The cost of raising a child to the age of majority is staggering. While parents who live together through marriage or partnership can share the expenses associated with bringing a kid to age, those parents who don't live together can find themselves amidst a dispute about who should pay for what with regard to child rearing. In Florida, raising a child is the legal responsibility of both parents, which is why child support orders are issued and are legally enforceable.
Media stories about estate planning usually involve the ultra-wealthy and the famous. Oftentimes these individuals have neglected to utilize the appropriate legal documents to ensure that their assets are passed down without conflict. As a result, disputes sometimes arise which can leave an estate's assets diminished and deceased loved ones unable to recover the assets to which they feel entitled.
Nearly every parent here in Orlando, or anywhere else for that matter, knows that many kids rival the best psychologists, interrogators and con artists in the world. If they can find a weakness in their parents' solidarity, they will exploit it. Even though this is meant to be a lighthearted take on how children attempt to manipulate their parents into getting what they want, it has enough of a bite to keep parents on their guard.
Estate planning is about much more than determining who will inherit a painting, piece of jewelry or a house after an individual's death. It can also be about giving to charity, taking care of one's pets, and planning for a disabled individual's health care. This latter category is significant for many reasons, including the fact that health care costs can quickly eat into the value of an estate.