A Lesson in Protecting Your Property Rights in Florida, Part One

If you own a home in Florida, you probably know that there are a few circumstances that can threaten your rights as a property owner. At Grimaldi Law Firm, we aim to keep you, your finances, and your property safe, which is why we’re sharing all you need to know about protecting your property rights.

Unfortunately, running into problems as a homeowner may sometimes have nothing to do with you at all. If you’re purchasing a home that was once owned by someone else, it’s important to go the extra mile to ensure you’re not stepping into their mess, literally or figuratively.

Take, for example, this story about an unknowing couple from Missouri:

The Parker’s* had purchased a home from their landlord, who had previously taken out a loan of almost $420,000 to invest in multiple properties. When a title search was performed, this lien was missed, so instead of paying off the lien with the Parker’s money, the landlord received the funds instead. Despite being up to date with their own mortgage payments and doing everything by the book, their former landlord’s bank sent a letter to the Parker’s saying that their home would be auctioned since no payments had been made towards the lien.

Scary situation, right? Imagine being told you had to cough up a huge amount of cash because of someone else’s mistake?

Luckily, the Parker’s Real Estate Attorney had advised them to purchase an Owner’s Title Insurance Policy. Without the help of their attorney, the Parker’s would have never been educated on the potential “what if’s” of buying their new dream home. Their lawyer’s advice kept them from ending up with a foreclosure sign on their front lawn, and also shielded them from having to be responsible for some serious debt. In the end, this insurance policy meant that the title insurance company was responsible for paying the lien. The Parker’s kept their home.

Because the couple purchased an Owner’s Title Insurance Policy, the title insruancecompany paid the lien and the husband and wife kept their home.

 

There is no better decision to make when buying a home in Florida than to hire a Florida Real Estate Attorney who is on your side. Only your Real Estate attorney can:

 

-          Answer your legal questions pertaining to your closing.

-          Decipher the ‘legalese’ of any documents you are signing.

-          Resolve any issues with the title and/or existing contract.

-          Give you legal advice as needed.

And this means ensuring that all research is done so that you’re never left in a lurch. This is exactly what we mean when we say that at Grimaldi Law Firm, your future is our present.

*Names have been changed for privacy

Melinda Grimaldi is an attorney in Hollywood, Florida, whose practice is concentrated in the areas of commercial and residential real estate and estate planning law. 

She can be reached at (954) 491-8707

or

melinda@grimaldi-law.com

Special Note

The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an experienced real estate attorney. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.

 

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Two Ways to Protect Your Real Estate Assets with Grimaldi Law Firm

One of the biggest purchases you’ll ever make in your life happens when you decide to buy a home. Owning real estate means there are important assets in your name, and you have likely taken steps to protect your real estate assets in case something should happen that causes damage or even the loss of your home.

But have you considered the importance of protecting these assets from potential lawsuit or probate case?

Whether the home you own is the one you go to after a long, hard day, or it’s the one you purchased to rent out to other tenants, Grimaldi Law Firm, a leader in Real Estate Law in Hollywood, wants to help you protect every part of your assets. It is just as common for a landlord to jeopardize losing the property he owns after being sued by his renters as it is for your death to cause a family feud over your home or real estate investments or have it be stuck for over a year in probate.

Neither of these risks are one’s worth bearing.

Working with Grimaldi Law Firm for your real estate needs means getting your real estate done right. This includes giving you the two tools for real estate asset protection:

Limited Liability Companies (LLCs)

If the real estate you own is earning you income, then going the LLC route is a great option. Setting up an LLC means you will be able to protect your personal assets from any claims or lawsuits brought against you as a result of being the owner of the property. Your liability is limited to what is owned by thye LLC. In addition, having the LLC associated with your property brings a level of security and anonymity. It is especially important to seek counsel when developing an LLC so that you can ensure you have the guidance you need in order to maintain the LLC and continue to comply with the rules associated with it.

Trusts

A revocable trust, can be changed at any time without the consent of the beneficiaries offers flexibility, privacy and the ability to avoid probate. . Another bonus? Your assets stay within the control of your family.


