Bobby’s Blog

Dispelling Common Myths About Living Trusts

Most people have a general idea of what a Last Will and Testament is and the purpose it serves. However, if you mention establishing a Living Trust, many people will look at you quizzically with no idea what you're referring to, or they'll mistakenly claim that a Living Trust is reserved for "rich people." This is not the case. In fact, there are many misconceptions surrounding Living Trusts. Below are some of the most common myths about Living Trusts and important facts you need to know. Myth No. 1 – I Don't Need a Trust Because I am Not Wealthy This is,...

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Alkaline Hydrolysis – The Future of “Green” Funerals?

In April 2016, Business Insider published an article titled, “Traditional Burials are Ruining the Planet.” More information has surfaced showing the environmental toll that is taken when someone is buried in a traditional casket featuring steel, wood and embalming fluid. Cremation became a popular alternative to traditional burials. In fact, cremation rates have increased to nearly 75 percent in some states, according to the Cremation Association of North America. For those people interested in being even more environmentally-conscious are considering a procedure known as “alkaline hydrolysis.” Is it right for you? Can you even do it in the state you reside in? Find out...

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You Can Now Retire in Margaritaville

If you’re a diehard Jimmy Buffett fan (also known as a Parrothead) you’ll now have the opportunity to go “searchin' for your lost shaker of salt” at Latitude Margaritaville, a new Florida retirement community. Jimmy Buffett is partnering with an Ottawa-based developer called Minto Communities to develop the Margaritaville-themed community in Daytona Beach, Florida. The community will eventually have close to 7,000 homes for residents age 55 and older. The homes will be built on streets affiliated with lyrics to Buffett’s 1977 mega hit “Margaritaville.” For example, you will be able to live on Flip Flop Court, Coral Reef Way or St. Somewhere...

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Important Info You Need to Know About How Divorce Can Impact Your Estate Plan

Most people never expect to get divorced. They love their spouse and anticipate spending the rest of their lives in marital bliss. Unfortunately, the data indicates this is not the norm. In fact, in the United States, nearly half of all married couples wind up getting divorced, according to the American Psychological Association. This is why it is important to be prepared and have as much information at your disposal. Below is a general overview of how a divorce can impact your estate plan. How Divorce Can Impact Your Will When you get divorced, any items or funds that are directed to your...

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