For many of us, pets are cherished family members. Their well-being is a priority, and this concern extends beyond our lifetimes. In Florida, the legal system recognizes the importance of pets in estate planning, offering options such as pet trusts and guardianship arrangements. In this guide, our Florida estate planning attorney...
Category: Estate Planning
Securing Your Legacy: Best Practices for Titling Assets and Designating Beneficiaries
You do not want the government to take a large chunk of the money and other assets that you want to leave to your heirs as their legacy, so you will want to minimize the amount of taxes your estate has to pay. One of the best ways to reduce or avoid...
Estate Planning Strategies at 35 vs. 65
People have different financial situations and goals at age 35 than they do at age 65. As such, the actions they should take at those points in life should be tailored to help them achieve those outcomes.
This blog will provide insights on tailoring estate plans to meet specific...
The Probate Process for Small Estates: Simplifying Estate Administration
Probate is the process of authenticating a Will and administering a person’s estate. It is also the process of administering someone’s estate who does not have a Will (intestate). Probate can be highly complex or straightforward and simple. It depends on the decedent’s estate and other factors. Our Florida estate...
How to Avoid Probate in Florida: Strategies and Tips
Going through probate means that a deceased person’s estate goes through the court when it gets administered. There are simple forms of probate in Florida, as well as some types of probate that are more lengthy, complicated, and expensive. There are ways to keep your estate out of probate and get your...
Understanding the Role of a Successor Trustee: What to Consider When Choosing One
Do you have a trust, or are you considering adding a trust to your estate plan? If so, choosing a successor trustee is a crucial step in the process.
A poor choice for a successor trustee could destroy the legacy you built for your family. Choosing the wrong...
The Role of a Corporate Trustee: When to Consider Professional Trust Management
A corporate trustee is a trust company, investment firm, or bank trust department that manages a trust. The trustee manages and controls the trust according to the terms you outlined in the trust agreement. You can name an individual to serve as a trustee. However, it is wise to discuss the...
How to Ensure Your Charitable Giving Goals Are Met Through Your Estate Plan
People often want to include their favorite charities in their estate plans in addition to providing for their loved ones. There are quite a few ways to accomplish charitable giving through your will or living trust.
This blog will discuss how to ensure your charitable giving goals are...
What Grandparents Should Know About 529 Plan Impact on Taxes, Medicaid Eligibility
529 Plans that can help pay college expenses for a grandchild come with both advantages and disadvantages. When used strategically, these tax-advantaged plans can reduce gift and estate taxes as well as taxes on gains or withdrawals. Unfortunately, owning a 529 Plan could make you ineligible for Medicaid, including Florida Medicaid long-term care...
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