If you have multiple properties, not to worry! Combining LLCs and trusts in order to ensure your real estate assets are protected is a common practice. Let’s sit down and decide the best course of action to keep you protected and out of court.

Because at Grimaldi Law Firm, your future is our present.

Melinda Grimaldi is an attorney in Hollywood, Florida, whose practice is concentrated in the areas of commercial and residential real estate and estate planning law. 

She can be reached at (954) 491-8707

or

melinda@grimaldi-law.com

Special Note

The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an experienced real estate attorney. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.



 

 

 

Closing on Your New Home in Florida? Here are 6 Things You Need to Know!

When purchasing a home in Florida, there is quite a bit to consider before packing your flip flops and swimsuit. Purchasing a new home comes with a lot of planning, and as you approach the finish line and get ready for your closing, there are a few things you’ll need to do.

Knowing what to expect and how to make the home buying process as easy as possible for you and your family is a Grimaldi Law Firm mission. This is a time where you’d like things to go off without a hitch, and we understand that.

So, what should you plan for when getting ready to close on your dream home?

1.     Hiring a closing agent

A closing agent is an impartial third party who plays the important role of overseeing the final details of a real estate transaction, like collecting funds, etc.  Relying on a title company to help you close on your new home is not the best option. By hiring a real estate attorney as your closing agent, you will get the most bang for your buck. Here’s the thing: While a title company may make sure that the title to your property is clear and be able to offer you title insurance to protect the lender and/or owner, a title company does not represent you. A Real Estate Attorney Closing Agent does all that plus here are a few other things your attorney can do that your title company cannot:

- Answer your legal questions pertaining to your closing.

- Decipher the ‘legalese’ of any documents you are signing.

- Resolve any issues with the title and/or existing contract.

- Give you legal advice as needed.

-Represent you in the event there is a conflict during the process.

-Protect your “Good Faith Deposit” if there is a claim.

2.     Making a “good faith deposit”

A deposit made in good faith on your soon-to-be new home shows the seller that you’re serious and ready to business. Once you have made an offer and are under contract for your future home, your good faith deposit is put into an escrow account, where they will be held until closing.

3.     Having a title search conducted

Knowledge is power, and a title search on the home of your dreams could uncover some problems you may not want to deal with down the road. This will help you determine whether there are any issues with the title such as liens against the property. If a problem is discovered, not to worry, this usually can be resolved by your real estate attorney before you even know about it. Once the search is complete and any problems are dealt with, the closing agent can then provide you with a title insurance policy to take you the next step.

4.     Lender’s and Owner’s Title Insurance Policy

Speaking of title insurance, it’s important to know that there are two types of coverage you’ll need when purchasing your home. There is something called a Lender’s policy, which protects the lender for the amount of the mortgage loan and an Owner’s policy, which covers the homebuyer for the amount of the purchase price.  Title insurance is a important took to protect your investment with a one-time premium payment.

5.     Receiving a Closing Disclosure

A closing disclosure is you closing statement which includes all your debits, credits, costs and expenses for the purchase.  When you are down to the wire and getting ready to close, did you know that by law your lender must provide you with a closing disclosure at least three days prior to closing? If any major changes are made in this period between receiving the closing disclosure and the closing date, a new disclosure must be issued.

6.     The last step: Preparing for Closing

You’ve dreamt about it. You’ve stressed over it. You’ve planned and plotted and packed and waited as patiently as possible. And just like that, your closing date is around the corner. Your team of Real Estate professionals have likely been working around the clock to make sure all of your paperwork is in order and has been handled appropriately. Now is the time to make sure you are briefed on what you’ll need to bring to your closing. Most closing agents require a wire for the funds that you will need to bring with you in order to close.  Make sure to call the closing agent’s office to ensure that you received the correct wire instructions as wire fraud is unfortunately not an uncommon practice.  Additionally, you’ll need to bring your government issued ID so that your signature can be notarized.

