Author Archives: Site Administrator
Florida families hope to disinherit IRS through estate planning
According to public opinion, tax implications are one of the biggest issues confronting Americans’ estates. As a result, a big industry has developed to help Americans disinherit the IRS. Through proper estate planning, Florida residents can indeed reduce the tax consequences confronting their estates, thus leaving more assets to loved ones and less to… Read More »
Estate planning and charitable donations
While taking care of children, grandchildren and other relatives is often times an individual’s primary concern in estate planning, many people also focus on charities that are near and dear to their hearts. This altruism makes sense for many people designing an estate plan that fits their needs. In addition to the significant psychological… Read More »
Florida women advised to customize estate planning
The rules and regulations governing wills and trusts do not differentiate between male and female. Nevertheless, the customizable nature of estate planning mandates that each individual take a unique approach to their own plan. Given the differences between men and women, it is important for each sex to recognize that certain things that worked… Read More »
Plant Provision Proves Estate Planning Ingenuity
The Wall Street Journal recently reported on a unique provision in a will intended to care for a potted plant. A 63-year-old woman in Pennsylvania has been dutifully caring for a 42-year-old philodendron for years. Since the plant will almost surely outlive her, she has inserted a provision in her will granting a friend… Read More »
Estate Planning Not Just For Mega-Rich Floridians
A recent report from the Wall Street Journal indicates that too many Americans view estate planning as a tool for the uber-wealthy. The report suggested that the generic term estate planning conjured up images of complex tax shelters and inheritances with too many zeroes to count. Such misconceptions exist in Florida too. One need… Read More »
Florida’s favorable laws affect others’ estate planning
Florida is often the subject of lighthearted jabs directed at the age of its residents. While it is certainly true that the state possesses its fair share of retirement communities, few outside the Sunshine State realize there are reasons, other than the sun, for why retirees are drawn to it. One of the biggest… Read More »
Estate planning documents that should not be neglected
It is an unfortunate reality that many Florida residents put off planning their estate or do so in a haphazard fashion. Neglecting this very important process can lead to unwanted consequences for both the estate planner and family members. In fact, a non-existent or poorly planned estate could result in higher estate taxes, family… Read More »
Singer’s estate fights for rights almost 30 years after his death
Much of estate planning is concerned with wrapping up one’s affairs. Florida residents who execute their wills or create other estate planning documents are thinking about passing their assets on to the next generation. However, sometimes these assets are things that will continue to gather value for many years to come. Sometimes estate administration… Read More »
Do-it-yourself wills could be problematic in Florida courts
For many Floridians, saving money can play a huge role in many decisions. We may forego the name-brand item in favor of the generic version in an effort to keep more in the piggy bank. However, in some situations, going with the higher value option may actually be a better decision in the long-run…. Read More »
Floridians wonder about revocability of trusts
Florida residents have enough on their plate. From running their businesses to taking care of their kids, adults have little time to manage issues on their periphery. Estate planning is one of the issues that is often pushed back until another day. This delay is also caused by confusion over what is needed in… Read More »
