Recent Blog Posts
How To Divide Your Estate Fairly Between Your Children
When writing a will or trust, many people are worried about showing favoritism to one or more of their children. Instead, they want to divide their estate fairly so that each child feels appreciated. Nevertheless, sometimes dividing an estate fairly between your children is complicated. In that situation, you are advised to meet with… Read More »
Protect Yourself From Common Financial Scams
Older Americans are ripe targets for all kinds of financial scams. Many have no spouse or adult children living with them, and they might be worried about falling sick and growing old. As a result, savvy scam artists prey on America’s seniors, hoping to hoodwink them into handing over their money. To protect yourself,… Read More »
Be Careful When Paying In Advance For Funeral Expenses
For some people, the thought of planning their funerals ahead of time gives them a sense of comfort knowing that their loved ones will not have the burden of making the plans. In addition, some people like the fact that they get to personally make the plans for their funerals, choosing everything from the… Read More »
Estate Planning Considerations For Your Family
If you are planning on getting married or expanding your family in 2018, you also need to review your estate planning needs and make appropriate changes. After your wedding, you should revise your will and ensure that your spouse is included in your division of assets. Your spouse will have opportunity under Florida law… Read More »
Some Medicaid Planning Basics In Florida
A semi-private room in a Florida nursing home costs over $11,000 a year. And, with most people living much longer, some long-term care is almost inevitable. These costs add up over time, and it does not take long for this expense to erode a financial legacy that it took a lifetime to build. Medicaid… Read More »
Federal Estate Tax Changes In The New Tax Law
The federal estate tax law has not been eliminated as was expected, but it has been changed in a major way. However, under the new tax law, the estate tax exemption limits have been doubled in such a way that fewer people will have to worry about the federal estate tax. Under the old… Read More »
Some Family Limited Partnership Basics In Florida
FLPs have been around for years, but they are just now becoming popular, primarily due to their significant tax advantages under recently-passed laws. They are also relatively easy to set up, but the attorney must be very experienced in these matters, since some complications can arise. Essentially, most FLPs have one general partner who… Read More »
Summary Administration For A Florida Estate
Generally people who are taking steps to get their estates in order for the benefit of their heirs or beneficiaries are advised to avoid probate when selecting the methods through which their property will be passed on. People are usually advised to avoid probate because of the time and expense of it. However, depending… Read More »
Implied Trusts Under Florida Law
Most people who may recognize a trust as an estate planning tool that can help then provide for their beneficiaries after their death. However, not all trusts are used in this way, and one such trust is a constructive trust. A constructive trust is not actually a trust under the general definition of a… Read More »
Administration Of A Foreign Will In Florida
Many people consider Florida a prime location to move after retirement. Because these people may have spent their adult lives in another state, it is likely that they already have their estate planning documents, such as wills, drafted in another state before they move to Florida. If a person dies after residing in Florida… Read More »
