Tag Archives: estate plan
Radio legend’s passing teaches several estate planning lessons
Generations of people in Lee County grew up listening to radio host Casey Kasem deliver the latest and greatest in pop music. Out of the public spotlight for years after his retirement, Kasem reappeared in the news suddenly these past weeks as a bizarre family dispute played out between his wife and his adult… Read More »
Florida billionaire’s estate plan may be good for football fans
Football fans in Tampa Bay and across the NFL are mourning the loss of owner Malcolm Glazer. The long-time owner of the local Florida franchise died recently, spurring media members to recount the Buccaneers’ years under Glazer’s regime. At the same time, however, his death gave rise to questions over the future of the… Read More »
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 »
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 »
