Legal | Senior Scene Magazine

When is probate the better way to settle an Estate?

by Senior Scene | Aug 31, 2022 | Featured Article (04), Financial Advice, General Interest, Legal, Magazine

When is probate the better way to settle an Estate? By Attorney Truman Scarborough Probate is required when property is titled just in the decedent’s name without any beneficiaries. A will by itself does not transfer property to the heirs. Probate is needed to...

What should be considered when excluding a child in your estate plan?

by Senior Scene | Jul 31, 2022 | Featured Article (04), Financial Advice, General Interest, Legal, Magazine

What should be considered when excluding a child in your estate plan? By Attorney Truman Scarborough Except for certain rights minor children have in the home, Florida Law does not require that any part of your estate go to your children. This is not the case with...

Can adding children’s names to property create problems?

by Senior Scene | Jun 30, 2022 | Financial Advice, General Interest, Legal, Magazine, Top Story (B)

Can adding children’s names to property create problems? By Attorney Truman Scarborough In the last article, we looked at issues that should be considered before making outright gifts to children. Problems can also be encountered when children are made co-owners of...

What needs to be considered before making lifetime gifts?

by Senior Scene | May 31, 2022 | Featured Article (05), Financial Advice, General Interest, Legal, Magazine

By Attorney Truman Scarborough A comprehensive description of estate planning would include the accumulation, preservation, and gifting of property. While most of our lives are devoted to the acquisition and preservation of assets, in time the focus shifts more to...

The Financial Planning Process and Why You may Need it

by Senior Scene | Sep 30, 2021 | Financial Advice, General Interest, Legal, Magazine, Senior News, Top Story (C)

The Financial Planning Process and Why You may Need it By: Max ValaVanis, CFP® I’m currently going through the dreadful process of painting the interior of my house, and the multitude of greens on the color pallet astounds me. When I proudly walked into...

What may invalidate an estate plan?

by Senior Scene | Feb 1, 2021 | Financial Advice, Legal, Magazine, Top Story (B)

What May Invalidate An Estate Plan? By Attorney Truman Scarborough An estate plan may be successfully challenged if: 1] The document was forged. 2] There was fraud because false information was presented to the person creating the estate plan with an intent to...