Author Archives: Site Administrator
Are there advantages to creating a special needs trust?
Many senior citizens in the nation depend on the benefits provided by government programs such as Supplemental Security Income and Medicaid. Some really need it because they may be physically or mentally disabled and unable to care for themselves. But what happens if a disabled senior citizen receives some monetary assets due to the… Read More »
Two reasons to include digital assets in your estate plan
A successful estate plan should be tailored to cover the owner’s entire estate. In this day and age, that means it should include provisions regarding digital assets. This expands beyond log-in information for social media accounts and email to include access to online banking accounts. Our reliance on these forms of digital assets, in… Read More »
How to stop heirs from fighting over an inheritance
The idea behind most estate plans is to clearly indicate what will happen to a testator’s various assets. Unfortunately, some beneficiaries get upset with what their beloved family member left them and they feel that other heirs may have received items that they think should have gone to them. The result is a squabble… Read More »
Estate planning and the election: Potential impact of each candidate
Estate planning is a process that allows property owners to take advantage of various rules and regulations to help better ensure that they can get the most out of their assets. These rules and regulations are impacted by various changes in laws, changes that can happen at any time. One event that could impact… Read More »
What information shouldn’t be part of a will?
Creating a will as part of an estate plan can be a daunting task for many individuals. That’s why many rely on estate planning professionals to help them put together a solid will that takes care of all of their needs. But, it’s important to remember that while a will should be as thorough… Read More »
Estate planning for blended families
Many more families today are blended than may have been the case in years past. Blended families can present unique challenges concerning estate planning that individuals considering how to approach estate planning should be aware of. Effective estate planning is always a good idea but it can have especially important implications in cases of… Read More »
Estate planning tax discounts at risk with new IRS proposal
The Internal Revenue Service (IRS) has proposed changes that will impact the use of certain deductions used to reduce the taxable assets in an estate for estate planning purposes. More specifically, the IRS is attempting to cut the minority discount often used when valuing interests held in family limited partnerships (FLPs). FLPs are common… Read More »
What usually happens during the process of probate?
It is only after someone’s death that the process of actually settling their estate and distributing their assets can begin. For most beneficiaries, this means that their family member’s estate documents will need to go through probate. But to many Florida residents, the process of probate can sound very mysterious. So what exactly happens… Read More »
Avoiding estate planning mistakes
Protecting your estate is important, and there are many ways in which you can do that. Unfortunately, there are also many estate planning mistakes that can be made, and these can be very costly. These kinds of mistakes can put your future and the future of your beneficiaries at risk, and you might not… Read More »
Estate planning 101: Two options to preserve digital assets
Putting together an estate plan is an important step towards wealth management. However, an oft forgotten area of estate planning involves digital assets. These assets should also be included within your plan. There are two basic routes to ensure these assets pass in accordance with your plans, one is tangible and the other is… Read More »
