Ways To Avoid Challenges To Wills And Trusts
Florida residents may know that when trusts or wills are challenged successfully, it may result in the document being discarded by the court. The distribution of assets may then be made as if this document did not exist. Understanding how this may happen and learning how it might be prevented is important. Challenges must be […]
Britney Spears Still Under Conservatorship After Five Years
Conservatorships are created for individuals who do not have the capability of managing their personal affairs on their own. In this type of legal arrangement, the control of a person’s financial affairs and management of his or her estate is delegated to a conservator. The person who is in need of assistance is known as […]
Fiscal Cliff Deal Changes Estate Planning Strategies In Florida
The recent fiscal cliff tax deal has had significant effects on how people are planning their estates. The most significant aspect of the fiscal cliff deal is the estate tax. The new legislation keeps the exemption for the estate tax at $5.12 million, which is now permanent and can be moved between spouses. There was […]
New Law Helps Estate Planning For Farmers In Florida
The recent bill which was designed to avoid what was termed as the ‘fiscal cliff’ made significant changes to the tax policies in the U.S. Many people in Florida who were concerned with estate planning were watching to see if there would be any changes in the way estates are taxed. The American Taxpayer Relief […]
Estate Planning Is Important For Everyone In Florida
Life can be shorter than one thinks, and it’s best to enjoy every minute of it to the fullest. Along the way, some people may believe that only wealthy people need to be concerned with estate planning. However, taking the time necessary to plan an estate in Florida can ensure that the assets will be […]
Pet Owners Can Use Wills To Provide For Pets In Florida
Pets are like a part of the family for many people. In fact, many individuals treat pets as if they were their children. This is why some pet owners decide to include their pets in their wills. One wealthy businesswoman, who was known for making a fortune owning hotels, famously left her Maltese dog $12 […]
Fiscal Cliff Deal Benefits Estate Planning In Florida
The recent negotiations in Congress regarding the so-called ‘Fiscal Cliff’ had many people looking to plan their estates worried, because they did not know how the changes would affect the estate tax and the gift tax rules. However, at the end of last year Congress was able to agree to make permanent many of the […]
Estate Planning May Prevent Financial Exploitation In Florida
Financial exploitation of the elderly is a growing concern in American society, especially since a large number of people from the ‘baby boomer’ generation are beginning to reach retirement age. Many exploiters may see the elderly as attractive targets because they believe older people have a weaker state of mind and would be less likely […]
Certain People In Florida Procrastinate On Estate Planning
Planning an estate is important for just about anyone. It may be especially important for those in Florida who have significant investments in stocks and other financial products. However, a recent study has revealed that one out of every five investors have not done any estate planning. The study also found that there are certain […]
Gifts During Life Can Support Good Estate Tax Planning
It almost seems counter-intuitive, but giving gifts can be a positive contribution to many estate plans. In Florida as well as elsewhere, estate tax planning and other objectives can be served by gift-giving. This is first of all a tool that can be appropriately used to transfer assets out of a person’s estate while he […]