Tag Archives: Estate planning
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 »
New Study On Trusts vs. Wills Enlightening For Florida Residents
Most Florida residents know that various documents have become an important part of the estate planning process. While wills continue to have a role, many locals see trusts as an effective way of avoiding the cumbersome probate process. Now, a new international study suggests that this American model is being followed overseas as well…. Read More »
Legislation proposed to end Florida counties’ cremation tax
One question that often arises in making estate planning decisions is whether a person prefers to be buried or cremated. In most Florida counties, there is a tax for cremation services, but a recently introduced bill aims to do away with that additional tax. The bill meant to eliminate the tax has been approved… Read More »
Understanding the importance of updating beneficiary designations
Many Florida residents might have already created their estate plans and have all the documents signed off on. However, estate planners should keep in mind that as life changes, so should your plans for the future. One of the most common estate planning errors is neglecting to update beneficiary designations. For example, life events… Read More »
Online assets increasingly important in estate planning inventory
When you visit a Florida estate planning attorney to begin the process of preparing your estate planning documents, one of the first instructions you will likely get is to prepare an inventory of your assets. That will require you to go through all of your financial assets, such as bank accounts and retirement plans,… Read More »
