The American Association of Retired Persons recommended in 1991 that families make use of trusts in place of wills for certain benefits. The benefits of trusts when it comes to Florida estate administration include disability planning, avoidance of probate, asset protection and inheritance earmarking. There are several different types of trusts, and they can be drafted to fit the specific circumstances of the client.
Millennials in Florida and other states have a reputation for shying away from credit card debt and credit cards in general, likely because the late 2000s recession is still fresh in their minds. But this may not be the case anymore. Credit card delinquencies of 90 days or more among borrowers 18 to 29 are on the rise.