- Should You Purchase Insurance on Vacant Land?
- If The Decedents Will Names Me As The Executor/Personal Representative, Can I Show The Will To The Bank And Close The Accounts, In The Decedents Name?
- What Is The Difference Between Will and Estate Planning?
- Do I Need Require a POA For Assets And Healthcare Decisions?
- Does a 401k Have To Go Through Probate?
- Are My Assets Protected If I Place Them In A Trust?
- Do I Have To Pay Income Tax On Money I Receive From An Estate?
- Can a Credit Card Company Put a Lien On My House If I Do Not Pay Them?
- If My Husband Dies, Do I Have To Pay His Medical Bills?
- If I Go To A Nursing Home, Will They Take My House?
- I Am Ready To Retire, What Legal Documents Do I Need?
- Do I Have To Pay My Mother’s Bills When She Dies, If I Am On Her Bank Accounts?
- How Do I Protect My Healthcare Rights?
- Will My Assets Be Protected From Creditor Claims, If I Place Them In a Trust?
- How Do I Decide What Type of Will Is Best For Me?
- What Is Not Covered By Insurance After A Hurricane
- How Do I Handle An Inherited 401k
- What Do I Need To Include In My Will
- When Should I Get A Living Will?
- What Is The Difference Of A Living Will And Medical Power Of Attorney?
- What Is A Testamentary Trust
- How Can I Help My Kids Not Spend Their Inheritance After Turning 18
- Do You Have To Pay Capital Gains Tax On A Home Sale
- What Do I Need To Create A Medical Directive
- WHAT IS A MIRROR IMAGE WILL
- ARE MY ASSETS PROTECTED FROM CREDITORS IF I SET UP A TRUST
- Can I Contest the Handling of Money By My Power Of Attorney Representative
- When Should I Make Updates To My Estate Plan
- Does My Will Have To Be Probated
- Revocable Trust Vs. Irrevocable Trust: What’s The Difference
- What Is a Testamentary Deposit Account
- Does Revocable Trust Need a Bank Account
- What is a Reverse Mortgage
- Why Would I Need to Open a Trust Account
- What Makes Will Invalid?
- How Do I Determine If a Deceased Person Owns Property?
- Can I Legally Access A Deceased Person Email Account
- Who Gets a Deceased Persons Vehicle When It Has a Loan
- How Do I Transfer My Homestead
- How Do I Determine If a Deceased Person Has Life Insurance?
- Who Can Serve as A Personal Representative?
- Can I Legally Drive a Deceased Persons Vehicle?
- What Are the Drawbacks of a Living Trust?
- If I Have a Living Trust, Should I Also Have a Will?
- Does A Living Trust Avoid Estate and Probate Taxes?
- Should Bank Accounts of the Deceased Person Be Closed Immediately Upon Death?
- How Do I Release a Vehicle Lien?
- Who Will Serve as the Personal Representative if There is No Will?
- Is Retirement Income Taxable to a Beneficiary?
- Is It Ever Too Late To Start The Florida Probate Process?
- How Long Does Probate Take?
- What Legal Documents Should Everyone Have?
- Can a Bank Refuse to Honor a Power of Attorney?
- Can a Family Member Override Power of Attorney?
- What is Required to Make a Last Will Legal?
- Where Does the Money Go if No Beneficiary Is Named On My Deceased Spouse’s Bank Account?
- When Is An Estate Too Small For Probate?
- What Estates That Need Probate And Those That Don’t?
- How Often Should I Update My Durable Power of Attorney?
- Do I Need to do Estate Planning Even if I Don’t Have Much Money?
- How Do Assets Pass at Death?
- What is the Minimum Age to Execute a Power of Attorney?
- What is the Uniformed Transfers to Minor Act?
- Can Real Estate Titles be in a Child’s Name?
- How Do I Access Someone’s Bank Account After They Die?
- What Do I Do After The Death Of A Family Member?
- How Do I Designate Where My Retirement Accounts And Investments Go Upon My Death?