Grimaldi Law Firm, a leader in Real Estate Law in Florida, loves to celebrate the home buying process right along with you. We know just how exciting, and challenging, the process can be. Allow us to help you make this, the biggest purchase of your life, a smooth one, by having your back during the real estate process.

At Grimaldi Law Firm, your future is our present.

We can be reached at (954) 491-8707

or

melinda@grimaldi-law.com

Special Note: The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an experienced real estate attorney. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.

Grandparents and Estate Planning in Florida

At Grimaldi Law Firm, a firm focusing on estate planning in Florida, we know that there is nothing quite like the grandparent/grandchild relationship. For those of us lucky enough to experience it, it is clear why this relationship is considered to special.

But as with any relationship, things can change when you least expect it.

What happens when, in the case of an extreme emergency, the grandparent needs to become the parent? Or if there is a divorce in the family that affects a grandparent’s ability to have visitation with their grandchild.

Believe it or not, these instances are becoming more common with each passing year.

This is particularly an issue you’ll want to be aware of if your child has a close relationship with your parents, or if you are a grandparent who wouldn’t want something like this to affect your relationship with your grandkids.

On the flipside, you may choose not to have a relationship with your parents, and want the same for your children. It is important to consider that in the that event something happens to you, rules must be put in place so that your child or children are not handed off to their grandparents.

How do we cover all bases so that we can avoid one of these situations?

Organized planning by way of an Estate Plan with Grimaldi Law Firm of course.

Here are a few scenarios to consider when deciding how you’d like to maintain, handle, or protect the grandparent relationship you’ve established for your family:

Grandparents as guardians

If your child as a close relationship with your parents or in-laws that you are happy with maintaining, put it in writing. Nominating the grandparents as legal guardians of your children in the event that something were to happen to you, will ensure that they will be able to enforce that through the courts. Remember, without this nomination, grandparents are not necessarily entitled to legal rights of their grandchild.

Steering clear of the grandparents

Lots of things happen within families that could lead you to want to put the lid on a potential relationship between your children and your parents. In that event that both you and your partner pass away or become incapacitated, it’s likely that the set of grandparents you’re trying to steer clear of would become the first option as caregivers by the Court system. This is yet another reason to name legal guardians for your child or children in the event of a tragedy.

If you did choose someone else and wanted to avoid having your parents find out about this we could help you prepare a plan for this as well.

Finally, if you are a grandparent who takes care of your grandchildren on a regular basis, a health care surrogate designation is an important tool so that you would be able to take your grandchild to the doctor or hospital if the parent is traveling or unavailable.

There are so many things to think about as a parent, and so many more to consider when thinking of the best possible future you can create for your child. Let’s sit down for a Family Planning Session and create a plan that helps put you at ease knowing that your children will be cared for according to your wishes and desires.

At Grimaldi Law Firm, your future is our present.

We can be reached at (954) 491-8707

or

melinda@grimaldi-law.com

Special Note: The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an experienced real estate attorney. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.

If You're the Parent of a High School Graduate, READ THIS!

In the blink of an eye, our children grow up. No matter how old your child is, it’s as if each time you glance in their direction your first thought is,

How does time fly by so quickly?”

This is especially true if you’re the parent of a recent high school graduate.

First, congratulations. At Grimaldi Law Firm, a law firm that focuses on helping families through various changes in their lives, we know what it takes to make it to this point in your child’s life.

It takes a lot of time, energy, and dedication to raise a child through their adolescence into early adulthood. Now that they’re on to this next major step in their lives, we’re sure you’re going to want to protect your child just as you did for the last 18 years.

Before you send your child off into the world, whether it be to their dream university or a job across the country, it’s important that you understand the legal rights your child will now have. Turning 18 brings about a hefty dose of responsibility in the legal sense.

Even though they will always be your babies, a child is not longer considered a child once their 18th birthday rolls around – at least not in terms of the law. Unfortunately, even though Mom and Dad may know best, you will no longer have the legal right to make some of the decisions you once made for your children. This includes access to their health care information, school records, and even financial records, at least not without their permission. 

