Changes In Laws Affect Strategies For Investing In Trusts
People commonly invest in trusts as part of their estate planning strategies. Trusts can be an effective tool if used correctly. However, it is necessary to adapt to changing tax laws which affect how trusts are taxed. The recent fiscal cliff tax agreement and other changes in tax laws have prompted many in Florida and […]
Zsa Zsa Gabor’s Conservatorship Leads To Selling Of Home
When a Florida resident becomes older, it may be more difficult to take care of daily needs. In many cases, the person may require somebody else to make important decisions on his or her behalf. This is the situation in which former actress, Zsa Zsa Gabor, currently finds herself. The former actress is now in […]
Proper Estate Planning Will Help Heirs Administer Estate Easily
Most people do not particularly enjoy talking or thinking about their own deaths. However, death is a fact of life and this will be something which a person’s loved ones will have to deal with at some point. It is helpful to think about the financial consequences of a family member’s eventual death, since it […]
Probate Judge Gives Grandfather Guardianship Over Children
After a person dies, their assets that have been left behind must be properly distributed among heirs. However, along with physical assets, sometimes guardianship over other people who were dependents of the decedent must also be addressed. Usually, in Florida or any other state, these dependents are either children or elderly parents or relatives. One […]
Life Insurance Trusts May Help Avoid Estate Taxes In Florida
There are many strategies that a person may utilize to plan an estate. Along with a last will and testament, many people in Florida and elsewhere are utilizing life insurance policies and even life insurance trusts in order to achieve their estate planning goals. This can allow people to help their heirs avoid paying additional […]
Planning For Estate Administration Important For Young People
Death is inevitable, of course. However, for many younger Americans in Florida and elsewhere, death is one of the last things on their minds. Many younger people tend to neglect planning for estate administration because they believe only older people need to plan for their own deaths. This line of thinking can be detrimental, since […]
Variety Of Options Available For Estate Tax Planning In Florida
When one considers planning of an estate, he or she wants to make sure that his or her assets are properly transferred to intended beneficiaries after death. However, another aspect to consider in estate planning is estate tax planning. Most people in Florida and elsewhere will want to do everything possible to minimize the estate […]
Estate Planning Prepares For Estate Administration In Florida
Financial planning is important for preparing for the future. In Florida, this can mean a variety of things, ranging from making plans to finance a child’s college education or preparing for retirement. However, one of the most important, yet commonly neglected, aspects of financial planning is estate planning. Creating an estate plan makes it easier […]
Estate Planning Can Benefit Those With Modest Income In Florida
Many consumers neglect to create an estate plan because they believe planning an estate is only beneficial for those who are wealthy. They believe this because the current estate tax laws only affect a small percentage of the wealthiest in Florida and elsewhere. However, estate planning is not only designed for wealthy people to avoid […]
James Gandolfini Neglected Some Estate Tax Planning Strategies
When planning an estate it is important to ensure that one’s intended beneficiaries receive one’s assets. However, another aspect to take into consideration is estate tax planning which can help minimize tax liabilities of the estate. James Gandolfini, who many in Florida will remember as a well-known actor, may have had other objectives outside of […]