- How Does Homestead Pass Upon Death?
- Can A Parent Change Their POA If Their Agent is Not Cooperating With Their Instructions?
- Do Proceeds of “Payable On Death” Bank Account Have To Go Through Probate?
- Why Is It Important To Do Estate Planning If I Have More Liabilites Than Assets?
- How Often Should I Update My Estate Planning?
- Is It Important To Have A Will Even If You Have No Assets?
- Why Do I Need A Durable Power Of Attorney?
- What Is Elder Law?
- Ask Jaleh: Estate Planning Considerations after Medicaid approval.
- Ask Jaleh: Special Needs Planning For People With Disabilities
- How Is Estate Planning I Do In Florida Impacted When I Move To Another State?
- What Can Be Done If My Agent Under My Power of Attorney is Misusing Funds?
- Is a Revocable Trust Preferable to a Will?
- Who Should I Appoint as My Healthcare Surrogate?
- How Do I Obtain a Power of Attorney?
- What Are the Benefits of a Health Care Savings Account?
- Asset Protection Video Index
- What Do I Need to Know About Asset Protection?
- How Do I Protect My Assets From Lawsuits?
- How Do I Protect My Assets From Creditors?
- What Is An Estate Planning Lawyer’s Role When Negotiating A Marital Settlement Agreement?
- How Can Domestic Life Partners Use Estate Planning to Provide for One Another?
- If a Couple Divorces, What are the Right of the Ex-Spouse in the Former Spouse’s Estate?
- Do I Need A Health Care Surrogate For My Adult Son Or Daughter?
- Elder Law Video Index
- Can I Leave Money to My Pet?
- Do I Need a Living Will?
- Can I Prepare Estate Planning Documents for My Relative with Dementia?
- What is a Health Care Surrogate?
- Advance Medical Directives Video Index
- Estate Planning Video Index
- What’s the Difference Between a Will and a Trust?
- Do I Need a Health Care Surrogate if I have a Living Will?
- Published in Estate Planning, Videos
What’s the Difference Between a Will and a Trust?
Video Summary
I’m often asked questions about estate-planning documents and one of those is, “What’s the difference between a will and a trust?” Well, both of them refer to a written document. A will is also called your Last Will and Testament, which takes effect at the time you pass away and controls whatever assets that you have in your name alone. If you have assets titled in your name, they will be controlled by your will and have to be probated.
If you have a trust, that is the name of another document which sets forth the name of a trustee; who the beneficiaries are; and what you would like done with your assets during your lifetime as well as at your death. Most of the time, when people refer to a trust, they are referring to what they call a revocable living trust, wherein they name themselves as the trustee and designate their assets to be used for their use during their lifetime; and then, also provide who they would like to receive their assets upon their death.
In order for a trust to be effective, the assets must be retitled in the name of the trustee; and the trust is effective as soon as it is signed during the lifetime of the person who signs it, which is called a donor or grantor. If you’d like to have a trust set up, please call my office at (727) 847-2288. Thank you.
- Published in Estate Planning, Videos
Do I Need a Health Care Surrogate if I have a Living Will?
Video Summary
Our clients commonly wonder, “If I have a Living Will, do I also need a Health Care Surrogate?” To help you make that decision, you should know that there are two occasions in life when a Health Care Surrogate takes effect.
1. If you are going to expire in the near future and you are unconscious, a Living Will can aid in determining whether life support will be discontinued. The Living Will names the person who will act as your Health Care Surrogate and will make that decision for you.
2. If you have suffered some injury or medical trauma and you are not in a position to make medical decision for yourself, a Health Care Surrogate document names the person who is legally entitled to make those decisions for you. Appointing a Health Care Surrogate in advance allows you to choose a person who you trust to make vital medical decisions in your behalf when you are not capable of doing so. That person may be called upon to make a medical choice that could save your life.
If you would like assistance in preparing a Living Will or appointing a Health Care Surrogate, please call us at (727) 847-2288.
- Published in Estate Planning, Videos