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 […]
Waltons Use Estate Tax Planning To Keep Fortunes In The Family
There are many reasons why the wealthiest families on the planet are wealthy. Although not every family has an extreme amount of wealth, sometimes families with more modest, yet considerable wealth, can learn something about maintaining their wealth for future generations by looking at what the world’s wealthiest families have done in terms of estate […]
Estate Tax And Gift Tax Laws Subject To Interpretation In Florida
The law is often open to interpretation, which can cause confusion that could lead to legal disputes. Federal laws regarding estate tax and gift tax are sometimes problematic in Florida and other jurisdictions. One reason for this is that these laws deal with valuation of property as well as the applicability of any legal agreements […]
Estate Tax Planning And Beneficiary Designations Can Save Money
Two of the most important aspects to an estate plan is minimizing tax liabilities and ensuring that intended beneficiaries receive an individual’s assets after death. Keeping informed about the most recent changes to estate tax laws is essential for anybody in Florida or across the country. This will help individuals to make the right decisions […]
Estate Tax Planning Slowed By IRS Delays
Estate planning sometimes follows the loss of a loved one, adding to the difficulty in making important decisions. When there are governmental delays in sending out required estate tax forms, it essentially puts the state of estates in limbo.
Ways Of Dealing With Estate Tax
Many Florida residents who are planning for the distribution of their assets when then die may be concerned about future tax liabilities, but the federal estate tax exemption is actually fairly high. For those who still do not qualify for the exemption, there are other measures that can be taken to reduce or eliminate the […]
Estate And Gift Tax Planning Needs Careful Consideration
A former president once said that government is like a baby: a voracious appetite at one end, and no control at the other. That voracious appetite takes the form of taxes, and if you have lived long enough and have made enough money to be able to contemplate estate tax planning, gift tax planning or […]
Preserving Your Family’s Wealth
Have you considered what will happen to the wealth that you have accumulated after you are gone? How much of it will go to your children or loved family members? Will these individuals be capable of sustaining and further growing the Florida business that you have strived to create? These are all questions that one […]
Estate Closing Letters Must Now Be Requested From The IRS
A change in procedures by the Internal Revenue Service could cause delays for beneficiaries of estate assets in Florida. Previously, the IRS would automatically send a closing letter to an estate executor after they had filed Form 706. Once the closing letter was received, the estate executor could begin dispersing the remainder of the estate’s […]
Floridians Advised To Plan Estates Cautiously
According to one financial expert, the estate plans of business owners should have three distinct objectives. These include succession plans that let businesses transfer to new owners and help their original owners retain control via stock. Estate master plans should also incorporate retirement arrangements that let people and their spouses keep up their preferred lifestyles […]