Most people put off estate planning because they think they have plenty of time or because they think it is only for the wealthy. Even if you don’t have millions of dollars, a proper estate plan can save your heirs from the stress of probate and the money it takes for your estate to go […]
Creating an estate plan is one of the most important steps you can take, even if you are young. As you go through life, you can update your estate plan as life events occur. If you have a special needs person in your life, whether a child, a sibling you are caring for, or even […]
When a loved one passes, their estate can go through probate or trust administration. These distinct processes depend on how the decedent structures their assets. Probate is a legal process that administers and distributes an estate according to the decedent’s will or, if the person died without a will, according to Florida’s intestacy laws.
Trust administration […]
A favorite relative has always told you you would receive a coveted item when she passed. The item has a lot of sentimental value to you and has been in your family for generations. You know that your siblings and cousins do not have any sentimental value attached to the item. Your loved one dies, […]
Giving to charity not only benefits the charities but can also benefit the donor because of valuable tax incentives. To fully maximize the tax deductions, you – or your tax planning attorney – must understand the intricacies and strategies of charitable giving and tax law and how they apply to your unique financial situation. The […]
The saying “The only things certain in life are death and taxes” holds true, but individuals can exercise control over their financial destinies by adopting smart financial decisions for optimal tax outcomes. Year-round tax planning offers a proactive approach, allowing individuals to make informed choices that can lead to significant savings during tax season. Seeking […]
When you want to pass your assets to heirs, having an estate plan is critical; otherwise, your assets will go through probate. This could result in outcomes that you never wished for your heirs. Someone you may want to cut out of your will could receive your assets or your heirs could take on a […]
Something everyone aged 18 or older should have is an estate plan. You don’t have to be a millionaire to have an estate plan. If all you have is a bank account and a vehicle, your assets must go through probate if you die. All it takes is an unexpected accident or illness. A Florida […]
Most people do not think about estate planning until they are in their 40s or 50s unless they have many assets. However, accidents and illnesses can happen at any age. And, you do not need millions in assets to create an estate. In fact, even if you rent your home and vehicle, you should still […]
With the many types of trusts available to help you manage your assets while you are living and after you pass, it can get confusing to know which trust best fits your circumstances. Many people have heard of living trusts. A revocable trust is another name for a living trust. In short, you can revoke […]
