Wyrough Law Firm

01/06/2023

We at Wyrough Law Firm would like to thank our past clients and welcome new estate planning and probate clients. Although we no longer occupy the office at 30 South Shore Drive in Miramar Beach, we continue to work remotely from home and can arrange in-person consultations if needed. Our phone number (850) 650-7797 will continue to take messages and we will respond in a timely manner.

07/23/2022

Choosing a guardian for your child: things to consider

The thought of someone else parenting your child may seem morbid – but life is full of uncertainties. If something happens to you and the other parent, someone will have to step up and take care of your minor children until they turn 18. It is important that you include a guardian for your child

07/15/2022

Are your assets at risk when you apply for Medicaid?

Unlike Medicare, which is available to all older adults past the age of retirement, Medicaid is not a universal benefits program. It is a needs-based benefit and is therefore only available to people who meet specific limitations regarding their income and their personal property. With a few excepti...

07/08/2022

When should you update your estate plan?

Creating an estate plan is the responsible thing to do. However, there’s a misconception that this is a “set-it-and-forget-it” document. This simply isn’t the case. When you create your estate plan, you are creating it for your life then. What happens if things change? Your plans may not ali...

06/22/2022

Here are 3 common reasons why your will can be contested

A will articulates how you want your assets to be inherited when you die. Without one, it would be up to the state of Florida to determine who gets what, and you may not like this. While the will is meant to eliminate potential confusion and conflicts, it is not uncommon for this estate planning

06/07/2022

What happens if you die without an estate plan in Florida?

Getting an estate plan together is one of the best things that an adult can do. This is the way to let everyone which assets you want to leave to which person. This can take the stress off of them while they’re coping with losing you. When a person doesn’t have an estate plan in

06/06/2022

Most people's long-term goals for the future don't fit neatly into a template.

Everyone has unique plans for their legacy.

05/25/2022

The differences between revocable and irrevocable trusts

Trusts can be a valuable part of your estate plan because they enable you to pass down assets to your loved ones in an efficient manner. You can set the terms up for the distribution of the assets when you establish trusts. As you’re working through the process of creating the trusts, you’ll fin...

05/18/2022

No two estate plans are ever really the same

When you think about estate planning, you probably look into the usual topics. Do you need a will? What kind of trust could you benefit from? How do you want to pass on your assets? Of course, it’s helpful to think about these things, but to try to use a standard document or template to

05/09/2022

How do you choose the right person to serve as your trustee?

The trustee overseeing your trust will determine how effective your trust is and how much your loved ones actually receive from the trust. They will have to manage and distribute trust assets while enforcing the rules you put in place when you grafted the documents. A trustee has a fiduciary duty to...

04/25/2022

Can your loved one ask for the help of a guardianship?

Both guardianships and conservatorships are legal arrangements that often occur contrary to someone's wishes. Health concerns or mental health issues have left someone unable to safely and appropriately manage their own affairs, so their close family members or professional caregivers go to court to...

04/16/2022

A no-contest clause in your will could be ineffective

To avoid a dispute of your will, you might have thought of including a no-contest clause. Such a clause serves to discourage the beneficiaries from contesting the will since they will end up with nothing should they lose the contest. Unfortunately, such clauses are not without problems. Here is what...