Here are some steps you should take before your child flies the coop, that will help ensure your peace of mind and their safety once they are out in the world on their own:

Add the ICE app to your child’s phone.

Speaking of phones, you’ll want to take advantage of an app called Ice, which stands for In Case of Emergency. This is another way to ensure that you will be contacted should your child have an emergency. Add the ICE app to the home page of your child’s phone and make sure that it lists your contact information.  Your child is more likely to always have their phone with them than to carry a printed card or document with the same information.

 Create an advance healthcare directive

A healthcare directive that will allow you to access their medical records and make medical decisions for them in case your child becomes incapacitated is critical once they reach adulthood.  You will need this in case of an emergency. At Grimaldi Law Firm, we can help you create an advance healthcare directive and modify it down the line if need be.

For more information on protecting your baby now that they’ve reached adulthood, call our office to schedule a time for us to sit down and talk about a Family Planning Session. Together, we can identify the best ways for you to ensure the security of your children as they go off into the world on their own for the very first time. This is one instance in life where you’ll certainly want to have all of your bases covered.

 Visit us anytime this Summer for a Family Planning Session and we’ll waive our $750 planning fee PLUS create a free healthcare directive for your young adult child.

 At Grimaldi Law Firm, your future is our present.

We can be reached at (954) 491-8707

or

melinda@grimaldi-law.com

Special Note: The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an experienced real estate attorney. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.

 

Naming a Beneficiary for Your Life Insurance: What NOT to Do

Life insurance is important piece of your estate plan.Naming a beneficiary for your life insurance policy is a generous and caring act.  When you make the decision to meet with an estate planning attorney, it is crucial to have your beneficiary designations for your policies reviewed.

That’s why, as a leading estate planning law firm in Hollywood, we take our time to carefully educate our clients on best practices for naming beneficiaries.

Even though your intentions are good and you simply want the best for the ones you love, mistakes are easy to make if you are not educated on the matter. If you aren’t choosing beneficiaries appropriately, you could end up having an estate planning nightmare!

Here are nine common errors to avoid when assigning a life insurance beneficiary:

1.     Naming a person with special needs

Not only might this person be unable to handle money on their own, if a special needs person receives a lump sum of money in the form of an inherited life insurance policy, they are at risk for losing eligibility for government assistance.

2.     Naming a minor child

Even if this is your only child, you do not want to leave an entire life insurance policy to someone who is underage – life insurance companies will not pay out your policy to a minor child. The best way to leave money for anyone underage is to set up a trust account, and have it managed by an adult that has a relationship with your child.

3.     Using Your Will to designate who will benefit from your life insurance

Your will is one document, and your life insurance policy is another. Your will cannot override your life insurance policy. Despite what your will says, the life insurance money will be paid to the beneficiary listed on the policy.

4.     Forgetting tax implications

For the most part, life insurance proceeds are income tax-free, however, they are subject to estate tax. It is important to consult a professional, such as Grimaldi Law Firm, with any questions related to estate taxes and life insurance policies.

5.     Forgetting to update beneficiaries as life changes

Unfortunately, many people assign life insurance beneficiaries at one point in their lives and forget to update this choice as life changes. For example, in the case of divorce, would you really want your ex-spouse inheriting your policy? Don’t forget to review your policy as change occurs in your life.

6.     Keeping secrets

If you’ve taken out a life insurance policy and named a beneficiary, don’t keep it a secret! It is imperative that your beneficiary or trusted family members are made aware of your policy, where it is, and how to find it, should something happen to you.

7.     Overlooking the details

The deal is in the details, and you’ll want to be as specific as possible when naming your life insurance beneficiaries. For example, naming your “child” as a beneficiary is not a good choice. Naming your “child” Michael is a much better way to ensure there will be no mistakes made in the designation of your monies.

8.     Eliminating strings

When it comes to life insurance policies, it is always good to have strings attached. For example, leaving money to a young adult child without rules is a guaranteed way to have it mishandled. How about someone with substance abuse issues or mental illness?  Using a trust, you are able to assign guidelines and boundaries to how and when money is given to your beneficiary, to ensure it will not be spent frivolously or carelessly.

