Is there privacy in probate?
An often-asked question from potential clients is whether probate matters can remain private and protected from the public eye. Most people want their personal family and financial affairs to stay private. But, if you have a will, it must be deposited (filed) with the probate court after your death. (To be technical, the custodian of […]
Democrats Drop Estate Tax Change That Would Also Affect Florida
When a person dies and the decedent’s assets are transferred to another party, those assets are subject to taxation. The estate tax has been under scrutiny by lawmakers for the past several years. Some politicians want to continue the tax breaks started during the Bush administration; however, the Obama administration is proposing to end the […]
Trusts Becoming More Popular For Estate Planning In Florida
Planning one’s estate is an important endeavor, which should not be ignored. It is best to avoid procrastinating on making these decisions. Estate planning in Florida or elsewhere can come in many different forms. One form of asset protection which has seen an increase in popularity is using trusts. This method comes with a variety […]
No Need To Procrastinate With Estate Planning In Florida
Many people are waiting until next year before dealing with planning their estate, since they do not know whether new estate planning laws will be in effect by next year. Some people in Florida with a higher amount of assets are uncertain how future laws will affect their estate planning decisions. However, one should not […]
Being Honest About Debt Will During Estate Administration
After a person passes away, their heirs and family will be responsible for dealing with distributing the person’s assets and money. Estate planning before death can significantly help intended beneficiaries navigate through the estate administration process while also avoiding costly court fees associated with probate proceedings. One of the most important steps in Florida estate […]
Tax Liability Not The Only Important Thing In Estate Planning
Estate plans help make sure one is prepared in the case of one’s death. Although this is an uncomfortable topic, it is an important one to address. There are a variety of goals which people have in mind when making an estate plan in Florida or in any other state. Most people usually focus on […]
Celebrities Guilty Of Estate Planning Mistakes
Celebrities are really just normal, everyday people. They can make mistakes just like everybody else does in Florida and in any other state. Many of these mishaps revolve around financial planning decisions by celebrities. Some of these financial mishaps involve celebrities making significant estate planning mistakes. Among the celebrities who reportedly made poor decisions regarding […]
Digital Estate Planning Is Important In Florida
With the advent of technology, people’s lives have become in many ways more efficient. The Internet was especially instrumental in taking society to the next level of convenience, enabling people to pay their bills online and allowing instant communication in a variety of different forms and mediums. However, despite the conveniences of the online world, […]
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 […]
Multi-Millionaire Fails To Do Estate Planning Before Dying
Roman Blum was a multi-millionaire who had accumulated his fortune mostly through real estate investments and transactions. Blum, who recently died at the age of 97, left behind a $40 million estate. However, Blum made the mistake that many in Florida and elsewhere are making. He failed to do any estate planning, which may result […]