Florida residents may be interested in recent tax law changes that have simplified estate planning for married couples with between $5 million and $10 million in assets. Congress changed the portability rules with regard to estate planning. The change was temporarily...
Month: January 2014
Estate planning tips for digital assets
When planning for the disposition of their estates, people usually account for their homes, art, vehicles, jewelry and other physical items as well as bank accounts set up at brick and mortar locations. However, digital assets such as e-books, songs in digital...
Playing favorites in estate planning
When a Florida parent believes that one or more children deserve a larger stake in his or her estate, they may decide to wait until their death before communicating this information. The parent may showcase what may be considered favoritism in his or her last will and...
Friends of late artist seeking $60 million in trustees’ fees
Although pop artist Robert Rauschenberg died in 2008 on his exclusive Florida island, some of his closest friends are embroiled in a battle over his money. The three friends were given the duty of administering the man's trust that was part of his $600 million estate....
Whether retiring or not, estate planning’s important
"Retirement" in the state of Florida and across the country has acquired a whole new meaning, according to financial planning experts. As many as 40 percent of all baby boomers expect to work until they die, according to recently released data from AARP. Nonetheless,...