Take a look at how people age around the world with this AARP special report: A New Age.
by Michael T. Palermo, JD, CFP, AARP, March 2009
If you live in California or Florida, consider an estate plan that avoids probate. Florida probate rules dictate that every personal representative of the deceased (such as the executor or administrator) “shall be represented by an attorney admitted to practice in Florida,” unless that personal representative is the sole beneficiary of the will. So much for your executor doing it herself or trying to avoid costs! Moreover, both states’ laws authorize—and attorneys often adhere to—a fee schedule based on a percentage of the estate. This results in high fees in many cases where not much legal work is necessary. As for California, court fees were increased in 2003.
From “AARP Crash Course in Estate Planning: The Essential Guide to Wills, Trusts and Your Personal Legacy,” by Michael T. Palermo, JD, CFP, 2005, pp. 92-93
Please leave your comment below.
You must be logged in to leave a comment.
Enter address, city, state, or ZIP code.
Driver Safety (0)
Tax Aide (0)
Entertainment & Dining (0)
Healthcare & Insurance (0)
Financial Services & Insurance (0)
Member Local Offers (0)
Visit the AARP state page for information about events, news and resources near you.
Get tips and resources to protect yourself from fraud and see the latest scam alerts in your state.
Members save 15% on in-store purchases of frozen yogurt, treats and apparel.
Exclusive program for members from The Hartford.
AARP members receive exclusive member benefits & affect social change.
You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits.
Your email address is now confirmed.
Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive.
Explore all that AARP has to offer.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails
related to AARP volunteering. Once you confirm that subscription, you will regularly
receive communications related to AARP volunteering. In the meantime, please feel free
to search for ways to make a difference in your community at