Protecting
Your Legacy
Florida residents who are estranged from their family may be interested if a deceased relative left them an inheritance. While an estrangement from a family member like a parent or sibling can happen for any number of reasons, the estrangement doesn't necessarily mean...
Some Florida residents may think that estate planning is only about drafting a will or creating a trust to help dispose of any assets left when a person dies. However, there is a lot more to estate planning. A recent tragic incident helps illustrate why it is...
Many people want to provide for their loved ones after they die. Financial planners suggest devising estate planning strategies that will allow people to control how their assets will be distributed after they pass away, and Florida residents may wish to take notice...
People in Florida and elsewhere who are beginning to consider how their assets should be passed along after they die often wonder who to share their thoughts with. Some people may embrace in-laws and others may only wish include children and grandchildren in their...
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...
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...
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...
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...
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...
Many Florida residents may be unaware that some or all their estate is in danger of going to someone to whom they have no intention of giving any of it to. Because federal estate taxes only affect those with an estate larger than $5.25 million, many may feel that...