Florida residents who do not want to rely on the rules of intestacy may decide to complete a comprehensive estate plan. Wills help individuals determine to whom to leave their material possessions. Without them, the decedent's assets will be distributed in accordance...
Month: October 2013
Downside of windfalls
If someone in Orlando hears they are coming into an unexpected windfall in the form of a substantial inheritance, it may present a significant shock to that individual. An unexpected surprise of this nature may negatively affect someone. However, by planning...
Should parents leave an inheritance to their children?
Many Florida parents may be wondering if they should leave an inheritance to their children. Whether parents are wealthy or not, the decision is always a personal one that reflects their financial situations, family values and other factors. There is no right or wrong...
New laws governing bypass trusts
Florida taxpayers might be pleased to hear that new laws governing bypass trusts could end up proving beneficial to them when tax time rolls around. Bypass trusts can now serve as potential income tax savings tools in addition to their customary role in estate...
DOMA ruling affects estate planning for same-sex couples
According to a senior financial planner at Wilmington Trust, when the Supreme Court ruled the Defense of Marriage Act unconstitutional, it created many benefits for same-sex couples. Because of the Supreme Court ruling, the federal government is required to recognize...