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 […]
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 […]
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 […]
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 […]
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 […]
Even Young College Students Need Estate Planning In Florida
Usually when an adult child leaves for college, the young adult’s parents are proud and do not want to do anything to spoil his or her moment. Parents in Florida and other states have usually made preparations in order to be ready to assist their college-aged children in case they need help with something. Many […]
Proper Philanthropic Estate Planning Important In Florida
Although it is important to enjoy life, it is also important to consider what type of legacy one will leave after eventually passing away. Essentially, this means considering how one will be remembered. In Florida, many people do this through philanthropic endeavors via giving their assets to various charitable organizations. However, it is important to […]
Many Families Unprepared For Estate Administration In Florida
Nobody can predict the future; however, that does not mean that individuals shouldn’t prepare for the future. Unfortunately, many families in Florida and other states are not making the necessary preparations for estate administration in the case of an unexpected death. Approximately 56 percent of families do not have estate plans in place, which leaves […]