Tag Archives: Millhorn Elder Law Planning Group
Who Should I Choose for my Trustee?
Many people include one or more kinds of trusts in their estate plans, especially the common revocable living trusts. When a grantor creates a trust, he or she also needs to name at least one trustee. Depending on the kind of trust, it may make sense for the settlor to name him or herself… Read More »
Estate and Tax Planning Basics Part 1
Planning your estate involves thinking about taxes. Skillful tax planning can help you to avoid and minimize some of these taxes. This article gives an overview of two of the common kinds of taxes you may need to be aware of when planning your estate. Estate and Gift Tax When people think about tax… Read More »
Pros and Cons of Creating a Florida Life Estate: Part Two – The Drawbacks
In the last post on Florida life estates, we looked at some of the potential benefits of sidestepping probate by conveying real estate using a life estate. This simple and effective transfer allows a life tenant to have unfettered use of the property while alive, while allowing another party to have the ultimate title… Read More »
Is an Estate Plan Part of Your New Year’s Resolution?
It’s true that setting up an estate plan may not be the most tantalizing New Year’s resolution, but it does make a lot of sense. You may be surprised to learn that according to the Static Brain Research Institute, just eight percent of Americans actually keep their New Year’s resolutions, despite the fact that… Read More »
Con Artist Caught in The Villages – Three Rules to Avoiding Elder Exploitation Scams
Just last month, a local man was arrested by the Sumter County Sheriff’s Office. According to The Villages-News, the man had a long history of scamming elderly residents. It seems there were 18 complaints filed against the man, Robert Wayne Williams. He pulled off his scams by posing as a reputable tree service provider… Read More »
Advanced Planning May Reduce the Risk of Elder Exploitation
It is a scenario Florida elder law attorneys have seen too many times. A potential client comes to the office to discuss her mother’s situation. Mom has been suffering from dementia for almost a year, but it is rapidly getting worse. When the client went to pay some of her mother’s bills, she noticed… Read More »
Dispute over B.B. King’s Estate: Executors and their Role
According to NBC, blues legend B.B. King’s will is being contested by family members. Specifically, King’s heirs are challenging the will’s named executor, LaVerne Toney. Toney was King’s longtime business manager, as well as King’s power-of-attorney. King’s family – a representative board of five of King’s 11 surviving children – claims that Toney isolated… Read More »