Category Archives: Estate Planning
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 »
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 »
Saying “I do” again? Consider these 3 estate planning tips first.
Finding love a second time around is a wonderful thing. Those who find themselves in this happy situation can take steps to help better ensure that their happily ever after truly lasts “ever after”. Revisit your estate plan to ensure your “ever after” is protected Protect your ever after with these three estate planning… Read More »
A will can be an essential estate planning document
Estate plans can vary in complexity. For individuals who have sizable assets, they can include a variety of documents, including several different kinds of trusts such as irrevocable trusts, revocable trusts and even special needs trusts. But, while someone who has much more modest assets may not need many of these different estate planning… Read More »
Putting together an estate plan? Three steps to success.
A number of events can trigger the need for an estate plan. Some realize this need when they have children. Others begin the process when retirement is on the horizon. Whatever the occasion, it is wise to have a basic outline in place before sitting down to put together the plan. The easiest way… Read More »
Are there ways to avoid court-appointed guardianship?
Many senior citizens fear the complications of old age. They’re afraid of not being able to perform the physical activities that they once did. They may also be afraid of becoming mentally incapacitated and losing control of their assets by having a court-appointed guardian assigned to them. But, are there ways to avoid this… Read More »
The importance of updating your estate plan
Many people think that once an estate plan has been developed, that’s one more item to cross off the to-do list. Just slip it into a drawer and forget about it. Nothing could be further from the truth. With every year comes change to accumulated and available assets. And one of the most important… Read More »
The next level of estate planning: Two tips to preserve wealth.
Building wealth is a lifelong endeavor. You can increase the likelihood that these assets not only survive a transfer, but continue to grow. One proactive measure to help better ensure continued growth is to put together an estate plan. When putting together your estate plan, two specific steps that focus on preserving wealth are… Read More »
Basic differences between wills and trusts
Most Florida residents know that they need an estate plan. It doesn’t matter if their assets are comprehensive or more modest in size; they know that the best way to make sure that their final wishes are followed is to develop a good estate plan. They probably also know that wills and trusts form… Read More »