9.      Naming only a primary beneficiary

We know that for many people, there may only be one true person in your life worthy of your policy. But what happens if they predecease you? It is always good to have a backup plan in any situation, and especially in the situation of naming a life insurance beneficiary.

For more information on how to get your financial affairs in order, Grimaldi Law Firm is happy to answer your questions in a Family Planning Session.

At Grimaldi Law Firm, your future is our present.

We can be reached at (954) 491-8707

or

melinda@grimaldi-law.com

Special Note: The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an experienced real estate attorney. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.

 

 

 

 

 

What You Need to Know About Refinancing Your Home Loan

When it comes to refinancing your home loan in Florida, there are a few specifics to be clear on. At Grimaldi Law Firm, a real estate law firm in Hollywood, educating others on the benefits of refinancing is a common practice.

The first thing to know about refinancing, of course, is what it means.

 Refinancing is the process of swapping out loans, moving debt to a different loan or lender.

Sometimes a refinance is required or sometimes it is a strategic move.  Many people take the refinancing route as things change in their lives, more commonly when looking to:

Save money

Refinancing into a loan with a lower interest rate will help you save big over time. Also, it is  helpful if you are currently paying mortgage insurance.  Mortgage insurance is required by a lender when your down payment is not big enough.  A few years after your purchase, if there is enough equity in your home, you can refinance so you can remove that requirement and lower your monthly bills.

Renovate or update your home

Renovations or home updates can be costly, which is why many people refinance their loan before doing so. If you have equity in your home and can take some out to make any changes that will add value to the home, this is a great opportunity. If that roof is ready to be replaced or your kitchen is still stuck in the same decade you bought your house in, consider refinancing.

Consolidate debts

Refinancing is a great option to consider if you’ve accrued unexpected debts over the years. It makes sense to consolidate loans into one lower-interest loan so you’re not spending a fortune on interest and fees.

Shorten your loan term

Originally took out a 30-year loan term? Refinancing can help you shorten the term, which is a smart option if you’re looking to pay off the loan more quickly.

Change your type of loan

There are benefits to refinancing or changing your loan type that don’t involve saving money, as well. These benefits include choosing a fixed-rate loan if you originally took out a variable rate loan, for peace of mind that your rate is locked in. 

While there are disadvantages to taking out a loan it is always wise to connect with a professional real estate attorney to determine if it is the right move for you.   

If you’re ready to refinance, you are required to get a title insurance policy for your new lender. Grimaldi Law Firm will act as your closing and title agent to ensure your old mortgage gets paid off in full.. Additionally, we will provide your lender with all necessary documentation, such as the title work and issuance of the title insurance policy.  Most importantly, at Grimaldi Law Firm, we will help you reduce your closing costs by repurposing some of the items you used when you purchased your property like your survey or prior title insurance policy.

Make an appointment with us today to learn more about your options and whether or not refinancing is a good idea for you.

At Grimaldi Law Firm, your future is our present.

We can be reached at (954) 491-8707

or

melinda@grimaldi-law.com

Special Note: The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an experienced real estate attorney. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.

 

Diagnosed with Dementia? Here's What to Do Next

A dementia diagnosis affects more than just the person diagnosed. For years, we’ve watched Alzheimer’s disease strike the ones we love, affecting more than five million Americans – and growing.

Often known as “the long goodbye,” Alzheimer’s disease comes with a set of issues that can affect your family for years to come if not dealt with appropriately and in the right time.

 These issues are ones we’d like to help you avoid at Grimaldi Law Firm in Hollywood, Florida.

Maria Shriver, proud champion of Alzheimer’s disease research efforts, knows the devastation of the disease firsthand.  Her beloved father, Sargent Shriver, founder of the Peace Corps and one-time candidate for Vice President of the United States, died of the disease in 2011 after being diagnosed in 2003.

