Protecting
Your Legacy
Most people in Florida who are contemplating the preparation of their will know that part of the task is to appoint an executor to carry out the will's provisions. Many legal and financial professionals believe that the spouse of the testator can be an ideal choice,...
Florida residents who would like to avoid federal taxes on their estate may want to consider giving regular gifts to their loved ones. For people with large estates, strategic gifting can be an important part of an estate plan. Wealthy individuals may be able to use...
A Florida resident who is named as the executor of a decedent's will may be apprehensive about the responsibilities that accompany that position. The executor needs to make sure the desires of the deceased person are fulfilled and the remaining financial obligations...
Florida residents who have large estates are likely aware that over the last decade, there have been changes to federal estate tax exemptions and capital gains rates that may change how they want to approach their estate planning. Capital gains tax rates have gone up...
Naming a trust as the beneficiary of a life insurance policy can be a wise decision in some situations. Although many people name a person as the beneficiary of their life insurance policy, using a trust instead can be helpful for Florida families with large estates,...
Florida residents who have online accounts may be interested in how those accounts are treated after their death. Depending on the service provider, it may be difficult for family members to gain access to those accounts and the information contained within them. When...
While most people think about wills or trusts when planning their estates, it is important for them to also plan for the possibility that they may suffer an illness or injury that will leave them unable to make decisions while they are still living. There are several...
Some Floridians might wrongly believe that wills and estate plans are only required for people who are rich. However, all people, regardless of their income level, may benefit by having a will in place. Without a will, the person's estate will have to go through the...
Experts caution that Florida baby boomers must not neglect estate planning as part of their retirement planning. However, people of this age group are not the only ones who tend to avoid these matters. While planning for what happens to one's assets after one's death...
Florida residents may be interested to learn that on March 30, a probate judge ordered attorneys to take eight weeks to sort out issues related to money and property awarded to his widow and three adult children. Attorneys for Williams' third wife say that the...