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We’ve all no doubt heard the phrase “here today, gone tomorrow,” which can speak to the habits of some people of spending money as soon as they get it. This is a bad habit in general, but when it applies to feeding one’s addiction to drugs or alcohol, it carries the added liability of serious health risks, and it also jeopardizes that person’s future both professionally and personally.

If you’ve just lost a loved one and that person has left behind unpaid debt obligations, can those creditors come after you as a relative or heir to pay off the balance? The answer isn’t quite black and white, so keep on reading (or contact the Law Offices of David W. Wilcox) to understand the legal implications of your specific situation.

You’ve done your due diligence and made the right choice to draft a will to ensure your wishes are carried out and your loved ones are taken care of in the event of your passing. That’s a wise decision, but did you know that it is also important to keep your will updated throughout your life, especially as you experience significant life changes and milestones?

According to Florida law, only a person with a sound mind is eligible to create a valid will, living trust, or other estate planning documents. This means that the person must understand the nature of the assets they’re dispersing, as well as their relationship with the potential beneficiaries. However, a person who has cognitive impairment or dementia may face various difficulties when creating their will.

The death of a family member can be extremely emotional for their surviving loved ones. Oftentimes, many individuals find it difficult to deal with the loss and may be unsure about what to do next.

Estate planning to most people means writing a last will and testament and designating who gets what when you’re gone, but though a will can be the starting point for estate planning, you need to consider other options such as a power of attorney for financial affairs and a living will, or advance health care directive. These two legal documents provide protection for you and your loved ones should anything happen to you when, for instance, you become incapacitated.

The home prices across the country have increased, and the median price of a home now stands at nearly $400,000, and Florida comes in at $395,800.

A real estate attorney at Law Offices of David W. Wilcox assists sellers and buyers of residential and commercial property with real estate transactions in Bradenton, Florida, and surrounding counties, including Sarasota County and Matinee County. Attorney Wilcox is dedicated to meeting the needs of both sellers and buyers.

Selling a co-owned property requires the agreement and approval of all the co-owners. However, disputes may arise when one of the co-owners refuses to sell their interests in the property.

One of the major concerns adult-age children have is what will happen to their inheritance if their parent remarries. The answer is complex and will be highly dependent on the specifics of your situation.