Small businesses present a particular challenge to Florida Estate Planners. First off, businesses can operate in a wide variety of entities. Secondly, they may be more valuable being carried on […]
As of 2022, the following Estate and Gift tax exemptions are in effect: Estate Tax Exemption – $12,060,000 (U.S. Citizens and Residents) Annual Gift Tax Exemption – $16,000 (U.S. Citizens […]
By Susan Teel Are you storing your will under the sofa cushions? Have you considered the best storage location for your will – your most important financial document? Would you […]
As of 2019, the following Estate and Gift tax exemptions are in effect: Estate Tax Exemption – $11,400,000 (U.S. Citizens and Residents) Annual Gift Tax Exemption – $15,000 (U.S. Citizens […]
In preparing your estate planning documents, we will need the following information. Executor/Successor Trustee – The person or people who will be in charge of enforcing your wishes either through […]
Wrongful death claims in Florida always require a probate administration. This is true whether it’s because of accident or medical malpractice. Florida’s Wrongful Death Act requires a wrongful death action […]
Many Americans are against the so-called death tax (estate tax) as an unfair tax. But the reality is more than 99% of Americans benefit from the estate tax. If you […]
As of 2016, the following Estate and Gift tax exemptions are in effect: Estate Tax Exemption – $11,580,000 (U.S. Citizens and Residents) Annual Gift Tax Exemption – $15,000 (U.S. Citizens and […]
The simple answer is no. Trusts by themselves do not avoid probate, but they make probate avoidance possible. Think of the trust agreement as a box. Anything put in the […]
It is generally recommended that your estate plan be reviewed every 3 to 5 years. Additionally, it should be reviewed prior to or following any major life event. Some examples […]
Asset Protection – Our assets are always at risk. Whether it’s through unknown creditors, accident, divorce, or acts of God; there will always be risks. However, this risk can be […]
Intestacy occurs when someone dies without a will. In this instance, the individual’s property will be distributed according to state law. Also, if the person had minor children and did […]
Couples getting married need to be aware of how marriage immediately changes property rights for both individuals. Intestacy When someone dies without a will, their estate is intestate. Without a […]
If you are getting divorced, or are already divorced, you need to be aware of how the dissolution of your marriage affects your estate plan. It is important to understand […]
You’ve chosen a wonderful state in which to live. We certainly love it; however, any time you change your residence to a new state, there are changes that need to […]
It has long been established in Florida that when a marriage is dissolved (divorce, dissolution or annulment), the ex-spouses are treated as having died before each other. This prevents divorced […]
Few groups have more need of estate planning than parents. Without a plan, parents will have no say to whom their children go in the event the unthinkable happens. Furthermore, […]
Livings Wills in Sarasota Of all the documents included in an estate plan, perhaps none is as important as your living will. Unless you are a judge, this is probably […]
When an individual dies in Florida or while owning real property in Florida, probate is the procedure used to transfer his or her assets to the proper heirs. Some assets […]
One of the most important benefits to parents in estate planning is it allows them to name who their children would go to if they were to pass away. Who […]