Disclaimer Trust May Be Answer To Estate Tax Changes In Florida
There are various aspects to consider when estate planning. One of these factors may require considering the tax implications of planning an estate. This is especially pertinent to some people, since previous cuts to the estate tax are set to expire at the end of this year if Congress does not act to extend them. […]
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 […]
Use of Preneed Guardian Designations
An individual’s personal decision to name a preneed guardian may prove to be vitally important. A competent adult is permitted to select a preneed guardian by making a written declaration that names a specific guardian to serve in the event of the person’s incapacity. Section 744.3045(1), Florida Statutes. In the event that a proceeding to […]
Kinship Guardianship Faces More Challenges Than Other Families
It is becoming increasingly more common for children to grow up in the care of relatives other than their parents. This is especially true for states such as Florida, where this type of guardianship accounts for 40 percent of the children in foster care. Some critics argue that the state should increase assistance to children […]
Palm Beach County Starts Guardianship Fraud Hotline
The elderly are particularly vulnerable to being exploited by their caretakers. This is why the Palm Beach County Clerk and Comptroller started the county’s guardianship fraud hotline last October. The hotline has since received 57 calls, which have led to 13 investigations into possible fraudulent activity. The police have taken control of 12 of these […]
Missing Florida Man’s Mother Wins Battle Over Conservatorship
In the midst of authorities searching for a wealthy Florida philanthropist who went missing after a boating trip last month, the man’s mother filed for a petition in court to be named the sole conservator over his estate. Since the first few days after his disappearance the philanthropist’s mother and wife have been battling each […]
Pet Trusts: Ensuring Beloved Pets Have A Home
Commonly, pet owners ask a trusted person to care of their pet, but sometimes the caretaker changes his or her mind when it comes to taking in the pet. Pet trusts can help prevent such a situation.
Florida Millionaire’s Move To Adopt Girlfriend May Be A Strategy For His Children’s Trust
When a 48-year-old multimillionaire from Palm Beach, Florida decided to adopt his 42-year-old girlfriend, the decision definitely turned heads.
Common Questions About Guardianships For Minors
For Florida parents with children under the age of 18, the naming of a guardian for minor children is an important part of an estate plan. Generally it is relatively simple to nominate a guardian and even though it may be difficult to talk about, a guardianship plan should not be put off. In this […]
An Estate Plan Checkup For Floridians In The New Year
As the New Year starts, people in Florida should take time to review and update their estate plan. The New Year can be used to review changes in personal circumstances, the law and other factors. This post will talk about a few items to consider during the review of your will, trust and other documents […]