Family caregivers often devote a great deal of their lives to caring for an elderly loved one, whether that be a parent, grandparent, or other relative. In the day to day of providing hands-on care, however, have you thought about how it can be easy to lose sight of things like estate planning? Estate planning, despite...
Florida has many advantages over other states: warm winter weather, beautiful beaches, and favorable tax policies, to name a few. In fact, did you know that Florida is one of only eight states with no state income tax or estate tax? This makes the Sunshine State ideal for older adults and estate planning. Winter snowbirds and...
What is Declaration of Domicile? Did you know that owning a home in Florida does not necessarily mean you are a resident of the state, at least not for tax and estate planning purposes? It is an important distinction for those wanting to benefit from Florida’s tax policies, and for those newly moving to the Sunshine...
Has the Covid-19 pandemic cast a shadow of fear and uncertainty over your life? This year, in the face of a global pandemic, National Estate Planning Awareness Week offers an opportunity to learn how to protect yourself, your family, and your business, even in the face of a looming health threat like Covid-19. Estate planning can...
If you own more than one home, what determines your legal residence? If you work or go to college across state lines, which state can you legally call home? Such questions depend on where you are domiciled, or the place where you maintain a permanent residence. You can have more than one home, but only one...
Are you a business owner? Have you ever heard an entrepreneur tell you that a business is his or her “baby?” Given the amount of time, energy, and money poured into entrepreneurial endeavors, this may sound reasonable. Business owners, however, often keep an eye on estate planning for their children but neglect to do so for...
Parents and grandparents can go to great lengths to provide for their loved ones, even after they are gone. Estate strategies for leaving behind lifetime benefits can provide life-changing opportunities. Estate planning, however, is not just about maximizing inheritances.  It can also involve making arrangements for certain family matters, such as protecting a loved one who...
This year has been like few others in recent memory, especially due to the COVID-19 pandemic. A confluence of factors, however, has created a rare opportunity to implement estate planning strategies that could pay off for years, even decades, to come. Did you know that now may be the time to take action as market conditions...
College may be more expensive than ever, and sending your kids to school to earn a career-rewarding degree may feel practically required to compete in today’s economy. Many parents and grandparents struggle to meet the financial burdens involved, and students can often feel forced to take on crushing debts. Even affluent families struggle to keep up....
Have you considered that few things may be as rewarding as helping others? Millions of people give to worthy causes every year and the government provides tax benefits as an incentive. This dynamic, however, also applies to estate giving, and trusts offer certain advantages. A charity can be the beneficiary of a revocable trust or irrevocable...