Month: October 2011

Here is a list of the top ten mistakes people make with regard to their life insurance policies: 1.     The Insured’s Estate Has Been Named Beneficiary.  This would require a probate proceeding, when one of the goals of life insurance is to avoid the hassle of probate.  With named beneficiaries (i.e., not the estate of the insured), the life insurance proceeds…

Effective October 1st, 2011, there is a new Power of Attorney statute in Florida.  There are significant and important changes.  The “durable family power of attorney” is a vital part of your estate planning arsenal, so be sure you consult with an attorney who is aware of these changes in the law.  The new law is summarized below. The new…