Protecting
Your Legacy
A trust can be an effective way to avoid probate and transfer assets seamlessly to heirs, reduce estate taxes and give a family privacy. However, there are some things Florida residents need to take into consideration before they set up a revocable or irrevocable...
Florida basketball fans have been watching the Donald Sterling debacle unravel. The latest installment in the scandal is that his wife has entered into an agreement to sell the Los Angeles Clippers that is owned by the family trust without his consent. She is making...
Florida individuals who have a high net worth may need additional financial arrangements in addition to the standard estate planning documents like wills and health care directives. Trusts can be a particularly valuable tool for these individuals to use. A trust...
Most Florida residents are aware that a drafting a will is a prudent step to take. A will can help to reduce tax exposure and ensure that heirs receive as much of an estate as possible. However, many people do not realize that retirement accounts, such as IRAs and...
Florida residents may have heard that radio legend Casey Kasem's wife reportedly disappeared with him recently amid a family dispute over whether his adult children could visit him. Kasem has been diagnosed with Lewy Body Disease, a type of dementia that worsens over...
Florida individuals who would like to provide their children with an inheritance have several methods to consider. With estate planning, they can make their wishes well known. In some situations, parents may wish to provide inheritances of different amounts to their...
People who have retired to Florida often have to make significant estate planning decisions. Those who have capital tied up in assets such as a home, IRA or business investments may feel overwhelmed when attempting to divide the estate equally among their heirs. These...
Many Florida individuals realize the benefits of using a Roth IRA over a traditional IRA. One such benefit of this financial tool is that the tax is paid upfront, so there is no tax consequence to receiving a distribution. However, some individuals may not realize...
Florida residents who own special collections may be interested in including them in their estate plans. Leaving a collection to one or more heirs may be included in a last will and testament. However, there may be benefits in giving away beloved items while an...
Florida individuals who have put off creating an estate plan because they think that this is only a matter for older individuals to tend to may be mistaken in this belief. In fact, estate planning can address more than just what happens upon a person's death. Certain...