Below are the five things that Shriver recently reported for NBC.com about what Alzheimer’s or dementia victims should do once a diagnosis has been confirmed:

1.     Execute powers of attorney and advance medical directives. 

Before cognitive impairment deteriorates, executing powers of attorney will allow for peace of mind. Appointing a trusted person to take over any financial and medical decisions in your place as the diseases progresses will mean you’ll be taken care of safely and appropriately.

2.     Create a will.

If you have not already created a will that carefully lays out how your assets will be distributed upon your death, now is the time to create one.  If you have already created a will while in good health, it would be wise to make necessary updates to beneficiaries or the addition of any assets you have acquired since creating your first draft. 

3.     Create an estate plan. 

Preserving your assets is a critical step once you are diagnosed with Alzheimer’s or other forms of dementia. An estate planning attorney can help you preserve these assets for the future which will ensure any long-term care you may need will be covered.

4.     Communicate

Receiving any diagnosis is not easy, but now is the time to openly communicate with family members, for emotional support, and especially to make important decisions for your care. Let them know where important documents are stored and be honest about your wishes and needs.  Part of our planning together will mean creating a recorded copy of your wishes for your family, to achieve clarity on your plan.

5.     Do not procrastinate. 

Receiving a progressive disease diagnosis such as Alzheimer’s and other dementia diseases means time is of the essence. Regardless of your age and current health status upon diagnosis, dementia will not wait until you have your financial affairs in order. Immediate action is necessary to put these protections in place for you and your family. 

More information and inspiration on dealing with Alzheimer’s and other dementia diseases can be found at MariaShriver.com.

Call Grimaldi Law Firm to schedule a time for us to sit down and talk about a Family Planning Session, where we can identify the best ways for you to ensure your legacy remains protected and financial security will be guaranteed for your family.

At Grimaldi Law Firm, your future is our present.

We can be reached at (954) 491-8707

or

melinda@grimaldi-law.com

Special Note: The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an experienced real estate attorney. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.

Estate Planning for Children with Special Needs

As a leading estate planning attorney in South Florida, we are often faced with many questions regarding how to best plan for your financial future when children are involved. One important issue that must be prepared for properly, is how to set up your estate plan when you have a child or children with special needs.

At Grimaldi Law Firm in Hollywood, Florida, we make sure to not only educate parents about their rights and best practices, we ensure that your estate plan will have your child’s best needs at heart.

First things first: all parents, no matter their children’s age, learning capabilities or physical abilities, must have an estate plan.

 But just having a plan is not enough.

Here are three ways to ensure that your child with disabilities will be properly taken care of when you are no longer around.

1.     Do not leave anything directly to your child with special needs

One of the most important things to bear in mind when assembling your estate plan is that if your child needs to be cared for by you now, they will likely need caring for once you aren’t around, especially when it comes to handling finances. Instead, your estate should, at a minimum, flow through your own will into a special needs trust for your child's benefit. A properly drafted special needs trust will protect your child's benefits and allow your estate to be utilized as you intended without interference from outside sources.

 2.     Appoint a guardian carefully

Now is the perfect time to appoint someone that will be responsible for taking care of your child in the future. Because this kind of care will involve more time and attention than a typically-developing child would need, it is important to ensure you are choosing someone not just based on their relation to your child, but on how capable they are of caring for someone with special needs.

3.     Don’t forget about life insurance

You may have innocently listed your special needs child as a beneficiary to your life insurance policy, and that’s okay – this is common! While you are getting your financial plans in order, it’s important to remember that your life insurance policy should also be protected so that your child will not have outright access to its sum. Instead, place your child's share of these important assets into a properly configured special needs trust. And make sure to address these complicated tax issues first

Lastly, don’t forget to have this conversation with family members as well. While they may feel they are doing the right thing in leaving your special needs child money or property, you’ll want them to also understand the intricacies of estate planning for children with special needs.

And of course, for all your estate planning needs, Grimaldi Law Firm is here to answer any questions you may have. Contact us today to set up a Family Planning Session.

At Grimaldi Law Firm, your future is our present.

We can be reached at (954) 491-8707

or

melinda@grimaldi-law.com

Special Note: The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an experienced real estate attorney. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.